Property Abroad
Blog
Le Mans goes into real estate tenure: what will it change - France Bleu

Le Mans goes into real estate tenure: what will it change - France Bleu

Le Mans goes into real estate tenure: what will it change - France Bleu

Supply is insufficient to meet demand, and real estate prices have risen significantly since the sanitation crisis: today Le Mans (Sarthe) is on the list of cities in the "stressed zone" for real estate, along with more than 150 other cities.

The Sarthe capital moves to the A level, which is the second most important level (for example, Paris is at A bis level), according to a decree signed by the Minister of Housing, Patrice Vergriet, and the Minister of Public Accounts, Thomas Cazenave. "Great news," welcomes the mayor of Le Mans in a statement, explaining the benefits this classification will bring. Stéphane Le Foll also notes that there will be no request for rent regulation.

What's going to change?

With the move to a stressed area, the notice period for unoccupied housing is reduced to 1 month. Entry into the program has many other consequences: increased assistance and rent increases "which alleviates the financial equilibrium of new HCC residential buildings affected by rising construction costs and loan interest rates", the eligibility of private programs to participate in the Pinel program as long as it exists (currently until December 31, 2024), an increase in income levels to qualify for zero-interest or PTZ+ loans and the share of the loan in the cost of acquisition or construction.

Recommended real estate
Buy in France for 8700000€

Sale flat in Cannes 9 425 000,00 $

4 Bedrooms

4 Bathrooms

184 м²

Buy in France for 862322£

Sale flat in Biarritz 1 122 815,00 $

3 Bedrooms

1 Bathroom

99 м²

Buy in France for 5800000€

Sale villa in St. Jean-Cap-Ferrat 6 283 333,00 $

5 Bedrooms

300 м²

Rent in France for 20000€

Rent villa in Antibes 21 666,00 $

6 Bedrooms

6 Bathrooms

250 м²

Buy in France for 1080963£

Sale flat in Le Canne 1 407 503,00 $

4 Bedrooms

110 м²

Buy in France for 2995000€

Sale villa in Le Canne 3 244 583,00 $

7 Bedrooms

7 Bathrooms

380 м²

This share increases from 20% to 40%, "which in a high interest rate environment represents a significant advantage for the middle class".

Rent regulation In theory, Le Mans could request rent regulation, thanks to this classification in a stressed area. Such a program is only implemented if the city makes a request to the government and the government agrees - which is not automatic, Grenoble recently had its request denied. According to Stéphane Le Foll, in any case in Le Mans such a request is unreasonable, given the level of rents in the city.

Comment