Le Mans declared in a tense zone: the hopes of real estate professionals - France Bleu - Le Mans declared in a tense zone: the hopes of real estate professionals

For real estate professionals, it's a bright streak amidst months of dark experiences. The City of Le Mans' classification into the "stressed area" category indicates that the supply of residential units is currently insufficient to meet demand. With interest rates already exceeding 4%, more difficult conditions for accessing credit, higher material prices, inflation, and reduced purchasing power, real estate is in crisis. The government is also announcing new measures for interest-free loans, but this move by the city of Le Mans into the "stressed zone" raises some hopes among real estate professionals.

The return of Pinel's Law to Le Mans

This' 'The program will be accompanied by the Pinel law, which has not been in place in Le Mans for several years. By the end of 2024, investors who buy rental housing will have a tax break. That should interest a lot of people. "At least it will allow projects that have been on the slow track to move forward," says Stéphane Galibert, a real estate developer in Le Mans, "because we will have a lot more potential buyers." Stéphane Galibert, a real estate developer in Le Mans, is excited about the Pinel law, which will make it easier to find investors.

But none of this will happen all at once.

Financing for social housing

Social housing should also benefit from the city of Le Mans moving to the 'stressed area' category, says developer Stéphane Galibert. "Social landlords will be able to discover more funding and grants, and the need in Le Mans is very great. We went from 4,000 applications to over 9,000 applications in a few months." The same goes for intermediate housing with regulated rents that are below market rents for working people who don't have access to social housing. But all this is only in the city of Le Mans!"

Read also:Le Mans is becoming' ' A 'stressed zone' for real estate: what it will change