Day D or D minus one for the creation of a real tax status of the rental investor. According to a parliamentary source, it is this Thursday, November 13, or tomorrow, Friday, November 14, that the amendments to draft budget for 2026 aimed at creating this famous status of the private lessordemanded for 10 years by the owners’ associations, could be examined by the National Assembly in public session.
“If this status is created, it will work (to revive rental investment), otherwise, it will not work… We must stop crazy taxes on real estate investmentwe must stop putting him at a disadvantage!”warns Pascal Boulanger, president of the Federation of Real Estate Developers (FPI), this Thursday, during his quarterly economic update. In fact, since the elimination of the Pinel tax advantage on January 1, sales of new homes to individual investors plunged by almost 50%. Investors without whom developers have difficulty launching their construction programs.
New real estate: no more Pinel, (almost) no more rental investors in France!
“A 2% depreciation will have no effect”
Attention, “we need a powerful lessor statute, not a sticking plaster!”warns Pascal Boulanger. An allusion to the government’s amendment, which would allow, for any rental investment in new properties made from January 1, 2026, to deduct 2% of the value of the property from rent each year, according to the depreciation mechanism. “2%, it will have no effect” on the suitors for rental investment, warns the boss of the FPI. The federation “will only be happy, content, satisfied with something like the Daubresse-Cosson parliamentary report”, he specifies. A report which recommends a rate ofdepreciation of 5% in new buildings and 4% in old buildings with works, as well as a cap of 40,000 euros per year on the land deficit (when your charges exceed your rental income) deductible from the overall income of lessors, compared to 10,700 euros currently.
Tax status of the rental investor: the Minister of Housing wants “an electric shock to invest in real estate”
A tax status that must be sustainable
Pascal Boulanger therefore urges the Minister of Housing, Vincent Jeanbrun, to “not to have your arm twisted by Bercy»obviously in favor of the government’s minimalist amendment, due to very degraded public finances. “Has the government become aware of our figures (of housing sales to rental investors)?”scolds the president of the FPI. While recognizing that “parliamentarians have become aware of this”.
Several MPs from all sides have in fact tabled amendments proposing depreciation rates halfway between the government copy and that of the Daubresse-Cosson report. Report which highlights that “everyone would be a winner, even Bercy, with more than 1.5 billion euros in net tax revenue per year”recalls Pascal Boulanger. And to add that if this tax status of the rental investor is created, “it must be durableyou won’t have to change it every 2 years!”. The finance bill for 2026 still needs to be adopted by Parliament.
