The real estate market is constantly in flux, and a new law could change the game for buyers. Find out how this recent legislation can help you acquire a property at a reduced price, under specific conditions.
Investing in real estate has always been seen as a safe and profitable investment. Whether for the purchase of a main residencea rental investment or a second home, acquiring real estate is a strategic decision for many French people. “Stone”, as we like to call it, is a tangible asset, often considered as a protection against inflation and fluctuations economic. Furthermore, unlike financial investments, real estate offers the possibility of generating passive income through rental, while building up assets.
The French real estate market, although constantly evolving, remains a central pillar of the economy and a safe haven for savers. In these times of economic volatility, many are turning to real estate to secure their finances and prepare for their future.
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Laws influencing real estate prices
Real estate, although strong and stable, is not immune to fluctuations caused by various factors, including laws And regulations implemented by the government. These regulations can have a direct impact on the price property, the conditions of purchase and sale, and the obligations of owners. For example, the Pinel law, introduced to encourage investment rental in tense areas, offers tax reductions to investors but also imposes rent ceilings and resource conditions for tenants.
Tax and environmental laws also influence real estate prices. For example, homes classified as “energy sieves” (those with an energy label F or G) see their value drop due to the energy renovation costs required to bring them up to standard. Indeed, since 2028, these properties will no longer be eligible for rental, which encourages many owners to sell at a reduced price to avoid heavy works or loss of rental income.
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How a new law could lower the purchase price of your property
Since the May 15, 2024a new law has changed the rules of the system My Renovation Bonusmaking the purchase of certain properties more advantageous. Now, even households with higher incomes can benefit from aid to finance energy renovation workincluding for one or two works. This legislation mainly targets primary residences considered to be energy sieves. In France, approximately 4.8 million homes are in this category, according to the National Observatory for Energy Renovation (ONRE). These properties, often sold below the market price, offer large profit margins. negotiation.
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Mathieu Velluet, expert at Expertimo, emphasizes that “Owners want to sell these expensive-to-maintain properties quickly”. The law allows you to apply for aid as soon as the sales agreement is signed, facilitating the financing of the work. With aid covering up to 90% of costs for low-income households and other available financing, it is possible to significantly reduce the total cost of acquisition and renovation. This legislation represents a unique opportunity to buy at a lower cost while increasing the long-term value of the property.