Example of Costs and Timeline
For ease, the property we use in this example is bought for €100,000.
| Time | Reason | Purchaser cost | Bank |
| Day 1 | Make an Offer | 0 | |
| Offer Accepted | |||
| 2 – 3 Weeks | Compromies de Vente | ||
| 10% Deposit to be paid | 10000 | ||
| 7 day cooling off period passes | |||
| 3 Months | Acte de Vente (final purchase) to be signed | ||
| 80% from loan from bank | 80000 | ||
| Remaining 10% to be paid | 10000 | ||
| Notaire fees and Government taxes (7.5%) | 7500 | ||
| TOTAL | 27500 | 80000 | |
| Possible other costs | |||
| Mortgage broker (1% of loan) | 800 | ||
| Yearly Costs | Property Holding Costs | ||
| Insurance (from day of purchase) | |||
| Taxe d’habitation | |||
| Taxe fonciere |
Taxe Fonciere – You pay this as a property owner in France – half for the local commune (local authority) and half for the state of France.
Taxe Habitation – This is paid by those using the property so if you let the property out all year it is the tenants who would take charge of this tax. If you were to let out your property on a weekly / holiday basis, then you would still be liable for this tax.
These are annual taxes (bills being sent at the end of the calendar year. Most people pay them monthly, by direct debit).
If you are buying an apartment, you will also be liable for maintenance charges. Please ensure you are made aware of exactly what these charges are and when they are to be paid.
