A revolution in real estate renovation support: MaPrimeRénov’ and MaPrimeAdapt’
As of January 1, 2024, the MaPrimeRénov aid will undergo significant restructuring. Now they will focus on the overall restoration with an increase in their amount. However, in order for owners to take advantage of this, they must be accompanied by Mon Accompagneteur Rénov’. Entitlement to this support will require the completion of at least two types of insulation work and the improvement of at least two energy classes according to the energy efficiency diagnosis (DPE). The amount of MaPrimeRénov’ will vary depending on household income, the scope and ambitions of the work performed.
The MaPrimeAdapt’ system will also be set up at the same time. Its aim is to fund work to adapt housing to loss of autonomy related to age or disability, without age conditions.
The zero-interest loan (PTZ), the basic system for accessing real estate, will undergo significant changes. It will focus on new apartments in stressed areas and on old housing requiring extensive renovations in other areas, excluding new homes. In addition, the maximum PTZ will increase from €80,000 to €100,000, expanding its availability to more households.
The last months of the Pinel system: the end announced
The Pinel system, a mechanism for investing in new rental properties, will end on December 31, 2024. Prior to its demise, the rates of tax relief granted under this scheme will gradually decrease. For Pinel Plus, these rates will remain higher and thus offer more attractive tax benefits.
The Denormandie system, originally scheduled to end in 2023, is extended to 31 December 2026. It allows the buyer of an old house requiring renovation work to enjoy the same tax benefits as Pinel under certain conditions..
Last year for G-rated housing: towards mandatory renovation
2024 is the last year for G-rated rental housing. From 2025, it will be forbidden to rent these properties, which will force the owners to carry out energy renovations. This measure aims to reduce the number of “thermal grids” in the French real estate stock.
The proposed real estate law sets new rules for tourist rentals, including Airbnb. Mayors in stressed areas could ban tourist rentals of accommodation classified F and G and impose quotas or changes of use for certain properties.
Collective and individual DPE: new obligations and real estate adjustments
From January 1, buildings with one owner and co-ownership with more than 200 plots will have to carry out a collective diagnosis of energy performance (DPE).. This change is part of an approach to better take into account the energy performance of buildings. In addition, the Ministry of Housing is working on revising the method of calculating individual DPEs for better suitability for small areas.
All these reforms herald a major turnaround in the real estate sector in France for 2024. They aim to promote energy renovations, adapt the market to the loss of autonomy and more effectively regulate loans and rental investments. These changes outline a more sustainable and affordable future for the French real estate market