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Decrease in real estate transactions: €300 million less for the City of Paris' budget

2024-01-15T05:11:56.090Z

Highlights: Sales in the second-hand market fell by 28% in 2023. With this reduction in transfer taxes for consideration (DMTO, or notary fees), it is the policy of solidarity that is undermined throughout the country. "The very big real estate crisis at all levels requires a reaction from the government," insists Paul Simondon, PS's deputy in charge of finance. The Association of Departments of Île-de-France shares the concerns of his members and welcomes their initiative.


With the fall in transfer taxes, the capital is seeing one of its major tax revenues fall. However, there is no question of reviewing the


Paris has also been hit hard by the real estate crisis. Sales in the second-hand market fell by 28% in 2023. Even if the capital does not sit in the Association of Departments of Île-de-France, Anne Hidalgo's deputy in charge of finance, Paul Simondon (PS), shares the concerns of his members and welcomes their initiative. "The very big real estate crisis at all levels requires a reaction from the government," insists Paul Simondon. With this reduction in transfer taxes for consideration (DMTO, or notary fees), it is the policy of solidarity that is undermined throughout the country. »

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Source: leparis

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