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The government unveils, Monday, June 5, its measures to fight against the housing crisis in France. One of the government’s key measures is to focus on extending the zero-rate loan. The point with Olivier Poncelet, on the set of 12/13.
Several measures are expected, Monday, June 5, to respond to the difficulties of individuals to rent property, but also to buy it. In particular, the government wishes to extend the zero-rate loan until 2027. “This is good news for those who want to buy their first home as a main residence. They were 65,000 last year to have access to it. In principle, the zero-interest loan should have ended on December 31 of this year”explains Olivier Poncelet.
The device will only be “accessible only for the purchase of a new apartment in a tight area, where demand is highest, or for the purchase of an old home in a so-called relaxed area, if renovation work is carried out“, continues the journalist.
Home sales down 34% since January 2023
These new conditions are added to the old ones. Obtaining a zero interest loan is not granted to everyone. “As it is a question of helping the French to access the property, this device focuses on households with modest or intermediate incomes, it is therefore reserved subject to means testing.says Olivier Poncelet.
The measure is extended in the face of the housing crisis in France. “Prices have peaked, borrowing rates have swelled. Result : the French no longer buy. Sales of multi-family homes have collapsed 34% since the start of the year“, concludes the journalist on the set of 12/13.