They had fallen in 2020 (-6.5%) but caught up in 2021 (+6.9%): condominium fees in Paris rebounded last year mainly due to the increase in the prices of the energy according to the FNAIM Grand Paris observatory, which assesses them on average at €38.6 per m² of insured surface area, compared to €36.1 in 2020.
In the annual budget, these current co-ownership charges thus represent an average of €2,159 per residential unit for the past year and return to approximately their 2019 level. These data have been compiled from the analysis of the more than 3,700 buildings managed by trustees who are members of the FNAIM, i.e. a panel of 15.4% of the Parisian building stock.
Heating and electricity under supervision
Overall, everything is increasing, but it is the heating, energy and fuel item that is experiencing the most significant rebound and this will of course be even more marked in 2022. Already last year, this item jumped by 19% to almost €438. Batch. Maintenance contracts (elevators, automatic garage doors, etc.) are the second account that recorded a significant increase (just over €155/lot in 2021 compared to just under €140/lot in 2020). Electricity (nearly €140/lot in 2021 after €132/lot in 2020) will of course be something to watch this year. Personnel costs (caretaker, cleaning, etc.) remain the most important item at almost €570 per lot.
Trustee fees
Trustee fees increased by an average of 5% last year, including an increase of more than 8% in postage costs. The trustees’ fees thus represented an average amount of around €284 per unit in 2021, compared to €270 in 2020, which does not exceed 13% of the overall invoice for co-ownership charges.
Disruptions in work decisions
The budget of collective housing owners does not only depend on current expenses, it also includes building maintenance work. This observatory shows on this point a sharp drop in investments last year with a works budget falling to €3,494 per lot on average against €3,957 in 2020 (-12%). In 2020, Parisian co-owners had spent nearly twice as much on works as on current expenses, but this works/expenses ratio fell to 1.62 in 2021.
This seems to be directly linked to the postponement of decisions due to the numerous Covid periods which have complicated the organization of general meetings and often relegated renovation work projects to a later date. ” With the difficult or even uncertain economic context that we are currently experiencing, we will pay particular attention to this indicator for the next editions. “, analyzes Olivier Princivalle, deputy president of the FNAIM du Grand Paris and himself trustee of co-ownerships in Paris and in the Paris region.