Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
Paris officials want to instate a fivefold increase on occupancy tax on vacant secondary residences to encourage owners to sell their properties or rent them out. Last month, the City of Paris voted in the principle of increasing the occupancy tax — taxe d’habitation — on vacant second homes in the capital. The tax would […]
As of January 1st, 2016, property purchased in Paris is subject to an increased purchase tax — or transfer tax. This tax has increased by 0.7% for the purchase of housing, office or commercial property. While the vast majority of French departments had already taken this step, Paris is the latest to apply an increased […]
While policymakers just signed an environmental agreement during the Paris Climate Talks, certain policies are already in place in France to promote energy-efficient housing. With environmental concerns weighing increasingly on lawmakers’ decisions, France has been steadily developing and implementing ecological incentives for homeowners to improve their properties’ energy performance in the last few years. A recent […]
A new study surveying prime real estate in 15 major international cities reveals that Paris offers one of the most attractive tax regimes for foreign investors. British estate agent Knight Frank recently published their Global Tax Report in partnership with Ernst & Young (EY), assessing the impact of tax and property costs for foreign investors […]
Some decisions on local taxes taken at the municipal level this year in France will affect homeowners in 2015 and 2016. New increases in residential taxes (taxe d’habitation) and property tax (taxe foncière) as well as surtaxes on second homes and building lots are part of the program.
Purchase taxes on Paris apartments often give buyers pause; but how does Paris really stack up to other major real estate markets?
Property taxes are everywhere in the world, but in France, there are two particular types you need to know about. First, the taxe foncière, a property tax for which the owner is liable, and a taxe d’habitation, for which