Already devastated with a drop in volumes of more than 30% in 2022, the new single-family home sector took a big hit on the head with the first government announcements issued last Monday from the restitution of the work of the National Council for Refoundation on Housing. The Zero Rate Loan (PTZ), which last year participated in the financing of approximately 33,000 new houses (SGFGAS figures), would indeed be abolished for houses by being refocused on collective housing only in tense areas (A, Abis, B1) and on the acquisition of old housing in a relaxed area (B2, C) subject to carrying out renovation work.
From the beginning of 2024?
These measures could come into force at the beginning of 2024 after having probably been debated within the framework of the next finance law. Already last year, amendments to the PLF 2023 had tried to plane the PTZ by removing it from rural areas and remote from large agglomerations (B2, C). However, more than half of the PTZs granted last year for new housing were granted in these relaxed B2 and C zones, which often concern a public that does not have the means to get closer to towns where prices are higher. high (especially that of land for houses).
” Sacrificing the only tool for accessing new home ownership, the Zero Rate Loan (PTZ), in more than 90% of municipalities, is to increase the divide between those who have the means to choose their way of living. and those who will be under house arrest “Several federations grouping new housing had reacted at the start of the week.
An eternal budget debate
The PTZ is however of great help for first-time buyers with modest incomes in this period of sharp rise in borrowing rates but this is also why it is increasingly expensive for the State. However, the executive forgets to account for the associated tax revenue and in the first place the VAT for each new dwelling (we easily arrive at 40,000 € per house)…
In total, just over half of the PTZ granted in 2022 (nearly 64,000 in total) concerned a new house, for an amount close to €47,000. The PTZ also allows first-time buyers to benefit from a deferred repayment, a period during which only the bank loan is reimbursed and not yet the PTZ. It is therefore a powerful solvency tool at a time when the construction of houses has already suffered the additional costs of the new RE2020 standards, the rise in the price of materials and that of land due to the anticipation of the objective of Zero net artificialization.
Still a few months to enjoy it in its current version
The Minister in charge of Housing, Olivier Klein, assured that the government’s announcements were only a first step. We can therefore hope that the new house will not ultimately be sacrificed to such an extent. If in doubt, households eligible for a PTZ who want to build their house should hurry to take advantage of this aid in its current version until the end of the year, knowing that the banks are closing the files with PTZ from November. He could therefore stay no more than 5 months.