The braking was brutal. In 2022, with the rise in interest rates and difficulties in accessing credit, investors have abandoned the real estate market. “Rental investment represented between 25% and 30% of purchases before 2022, and currently we are below 20%”, observes Yann Jéhanno, president of the Laforêt agency network.
Real estate professionals also blame constraints that pile up on and discourage landlords, such as rent controls in some big cities, that reduce profitability. This is also the case with the planned withdrawal from the rental market of energy-intensive housing. The rents of homes F and G have been frozen since August 24, 2022 and, since August 1Ahem In January 2023, homes that consume the most energy (more than 450 kilowatt hours per square meter per year, sometimes called “G+”) are no longer considered decent.
From January 2025, apartments or houses classified G will no longer be able to be rented, then it will be the turn of the F labels in 2028, before homes classified E in 2034. In its general policy statement, 1Ahem In October, Prime Minister Michel Barnier, however, suggested that he planned to adapt the established calendar.
Furthermore, the end of the Pinel rental investment scheme, which offered a tax advantage in exchange for affordable rent and a long rental period, encouraged investors to abandon new properties, while in the best years of the Duflot-Pinel framework , one in two new The home was sold with a view to renting it.
Choose your co-ownership wisely
However, not everything is negative for the owners: “Rental demand has never been stronger and, mechanically, rents have increased, except in cities where they are regulated”recalls Souheil Yansi, co-founder of Secrets de l’immo, real estate investment advice. It takes an average of a week to find a tenant, four days less than a few years ago. And rents increased dramatically between 2018 and 2023 in certain sectors that were not very tense, such as Charente-Maritime, Saône-et-Loire or Lot-et-Garonne, where the increase was 21% in 2023, according to the Clameur rental observatory . .
In some larger cities, such as Rouen (+9%), Brest (+7%) or Metz (+6%), the increase was also marked. “The shortage of rentals, which was previously limited to large cities, is now widespread and even slows down hiring, since it is very difficult to find accommodation where work has been found”Yannick Borde regrets the situation as mayor of Saint-Berthevin (Mayenne). This way, owners can start work without fear of vacant rentals. “We can count on a net profitability of around 3% to 5% annually if we make a well-chosen rental investment”announces Pierre-Emmanuel Jus, deputy director of Maslow.immo, specialist in rental investments.
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