|
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?
Buy an old or a newly built real estate in France? here are few insights
11-02-2022
