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Property tax: the bad surprise to come for real estate borrowers

2021-08-19T17:02:03.604Z


Local tax paid annually by homeowners can represent up to two months of mortgage credit for borrowers.


Many Parisians have desires elsewhere.

Not to mention that mortgage rates have never been so low.

From a financial point of view, this strategy can prove to be a winning one.

But the dreaded surge in property tax - one in three municipalities plans to increase it in 2021, after an increase of 31% in 10 years on average in France - risks giving pause to more than one mortgage borrower, but also to real estate borrowers. buyers who pay "cash".

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Because in Paris, where real estate prices are the highest, the local tax that owners pay each year is the least expensive: 745 euros on average (figure for 2020, according to the National Union of Real Estate).

It is as if a Parisian repaid, each month, 62 euros more for his mortgage, according to Meilleurtaux who scrutinized the 20 largest French cities.

Read also

Real estate: the property tax on old housing may soar

Conversely, medium-sized towns, which have been increasingly popular over the past year and a half, have, for the most part, the lowest property taxes.

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Source: lefigaro

All business articles on 2021-08-19

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