Chic, elegant, sophisticated but also young, vibrant, and colorful, Nice is a large modern city whose history has endowed it with many neighborhoods rich in character. In this particular period of uncertainty, where the real estate market experiences ups and downs with prices that have never been so abnormal, there are positive signs in the field of rental investment in Nice. Due to high real estate prices and the lack of dynamism in the job market, there is real hope in Nice thanks to the Pinel law for rental demand.
What are the benefits of the Pinel Law?
With the Pinel scheme, it is possible to increase one’s income by paying less in taxes. Indeed, one can significantly reduce taxes over 6, 9, or 12 years to benefit from a tax reduction of 12%, 18%, or 21% of the real estate investment, respectively, which can amount to up to 63,000 euros in savings. The city of Nice is one of the 5 most populated urban areas in France and offers great opportunities for those who wish to invest in rental properties.
What is the purpose of the Pinel system?
The objective of the Pinel law is to promote the construction sector, but also to create rental real estate offers where demand is high. Only apartments and new houses eligible for the Pinel law can benefit from this scheme.
What are the differences between the 2020 Pinel law and those of Duflot and Scellier?
Under certain conditions, thanks to the Pinel system, investors now have the possibility to rent the new apartment to family members, which was not allowed with a Duflot or Scellier investment. The areas of intervention are better defined, more precise, compared to the previous laws, and have been expanded compared to Duflot. Additionally, with the Pinel system, a maximum tax reduction of 21% was achieved, about 3% higher than Duflot and 8% higher than the Scellier scheme.
For more information on the Pinel law in Nice, please refer to the following link:
https://www.selexium.com/loi-pinel/ou-investir-pinel/nice/
