For two years, the French real estate market has been experiencing a deep crisis caused by rising prices and difficulties in obtaining loans.In response to this situation, Prime Minister Francois Bayrou presented a number of measures aimed at revitalizing this crucial sector of the national economy.
These proposals, which focus on tax incentives, enhanced support for construction, and regulatory adjustments, aim to address current challenges while taking into account social and environmental aspects.Although these initiatives give hope for recovery, they also raise many questions about the effectiveness of their implementation.
In his keynote speech, Francois Bayrou presented a number of strategic measures to revitalize the declining real estate market.Among them is the creation of 15,000 student dormitories per year for three years.
To increase housing affordability, the government also announced the expansion of the interest-free Loans (PTZ) program.This measure is aimed at attracting more first-time buyers, with a particular focus on rural areas, which are often overlooked.In addition, financial incentives will be offered to mayors to promote the smooth urbanization of the regions.In addition to measures aimed at reviving the real estate market, Francois Bayrou also mentioned a possible increase in notary fees.This proposal, which was immediately criticized by industry professionals, is seen as a potential obstacle to transactions.According to a representative of the National Federation of Real Estate, "this decision contradicts the stated goal of revitalizing the market."With interest rates continuing to rise, this measure may exacerbate difficulties in accessing credit for many families.
On the other hand, the exemption from inheritance tax when buying a new home can be an important lever to stimulate construction.This initiative aims to increase demand in a critical market segment by providing opportunities for first-time buyers.
Source: Cointribune
