Good news for many individuals who wish to buy their first primary residence. A series of municipalities will move to an extended zone, which will allow them to benefit more from the zero-rate loan. Here is concretely what they will be able to save on their real estate loan.
This is one of the government’s responses to the housing crisis. A week ago, he announced the classification of 154 municipalities as extended zones, in order to allow more households to find housing.
4.5 million inhabitants are affected by this modification which notably concerns Arras, in the north, but also Cholet, Le Mans, Troyes, Evreux, Besanon, Gap or Colmar, as well as towns on the Atlantic and Manche coasts such as Brest, Cabourg, Paimpol, Perros-Guirec, Plrin, Lorient, Vannes, Royan…
These towns previously classified in zone B2 or C now move to zone A or B1. This zoning includes five categories (A, A bis, B1, B2 and C) and classifies the municipalities according to the imbalance between supply and demand for housing. It is based, among other things, on real estate prices and the level of rents. Categories A, A bis and B1 are considered as stretched, B 2 as unbalanced and C as not stretched.
Good news for future first-time buyers
A change which should facilitate the purchase project of future first-time buyers in the cities concerned. This change in zoning with the passage of more than 150 towns into extended zones will make them eligible for the zero-rate loan, or if they were already eligible, a higher loan amount or a greater deferral. This is a positive measure which will take into account recent price increases and help first-time buyers who often have difficulty buying in these cities which have become very attractive but also very expensive! analyzes Sandrine Allonier, spokesperson for Vousfinancer.
Indeed, in La Rochelle, Brest or Annecy, for example, prices have increased by more than 40% over the last five years without the conditions of access or the amounts of PTZ having changed, notes the broker.
In a study published this Tuesday, it shows the impact of the new PTZ rules for the purchase of a off-plan apartment worth 200,000 euros for a couple with 50,000 euros of income and two children.
For example, in towns in zone C like Landernau, or Uzs, currently, this household is not eligible for PTZ because it exceeds the income ceilings and the zone is not eligible for a VEFA purchase (sale in future state of completion). From now on he will be able to obtain 80,000 euros of PTZ with a 5-year repayment deferral. Financing a purchase of 200,000 euros with an additional loan of 120,000 euros at 4.5% over 25 years will cost a total of 77,500 euros in interest compared to 133,160 euros without the PTZ, or 40% less, calculates Vousfinancer.
Because the change of zones has consequences not only on the maximum amount of the PTZ which reaches 20% of the property in zones B2 and C but 40% in zones B1 and A, but also on the maximum resource ceilings and the maximum amount of the operation taken into account.
| Number of people | Area A | Area B1 | Area B2 | Area C |
|---|---|---|---|---|
| 1 | 150,000 | 135,000 | 110,000 | 100,000 |
| 2 | 210,000 | 189,000 | 154,000 | 140,000 |
| 3 | 255,000 | 230,000 | 187,000 | 170,000 |
| 4 | 300,000 | 270,000 | 220,000 | 200,000 |
| 5 and above | 345,000 | 311,000 | 253,000 | 230,000 |
The modification of zoning will mechanically increase the number of potential beneficiaries
If in a class C municipality, the income not to exceed to obtain the PTZ is set at 48,000 euros for a family of four people, this same ceiling increases to 74,000 euros in zone A.
The change in zoning will automatically increase the number of potential beneficiaries by allowing households previously excluded from the PTZ system to access it and facilitating access to real estate credit. In a context of high credit rates, the PTZ is a real aid to accession, with a significant impact on the total cost of credit and on debt thanks to the repayment deferral it grants, indicates Julie Bachet, director general policy of Vousfinancer.
6 million additional beneficiaries of the PTZ
Furthermore, the Minister of the Economy, Bruno Lemaire, indicated this weekend that he wants to broaden access to the PTZ by simplifying the scale and increasing the ceiling, which will automatically increase the number of beneficiaries. The government hopes that 6 million additional people will be eligible for the PTZ.
Two downsides, however, notes Vousfinancer. On the one hand, the government has not mentioned the return of the PTZ for the construction of individual houses. On the other hand, notes the broker, certain towns in zones B2 and C which pass into zone B1 or A, i.e. in tense zones, will no longer be eligible for the PTZ system for the purchase of an old house with work. . while priority is also given to the renovation of existing housing!
Real estate credit: why you need to hurry to obtain a zero-rate loan (PTZ)