After the summer break, the housing sector is worried: where is the status of the private investor? The fear that the Ministry of the Economy, despite the Prime Minister’s arbitration, would compromise the measure or empty of part of its power in tapping a lot. Journalists are making every effort to find out if the project is undergoing its course and will be included in the finance bill for 2026. The issues are considerable: certainly the revival of the investment in the new as in the old one, and the satisfaction of household rental housing needs, but also the restart of collective construction, whose investors ensure the excluded pre -marks of banks. We cannot deny the risk that Bercy does not want to reduce the planned depreciation rates, on the grounds that the device has too high in the context of forced reduction in the public deficit. In addition, it would be wrong to forget the risks of distortion or deletion of the provision during the passage to Parliament … But then, beyond the determination of professional organizations and especially the minister, beyond the personal commitment of François Bayrou, what can guarantee the success of the project?
Against all expectations, the employers can carry the estocade and ensure the legislative success of rental amortization. The coming week will be decisive in this regard, with the ref (meeting of entrepreneurs from France), the great rally organized by Medef, this year at Roland Garros. The other representative organizations are not less counting in what will happen, the CPME or the U2P and the UNAPL. What message of conviction can they express, to which the Bercy pole, which has the responsibility of the economic activity and the sovereignty of the country, is sensitive to the highest point? The problem between employment and accommodation. It is more and more painful and it is by the affordable rental offer that it can be resolved by priority, even if ownership is also an answer. Moreover, what was to be done for ownership of ownership was done, by the public authorities in part -the extended PTZ in the budget for 2025-, by the market for other part -with the settlement of the interest rates of real estate loans and a banking strategy of distribution again. The development of the rental offer and consequently the seduction of households so that they place in residential rental real estate their capacity for savings and debt, that is the main thing today and for the coming years.
The private investor, the cornerstone of the housing offer
Admittedly, HLM organizations must also deploy their park, but in fact the cornerstone is the private investor: without it, which allows a rate of pre -commercialization likely to reassure the banker finance of the program, no promoter or almost is able to revive projects. However, private promoters produce more than half of the HLMs that are built. Clearly, without tax depreciation, a sustainable and legible system recognizing that the lessor is a supplier entrepreneur of a housing service, more construction. No more purchase of existing housing requiring energy renovation work, without the possibility of amortizing this work. The project to give the investor natural person the ability to absorb his investment over a long time, twenty years in this case in the government’s project, is central. Voting it in the next initial finance bill for 2026 is playing set and match, to spin the metaphor inspired by the choice of the place of the ref this year.
If Bercy was not sensitive enough to the other contributions of the status of the private investor, in terms of creating or safeguarding jobs in the building sector, it will be highly sensitive to the need to lift the brake posed on the wheel of economic expansion by the asthenia of the rental offer. Patrick Martin, Amir Réza-Tofighi, Michel Pichon and Christophe without more powerful than the Alliance for Housing and the Presidents gathered by its members? Yes, undoubtedly for the cause of the status of the private lessor. This means that the French, bosses, employees and independent, await them on this subject and would not accept that they do not give voice, singularly to the ears of Eric Lombard, Minister of the Economy, Finance and Industrial and Digital Sovereignty of France, and the ministers of its government center.
