Boroom Immobilier

	OLD	NEW
NUMBERS	The stock (majority of properties) 1,048 M de transactions in 2020*	Newly built 100 000 transactions en 2020*
LOCATION	City center: public transportation, grocery stores, schools,…	New built area. Public transportation usually far, few choices for grocery stores, shops,…
SURFACE	Generous	Less generous
CEILING HEIGHT	High	Medium
PURCHASE PRICE	2000€-3000€ Except in tight areas (Paris, Lyon, Bordeaux, ...)	+20% compared to old property prices - 5500€ Except in tight areas
FEES AND EXPENSES	Notary fees 7 à 8% Renovation is generally a must	Notary fees 2 à 5% No or little renovation required
ENERGY PERFORMANCE	Poor before renovation	Good
TAXATION	Property taxes Furnished Not Furnished Denormandie since 2019 in medium-sized towns	No property tax during the first 2years Furnished Not Furnished Pinel Censi-bouvard in medium-sized towns
POTENTIAL CAPITAL GAIN IN CASE OF RESALE	Important when the property is renovated	After several years as purchased price is usually above market value
TO SUM-UP	Old real estate has much more advantages than newly built ones ! At Bôroom, we’ve made our choice ! You?

Old or new real estate?