towards an increase in notary fees in 2025?

In order to finance the fight against coastal erosion threatening homes on the coasts, the National Assembly adopted, on November 8, an amendment to the draft budget for the year 2025 creating a tax within transfer duties, component of notary fees.

A tax to save homes near coastlines

The deputy for Gironde Sophie Panonacle (Together for the Republic) at the origin of this amendment, proposes “an additional tax to transfer duties for valuable consideration (DMTO)”. DMTO or “notary fees” are an important part of the additional costs of a real estate loan. Indeed, according to Individual to Individual (PAP), they today represent 8% of the acquisition price of a property in old properties and 3 to 4% in new properties.

This new amendment should therefore increase these costs to finance actions to prevent coastal erosion which is becoming a real issue, particularly because of climate change. Ouest France returns in particular to the example of the city of Saint-Malo which will also have to adapt as quickly as possible to the erosion of the coastline because the sea level there increases by 4 millimeters each year.

Small budget for buyers, big budget for the State

The MP wanted to reassure future buyers. This new tax should not impact their budget. In fact, this would amount to ten euros per tranche of 100,000 euros only according to Capital.

However, Sophie Panonacle projects a revenue of 30 million euros per year thanks to this amendment which will be “allocated to a coastal erosion fund created in the “expenditure” section of the finance project for 2025” reports Capital. This money will finance land acquisition projects, protection and relocation of real estate.

According to the Center for Studies and Expertise on Risks, Environment, Mobility and Development (Cerema), 240 million euros would be needed to protect 1,000 buildings by 2028. Unfortunately, “this phenomenon predictable natural hazard not being included in the list of major natural risks, the Barnier fund cannot be mobilized to finance protection and compensation actions” for the decline of the coastline, regrets Sophie Panonacle to Capital.