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– The PTZ – a complementary loan to a traditional real estate loan – can represent the contribution that so many first-time buyers are lacking in the eyes of the banks. the PTZ – a complementary loan to a traditional real estate loan – can represent the contribution that so many first-time buyers are lacking in the eyes of the banks.
Good news for first-time buyersmany more of them should benefit from the zero-interest loan (PTZ) from next year. Saturday October 26, the National Assembly adopted several amendments to the finance bill for 2025 which broaden the target of the PTZ. Since the beginning of 2024, this interest-free loanreserved for the purchase of a first main residence, only finances the acquisition of new apartments in tense areas, characterized by a demand for housing much higher than the supply. Individual homes are no longer eligible. In relaxed areas, the PTZ only finances the purchase of old housing whose buyers undertake to carry out renovation work representing at least 25% of the real estate transaction.
However, with credit rates remaining above 3%, the PTZ – a complementary loan to a traditional real estate loan – can represent the contribution that so many first-time buyers are lacking in the eyes of the banks. “While the housing market is experiencing significant difficulties in many areas of the national territory, it appears urgent to create a shock of confidence to restart transactions and construction”believes Horizons MP François Jolivet, in the explanatory statement of his amendment 2080. This extends PTZ to the entire French territory, beyond just tense areas. It also extends it to the purchase of individual housesas well as acquisitions in the oldsubject to a commitment to renovation work.
PTZ: houses eligible again in 2025 but at a disadvantage compared to apartments
The PTZ in the old, a cost of 3 billion euros
The socialist deputy Inaki Echaniz went further, with an amendment – also adopted – which extends the zero-interest loan to all purchases of old housing, with or without renovation work. But this amendment from the deputy for Pyrénées-Atlantiques “represents a cost of more than 3 billion euros for public finances, compared to only 200 million for that of Mr. Jolivet”growled Budget Minister Laurent Saint-Martin. The opportunity to remember that it is “minister of public accounts and that (s)our objective is to straighten them out”.
He therefore intends to expand the PTZ “reasonably, in accordance with the Prime Minister's commitmentwhich is to reconcile the desire to encourage accession (to property) and the need to control public accounts.. This is why Laurent Saint-Martin wishes to limit the PTZ in old properties to the purchase of housing undergoing renovation. If the government decides to do without the vote of parliamentarians for the PLF 2025, by resorting to article 49.3 of the Constitution, there is no doubt that it is the amendment of François Jolivetand not that of Inaki Echaniz, which will appear on the list of amendments retained.
