Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
The outlook is very positive for Paris’ 2018’s property market, but as usual there are major changes to the laws affecting real estate. The following regulatory changes and tax reforms affecting property are important to know about. The end of the wealth tax in its current form At the end of November the National Assembly […]
Only 11,000 out of 100,000 short-term rental listings in the capital abide by the new measure regarding registration of properties with the local council. The other 89,000 listings are now outside of the law after it became official on December 1. The Decret Airbnb – as it has come to be known, even though Airbnb only […]
The end of rent caps in Paris is in sight as the administrative tribunal of Paris has decided to annul the measure after it was deemed illegal in its current form. In a surprise move, the tribunal administatif de Paris has ruled against the continued imposition of rent caps in the capital. In an official statement, the […]
The French government believes that proposed reforms to the wealth tax which will mean 3.2 billion less in revenue. The boon to the wealthy will see wealth tax levied only on real estate holdings and not on other investments, provoking fervent debate in the country. They estimate that the IFI (impot sur la fortune immobiliere), […]
Emmanuel Macron promised during his campaign to exonerate 80% of French citizens from the taxe d’habitation. His finance minister recently revealed the more details of the measure to be introduced next year. Gerard Darmanin, Macron’s finance minister, recently revealed the details of the taxe d’habitation exoneration at a meeting on Tuesday morning. Macron promised the measure […]
The measure discussed earlier in the year will enter into force on December 1. Anyone wishing to rent their Paris apartment on short-term rental site Airbnb will have to register with local authorities to do so.
The Paris Council recently voted in favour of a quadrupling of the surcharge on the taxe d’habitation for unoccupied homes in the city. If voted into law by the National Assembly, this would take it from 60% to 250%, adding several hundred or even thousands of euros to Paris property owners’ tax bills.
His two main campaign pledges affecting real estate in France will form part of 2018’s finance bill. What do they mean for those owning property in France?
A new law under consideration by the Paris Council in June would mean that anyone renting out their Paris property through sites like Airbnb will have to obtain a registration number. The measure is aimed at ensuring no one flouts the 120-day limit.
In some good news for Paris homeowners, local tax rates have remained the same since 2011 and will continue to do so. This was confirmed for 2017/18 by the Paris city hall recently.