Pierre Laurent, president of the FNAIM Côte d’Azur, reacts strongly (“Stop the deadly reforms!”) on behalf of the 700 real estate professionals who are members of the FNAIM Côte d’Azur, to the announcement of the contemplated abolition of the zero-interest loan, as part of the austerity plan V2.
The topic is very timely given the importance of housing in the lives of people and families, and its impact on the so-called family economy budget.
To complete the overview, we publish a note from the Center for Strategic Analysis that illustrates well the current situation of the real estate market, be it rental or property.
Continuing on: “After the announcement by the Prime Minister on August 24 of a reform of capital gains tax on rental investment and secondary residences, today the owner-occupied housing market is severely affected by the announced abolition of the PTZ in older properties, despite assurances that it would be maintained. Once again, promises have not been kept.
The consequences of this measure will be felt as of January 1, 2012, with a very noticeable slowdown in activity, with dramatic consequences:
- on employment in real estate professional companies;
- on local government revenues;
- on employee mobility;
- on the most vulnerable families who will be excluded from the homeownership market.
As a reminder, it was the PTZ+ that supported market activity in 2011, allowing 300,000 of the most modest households to become homeowners.
In the Alpes-Maritimes, during the first half of 2011, of the 6,000 sales made, 2,500 were thanks to the zero-interest loan.
This measure is very serious because it will impact a fundamental issue, which is housing and homeownership; France is facing a severe housing shortage, and with these measures, it is heading towards a country of poorly housed or even homeless people. The abolition of the zero-interest loan moves us definitively away from the goal of a France of homeowners as envisioned by the President of the Republic.
The FNAIM calls on the Government’s responsibility not to sacrifice two-thirds of the old real estate market on the altar of austerity.”
