Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
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.
With the first round of voting only a fortnight away, it is worth considering what each candidate’s policies would mean for Paris property, if elected.
In central Paris, seasonal rentals – much more profitable than long-term rentals – have proliferated at the speed of light, despite their often illegal status. Airbnb is now succumbing to pressure from about 17 different cities, including Paris, and attempting to control rentals in accordance with local regulations. With 60,000 homes in Paris offered on AirBnb’s website, it’s […]
A contentious move by the City of Paris sees a list of legal rentals publicized online and Parisians reportedly encouraged to denounce each other. Unsurprisingly, officials face widespread condemnation for this controversial initiative while Airbnb launches a petition to prevent the government’s overzealous regulations damaging tourist rentals in the capital. In its latest attack against […]
Fees collected by legal professionals in France are set to decrease, including those paid to notaires. However, savings will only be significant on small transactions while most Paris real estate buyers won’t notice much change at all. Starting in May, buyers in France will benefit from ever-so-slightly reduced notaire fees on their purchase. Part of the Macron Law passed last year, a decree published […]
A new certificate easily obtainable from a French notaire makes inheriting property in France a far simpler process for non-residents. The European Certificate of Succession allowing heirs to assert their rights in a more streamlined manner is applicable in all EU member states. Until recently, to receive international inheritance, heirs had to go through a […]
A new decree sets the rules for creating and managing cohousing communities — intentional groups of co-owners. These housing cooperatives are considered legal entities, enabling people to come together to design, build and run their housing groups. In 2014, the Alur law — law on access to housing and renovated town planning — officially recognized […]