New Real Estate in France
Michaël Zingraf Real Estate, a specialist in luxury real estate in France and internationally since 1977, offers you the expertise and know-how of its employees in this particular sector of the real estate market with its agency specializing in new builds program. For your high-end new real estate purchase or investment needs, do not hesitate to contact us. In the meantime, we will provide you with essential information to better understand this market.
1. Key Figures
New Builds in France is a constantly evolving sector. In recent years, the attractiveness of low interest rates and tax incentives have encouraged investment in this segment of the real estate market.
In 2019, before the health crisis, approximately 400,000 new homes were sold in France. The prices of new homes have steadily increased, with disparities depending on the regions. For example, the Île-de-France and some major regional cities such as Lyon, Bordeaux, or Nice, have significantly higher prices than the national average.
2. Major Players in the Sector
Many real estate developers play a major role in the French new real estate landscape. Here are some of the most notable brands:
- Bouygues Immobilier: Part of the Bouygues group, it is one of the leaders in real estate development in France and Europe.
- Nexity: The leading integrated player in the real estate industry in France.
- Icade: Specialized in the construction of offices, housing, and business parks.
- Kaufman & Broad: A major player in the construction of new homes, individual houses, and offices.
3. Regulations and Specific Incentives for New Real Estate
Several legislative and fiscal measures aim to support the new real estate market in France:
- Reduced notary fees: For the purchase of a new home, notary fees are generally lower than for older properties. They represent approximately 2% to 3% of the sale price, compared to 7% to 8% for older properties.
- Pinel scheme: A tax reduction law that allows investors to purchase a new property for rental purposes, benefiting from an income tax reduction, provided certain rent and tenant income ceilings are met.
- PTZ (Zero Rate Loan): This is an interest-free loan intended for first-time buyers for the purchase of a new property (or an old property with renovations). It is granted based on income conditions and depends on the geographical area of the property.
- Reduced VAT: In certain areas known as "ANRU" (urban renovation zones), it is possible to benefit from a reduced VAT rate (5.5% instead of 20%) when purchasing a new property.
New Builds in France is a dynamic and promising sector, encouraged by various incentive measures. It meets the need for high-quality new housing and addresses significant economic and environmental challenges. It is essential for investors and future homeowners to stay informed about regulatory developments and market opportunities in order to make the best decisions.
New Builds with Michaël Zingraf Real Estate
Michaël Zingraf Real Estate is a reference in luxury real estate in France and internationally. The Group, originally specialized in exceptional properties, now extends its expertise to new homes. Michaël Zingraf Real Estate offers a range of services associated with this segment, including investment advice, support for development projects, and connections with renowned architects and interior designers. Thanks to its extensive network and in-depth knowledge of the market, Michaël Zingraf Real Estate ensures its clients a sustainable and profitable investment, while benefiting from the latest trends in design and construction. The Group's approach, combining prestige and modernity, redefines the standards of high-end new real estate in France.