Are agency fees too high?

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Video length: 2 min.

France 2

Article written by

PL.Monnier, L.Campisi, M.Barrois, A.Lo Cascio, C.Ricco – France 2

France Televisions

In the midst of a real estate crisis, how can we relaunch housing sales? The competition authority proposes to lower the fees of real estate agencies. They would be 5.78% on average in France against nearly 4% in the whole of the European Union.

The competition authority pinpoints the fees charged by real estate agencies. On average in ten years, they went from 11,000 euros to 14,600 euros in tight areas. In Essonne, the new apartment of a retiree contains 100m2 of living space. She paid 252,000 euros including 12,000 euros in fees for the real estate agency. Are the fees too expensive?

4% fee in Europe

Agency fees are 5.78% in France against only 4% in Europe. According to an agent, there are no abusive charges. They can also be negotiated. With the fees, he says pay salaries, charges, costs that are already putting many agencies in difficulty. In the meantime, to pay less, more and more French people are trying to circumvent real estate agents via the internet in particular.

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Competition Authority

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