Published
Video length: 3 min
Real estate: owners exchange their properties
Real estate swapping is becoming more and more popular. It allows you to exchange your property with another owner, limiting notary fees and taxation.
(France 2)
Real estate swapping is becoming more and more popular. It allows you to exchange your property with another owner, limiting notary fees and taxation.
Real estate barter appears more and more in advertisements. In Boulogne-Billancourt (Hauts-de-Seine), a couple in their sixties moved into an 80 m² apartment. They bought it by exchanging it with the 120 m² above them, which they had owned for twenty years. They were looking for a smaller space. In their old apartment, Jonathan Guedj, co-exchanger, needed more space for his three children.
In the transaction, he simply had to pay the difference in value between the two apartments. A single notarial deed was sufficient, instead of two deeds of sale. Notary fees are thus shared and taxes are reduced. An owner has just registered on a new specialized platform to increase his chances of finding co-exchangers. The platform works like a dating site between owners. “We’ll send our favorites whenever we like”explains Frédéric Kopp, founder of “Béa”.
