The Finance Act provisions regarding the housing plan have deterred investors and homeowners, also discouraging many prospective buyers during the final quarter of the year.
That said, despite some adjustments, the provisions designed to encourage real estate investment remain in place.
2018 is therefore not looking so drastic if you wish to buy a house in Brittany!
Main incentive schemes maintained
The Pinel Law and zero-interest loans (PTZ) for households are maintained, although they are now focused on so-called high-demand areas, where housing demand exceeds supply. These are commendable decisions, as they will continue to encourage ongoing and future construction projects.
Real estate remains a preferred asset investment
Whether as a primary or secondary residence, buy-to-let investments, or financial products offered by investment funds, there are many different ways to make real estate a key part of one’s wealth management.
And the new Finance Act does not seem to challenge the claim that real estate remains the favorite investment of the French.
Interest rates remain attractive
Interest rates offered by banks are not expected to rise significantly, giving investors the opportunity to invest under favorable conditions. Furthermore, competition between banking institutions provides prospective buyers with the opportunity to benefit from advantageous borrowing terms.
The dynamism of the Brittany region
The real estate market in Brittany remains attractive to investors and meets many objectives, both on the coast and inland: purchasing a house as a primary or secondary residence, or investing in rental properties or serviced residences.
Whether for existing or new builds, the average price per square meter remains more attractive compared to the Paris region, and the strong development of inter-regional and national transport links reinforces the region’s assets.
Are you planning to buy a house? BPS, a real estate agency in Morbihan, supports you throughout your search and the necessary procedures.
