Real estate: the government relaunches the zero-rate loan

Since a few months, Gamad Imad owns an apartment 80m2 in Nanterre (Hauts-de-Seine)A T4 at a price of 426,000 euros. To acquire it, he was able to benefit from a zero-interest loan of 110,000 euros. The interest on this loan is the responsibility of the State. As interest rates explode, this system benefits more and more first-time buyers. “That gives you a big boost. This allows you to have a saving of 30 to 40% on the cost of its investment”explains Nicolas Soedtmonddirector of the agency Cafpi in Courbevoie (Hauts-de-Seine).

New eligible households

This zero-rate credit system was to disappear next January 1st. However, with the rise in rates, the government has decided to extend the system until 2027. It will always be reserved for first-time buyers. The maximum loan amount will be increased. Another new feature is that the middle classes will also be eligible, i.e. 29 million tax households in total. 209 new cities, like Bordeaux (Gironde) or Dunkirk (North) will be affected. According to professionals, this measure goes in the right direction, but remains insufficient.