Loan at zero rate, notary fees, taxation … what the 2025 budget changes for real estate investors

After the National Assembly, the Senate definitively adopted the finance bill for 2025 this Thursday. A text that includes several new features for real estate buyers, which they intend to be owners occupying or rental investors.

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The finance bill for 2025 (PLF), which includes several important measures for real estate investorsis finally adopted by Parliament, after the censorship of the Barnier government interrupted its exam for several weeks. After the deputies, the senators spoke in favor of the text this Thursday, February 6, in the last reading. In terms of real estate investment, here are the main measures of this PLF, which should still be validated by the Constitutional Council for the initial finance law for 2025 to be promulgated. Expanding zero -rate loan (PTZ), first. Since April 2024, the PTZ, reserved for first-year-olds subject to resources, made it possible to finance only the acquisition of new apartments in tense areas, where the demand for housing is much higher than the offer.

The finance bill Expands the PTZ to the whole territory, also to relaxed areas, therefore, and to new individual houses, until the end of 2027. But without changing anything in the old one, where the eligibility for this loan remains conditioned on carrying out substantial energy renovation work. This extension of the PTZ “Will come into force two months after the promulgation of the finance law, in order to give time to banks (which distribute it) to organize”specifies the Ministry of Housing. Adding that the daily newspapers of the PTZ, that is to say the maximum share of the real estate purchase that this loan can finance, depending on the composition of the home, its income and the geographic area where the property is bought ,,“Will be set by decree”.

Exempted tax donations for the purchase of accommodation

Still in terms of real estate purchase, the finance law project exempts transfer rights free of charge money given by parents and grandparents To their children and grandchildren to finance the purchase of new accommodation, used as principal residence by the buyer himself or by a tenant. The exemption will apply in the limit of 100,000 euros per donor and 300,000 euros per donor (The one who receives) and will run until the end of 2026.

In contrast to these two measures favorable to buyers, the PLF allows local communities who wish to increase the transfer duties for consideration (DMTO), improperly called by 0.5 points, improperly called notary fees,, for three years. Communities will however be able to decide to reduce this increase in DMTOs for first-time buyers, or even to exempt them completely.

Furnished rental: Deletion of a tax niche

In terms of rental investment, the finance bill increases taxation to resale for the Non -professional furnished rental (LMNP), by integrating accounting depreciation, that is to say the loss of annual value of the property, in the calculation of the added value of transfer. This will increase the amount of added value and, therefore, the tax to be paid on it. But establishments for the elderly or disabled, senior residences and student residences are excluded from the scope of this measure.

Finally, the PLF fixes the budget of Maprimerenov ‘ at 2.3 billion euros, “Without decrease in relation to text (from the finance bill) tabled in October 2024»» By the Barnier government, underlines the Ministry of Housing. An amount which however represents a drop of almost a billion euros compared to 2024. And the finance law confirms that the parameters of the main aid to the energy renovation of private housing will not change in 2025: “”Households can make major renovations such as work mono-gestures»»provides the Ministry of Housing.