Rental investment: big fire sale among real estate developers before the end of Pinel

The Pinel rental investment system will be abolished on December 31, 2024. You still have a little time to take advantage of this tax advantage in new real estate, with discounts from developers.

Black Friday and its slashed prices on household appliances are not happening right away. The big one clearance sale on new apartmentson the other hand, it’s now! “Last apartments available in Pinel in Ambilly (Haute-Savoie), notary fees offered and 5,000 euros discount per piece”write Les Nouveaux Constructeurs in a post posted on LinkedIn. It is also via this social network that the promoter Groupe Lamotte appeals to individuals likely to be interested in a rental investment for tax exemption purposes, by offering 3,000 euros discount per piece for the purchase of apartments in Arpajon (Essonne).

Its competitor Cogedim launched on September 26, and until October 5, “Pinel meetings”by promising buyers of a studio a reimbursement of 100 euros per month for 48 months (four years), upon delivery of the goods. A sum which amounts to 200 euros per month for the purchase of a two-room apartment, 300 euros for a three-room apartment and 400 euros for a four-room apartment. Cogedim also offers a year of rental management with its internal manager, Altarea Gestion Immobilière. These offers concern 700 apartments throughout France.

A narrow shooting window to take advantage of Pinel

If Cogedim and its competitors have been launching such commercial campaigns for several days, it is to “remind individual investors that the window is narrow for individuals who wish to benefit from the Pinel/Pinel + tax advantage before its deletion as of December 31, 2024”explains to Capital Matthieu Mayer, general manager of this subsidiary of the developer Altarea. Created ten years ago, the Pinel rental investment system will in fact expire on December 31, 2024. For the record, it allows the purchaser of a new home to benefit from a reduction in their income tax if they agree to rent it for 6 years, 9 years or 12 years, at a price lower than that of the market, to people whose reference tax income does not exceed certain ceilings. For example, it is set at 41,855 euros for a single person and 62,555 euros for a couple in zone A.

The tax reduction represents 9% to 14% of the acquisition pricedepending on the rental period to which the investor commits. It is between 12% and 21% for Pinel +, which concerns housing meeting certain energy performance and comfort of use criteria. Only apartments, and not houses, are eligible for Pinel. They must also be located in tense zones A, A bis or B1, characterized by a demand for housing significantly higher than the supply.

A deed of sale to be signed by December 31

Let’s take the example of a two-room apartment sold for 153,000 euros by Cogedim in Tourcoing. Its buyer, who finances the operation with a loan, undertakes to rent it for nine years. He will thus benefit from a tax reduction corresponding to 12% of the purchase price, or 18,360 euros over nine years, or 174 euros per month. Added to this tax saving is 552 euros in monthly rent, according to the developer’s estimate. Based on a monthly loan repayment of 878 euros and 91 euros of rental charges per month, this investment therefore costs 243 euros per month to our buyer. A sum from which the 200 euros monthly reimbursement promised by Cogedim for 48 months should be subtracted. Its purchase in Pinel will therefore only cost the buyer 43 euros per month for four years. “This aims to reduce, or even absorb, the remaining monthly costs for the investor”underlines Matthieu Mayer.

Interested ? If investing in Pinel tempts you, don’t wait until December 31. “What will refer, for the eligibility of files to Pinel, will be the date of signature of the authentic deed of sale, which must take place before December 31, 2024. As it takes on average two months to obtain bank financing, interested people should not wait.specifies Matthieu Mayer. The manager does not, however, rule out the possibility of“a nice surprise” in the finance bill for 2025, which the government will present on October 9. As an extension of Pinel, demanded by the Federation of Real Estate Developers and the French Building Federation, among others.