Estate agent prices capped

The new Loi Alur has capped the price of rental fees for estate agents. Until now the standard fee was one months rent as commission, ie renting out a €700/month apartment the estate agency would charge a one-off €700 commission for arranging the contract.

Starting from the 15th September, the price is capped at €13/m². So a 50m² apartment rented out at €700/month will now be capped at a one-off €715 payment. Of course some owners will be winners and some losers under the new system. This is just one of a long list of pointless and complicated changes made by the Hollande government.