If you bought or sold your property between 2014 and 2019, we already know everything about it !

22 May 2019

Major change in the modern world of real estate! This is now official, we can now know how much you bought your land, your house or your apartment, at least if you became a buyer after January 1, 2014.

The public service has set up a site that details all property value requests (DVPs) to which only the administrations and communities had access until now. It was at the end of April that everything was played out, when the General Directorate of Public Finance (DGFiP) gave a free access to more than fifteen million land data (sales of a house, an apartment, of a parcel) registered and thus registered before a notary for five years.

To get there, click on the following link: https: //app.dvf.etalab.gouv.fr/.

How does it bring about such an important change?

And well apart from the transfer price (excluding notary fees and negotiation fees) which remains a basic information, are indicated the address of the property, the date of the transaction, the type of transaction (sale, exchange, adjudication or expropriation but not donations, inheritances or legacies), a description (summary) of the property (surface, number of rooms ...) and cadastral references.

While transparency is essential in the context of our work with our customers, this initiative, taken by Bercy, has been enormously shared and a lot of reactions came out.

This transparency was intended to promote the information of sellers and especially buyers. The ministry justifies itself:

"Everyone is now able to know precisely the amounts of transactions in a given neighborhood. He is no longer obliged to go through a third party actor (agency, notary) to obtain this information. " 

The other issue is obviously to promote the efficiency of the administration, the DGFiP having more to answer the DVF (requests for property values) than it claimed other administrations and communities. The site has already received more than a million visits since April 24, and Etalab said to count 70,000 visits per day.

While French real estate professionals have generally reacted favorably to this novelty, customers have not particularly appreciated the new tool as intrusive, highlighting sensitive information, and can be a source of problems overall.

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