The costs involved with buying or selling a gite in France

Just like a property purchase in the UK, there are lots of costs involved with buying or selling a gite in France. The actual price of the property is the least of it!

If you’re planning to buy or sell a gite in the near future, it might benefit you to have an idea of the various fees and costs involved. That’s what today’s post is all about. A rough guide to the various costs involved in buying and selling French gites.

Costs of buying and selling a gite in France

The headline cost is for the property itself but there is a lot more to a property purchase in France.

Example extra costs can include:

Agent’s commissions – Buyers pay estate agent fees in France. Some gites will include those fees but not all will. Those commissions can be anything between 4-10% so need to be taken into account.

Notaire – The Notaire also costs money. They charge a fee for their services but will also take care of stamp duty, land registration and sales taxes. This can be anywhere between 6-10% of the total cost.

Survey – Just like in the UK, properties can be surveyed as part of the purchase process. They aren’t compulsory but some mortgage lenders will insist on them. Expect to pay up to €1,000 for a full survey on a gite.

Testing – The French have a version of the energy efficiency test called the DPE. Every house will need one of these and will be paid for by the seller. Tests can also include utilities, water, sewage, natural risks, lead, asbestos and termites. Expect to pay between €400 and €900 for a test.

Safer – Safer is an agricultural organisation that gets involved if the gite has over 1 hectare of land. This is compulsory with land and will be paid as part of the Notaire’s fees.

Money transfer fees – If you’re using foreign currency, you’ll need to take into account currency exchange rates and money transfers. International transfers come with their own fees. These are too many and varied to offer a reliable amount.

Local property taxes – Taxe Foncière and Taxe D’habitation are two local taxes paid by homeowners in France. Amounts vary by property value and the amount of land you have.

Civil liability insurance – This insurance is compulsory in France and protects you from claims from third parties regardless of whether you run a business or not. Costs vary depending on location and lots of other factors.

As you can see, there is a lot more to consider when buying or selling a gite in France than just the price of the property. Where possible, we have provided ballpark figures but a couple of the costs have too much variation to offer useful amounts.

Don’t let it put you off buying or selling though, all these costs are very similar to what you would have to pay in the UK!

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