France’s market for new properties experienced a complicated year in 2023 with a decline in sales of almost 40%. Rising interest rates and higher prices for materials, fewer building permits and new environmental norms paralyzed the market for several quarters. As a result, the stock of properties for sale is now significant. Numerous developers have consequently set up an array of proposals to attract buyers: no notary’s fees, direct reductions on sales prices, and this, the most frequently for developments with fast delivery dates. In parallel, the government has maintained its support schemes: a new PTZ and reduced VAT for permanent homes, Loi Pinel + LMNP status for investors. The rise in mortgage rates has thus been partly set off by lower prices.

The next two years thus offer an opportunity, for those capable of it, to target properties of quality, deliverable quickly and at the best price. In certain towns, prices for new properties are even getting closer to those for old properties (notary’s fees included). Numerous developments, including those in zones where offerings are limited, thus benefit from offers and reductions presenting real opportunities for buyers.

For rental investors, the Pinel scheme and its new version, Pinel+, are still in place, offering the main advantage of granting tax reductions, provided that the investor commits to leasing the property for 6, 9 or 12 years. It is thus a good way of building a stable, long-term asset base which will, in most cases, increase in value, being located, de facto, in a tight area.

If you would like to discover all our opportunities, consult www.vaneauneuf.fr, our 100% new property website, where you will find over 600 development programmes in the Île-de-France. Our Vaneau Neuf consultants are also at your disposal to provide assistance in your plans for acquisition or Pinel investment.