PTZ and Pinel renewed, new bonds for buildings and condominiums or the management of rents in Lille, the changes in the world of real estate coming in 2017 are numerous.
The year 2017 promises to be rich in novelties, and this also applies to real estate. If we can not predict with certainty when the mortgage rates will finally know their ascent as advertised or how prices will evolve over the year, it is possible to take stock of the measures that will come into force the next year.
The extension of the “real estate”
Change in continuity. Or, conversely, it’s up to you. The zero-rate loan, or PTZ, will be extended over the year 2017, with the same conditions as those in force in 2016. It will therefore be able to borrow up to 40% of The sum necessary for the purchase of a new property or requiring a major renovation. Above all, the possibility of shifting the start of repayment over several years should probably always appeal to borrowers.
The Pinel will also be renewed until December 31, 2017, remains to be seen under what conditions … At present, it allows to deduct from its taxes a part of the sum invested in the purchase of a real estate Intended to be leased for at least 6 years. The amount of the reduction depends on the investment period, which corresponds to the duration of rental: 12, 18 and 21% reduction for 6, 9 and 12 years.
For its part, the Censi Boulevard, for the part “tourist residence”, will see its advantages restricted to the reduction of tax on the work of energy renovation of the building. The owners will be able to deduct 20% of the amount of work, up to a limit of 22.000 euros per dwelling.
The Alur Law has not said its last word
The law for access to housing and a renewed town planning (Alur), promulgated on 24 March 2014 is still source of new measures, the decrees of applications of certain aspects putting some time to be published …
The conditions for the establishment of an overall technical diagnosis (DTG) of a condominium building will thus change as of January 1, 2017. So far mandatory for buildings over 15 years old, it is extended to all Buildings that have been constructed for more than 10 years at the time the owner decides to convert the property into joint ownership, ie sell it in whole or in part by dividing it into lots. Buildings that are the subject of an unsanitary procedure will also have to be submitted to this DTG, whatever their date of construction. This diagnosis includes a certain number of analysis and measurements, on the walls, the roof, the common parts, etc. From 1 January onwards, an energy audit, a statement of the trustee’s legal situation and an assessment of the necessary work and costs will be added.
As from January 1, the syndicates of co-owners will also have to set up a compulsory labor fund in order to avoid placing the trustees in a situation where they have to advance the cost of the work. Condominiums whose DTG proves that they do not need work in the next ten years may escape the establishment of this fund.
A key measure of the Alur law, rent regulation, will be set up at Lille in the month of February 2017 . Established in Paris since August 2015, the rents framework puts a first step in the Province, but no other cities are on the program. The digital platform launched by the government in July to check if your rent is consistent with the regulation has already put on the page.
If you wish to build or renovate a dwelling, you must use an architect with a diploma recognized by the State if the area concerned exceeds 150 square meters. This measure comes into force on March 1, 2017. Currently, the threshold is set at 170 square meters.
In order to combat vacant housing, the government announced in early December a tax incentive for homeowners. Thus, those who put their unoccupied dwellings in rent with a decent rent will be able to benefit from a tax exemption, from 15 to 85% of the amount of rents collected.