Real estate loan

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From next year, people who will build a real estate project could benefit from state aid for the purchase rather than the tax credit on real estate loan interest. The reform of this system should facilitate homeownership. This new state aid will be fixed and depends on the location of the property.

The government is currently working to replace the loan interest tax credit for the purchase of a principal residence. The Labor, Employment, Purchasing Power Act, which came into force on August 21, 2018, provides for a tax credit of 40% on interest in the first year and then 20% for the next four years, up to a limit of € 7,500. for a couple and 500 euros extra per dependent.

From 2011, this device could turn into a direct state aid. In concrete terms, this “would be integrated directly into the personal contribution of the purchaser,” says the business daily Les Echos.

The government must decide on the tranche of loan to be granted, 10,000 euros or 15,000 euros for example. The aid will be fixed and no longer in the form of a percentage. It will apply depending on the housing area of ​​the property purchased. The most important advantage will concern zone A, ie Paris, Antibes and Nice, then zone B (Vichy, Troyes, Marseille) and finally zone C which corresponds to municipalities of less than 50,000 inhabitants.

It should be noted that this state aid can be combined with the zero interest loan.

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