He will be 10 years old next year and yet remains little known among those seeking property ownership. “He” is the joint real lease (BRS), a mechanism launched in 2016 and based on dissociation of building ownership from land ownershipwhich allows you to buy housing approximately 30% cheaper than the marketaccording to the promoter Groupe Gambetta. Concretely, you only buy the accommodation, not the land on which it is built. You become a tenant of this land with a solidarity land organization approved by the State, to which you pay a monthly fee of between 1 and 4 euros per square meter, for 18 to 99 years.
In order to develop this tool which they consider promising, while the prices of new and old housing have increased by almost 30% over the last 10 years according to INSEE, several deputies, from different political parties, had tabled amendments to the finance bill for 2026 expanding the zero interest loan (PTZ) to the joint real lease.
PTZ: good news for first-time buyers, MPs are making it more flexible in the 2026 budget
Risk of resale of BRS to wealthier buyers
More precisely, whether it is theamendment of Mickaël Cosson (Democrats), that of Stéphane Peu (Democratic and Republican Left) or that of Inaki Echaniz (Socialists), all propose that successive purchasers of housing in BRS can buy it while benefiting from the PTZ, while this currently only benefits the first buyer. “We are in 2025, that is to say 9 years after the launch of the first BRS. Some of these homes will therefore soon arrive on the market, thanks to their resale by the very first buyers.explains Mickaël Cosson.
However, buyers of these resold homes will not be entitled to PTZ. “The risk is that these goods will be bought by people who have (more) means” than first-time buyers, underlines MP Salvatore Castiglione (Democrats), who supports his colleagues’ amendments. “Gradually, BRS will be sold to increasingly wealthy profileseven though the objective is to promote social access!”he worries.
Amendments adopted against the opinion of the general rapporteur
“Excluding successive buyers of housing in BRS from the benefit of the PTZ creates a risk of blocking this market”insists Mickaël Cosson. Another argument from the MP, and not the least at a time when the government is seeking to save some 30 billion euros, extending the PTZ to successive buyers of housing in BRS would cost “less than a million euros per year”.
Not convinced, the general rapporteur of the budget to the Assembly, Philippe Juvin, expressed an unfavorable opinion on the amendments, deeming it more useful to look at “the question of resource ceilings» to be respected when purchasing in BRS, which restrict the development of the device. The amendments were nevertheless adopted by the National Assembly. This does not prejudge their retention in the final version of the 2026 budget.
