Real estate: what will change from 1 January 2022
Real estate: what will change from 1 January 2022
New housing: implementation of the new RE 2020 (RT2020)
Initially scheduled for 1 January 2021, the new RE2020 environmental regulation will finally come into force on 1 January 2022. It will apply to public buildings but also to new residential constructions such as apartments and houses. The RE2020 has three main objectives : to prioritise energy sobriety and energy decarbonisation, to reduce the climate impact of new buildings (target of -30% emissions by 2031) and to guarantee comfort in the event of high heat, as heat waves are expected to become more frequent and intense in the future. Several milestones are planned to achieve these goals : 2025, 2028 and 2031.
Construction professionals already estimate thatRE2020 will generate an additional construction cost of between 6% and 13% from 2022, depending in particular on the heating and domestic water production solutions chosen. As a result, the sale prices of new homes are expected to rise further...
Tightening of the conditions for granting a mortgage
The conditions for granting a mortgage recommended in 2019 by the High Council for Financial Stability (HCSF) will become mandatory on 1 January 2022. This new regulation contains two conditions that banks will have to comply with in order to grant a mortgage : a maximum debt ratio of 35% and a maximum loan term of 25 years, except in the case of the purchase of a new home, which is possible up to 27 years. Importantly , banks must now include the cost of creditor insurance in the calculation of the debt ratio of future buyers.
Banks have the option of derogating from these rules for 20 % of loans granted, giving priority to households wishing to buy a primary residence (for at least 80 % of the derogation) and first-time buyers (for at least 30 %).
Banks have the option of derogating from these rules for 20 % of loans granted, giving priority to households wishing to buy a primary residence (for at least 80 % of the derogation) and first-time buyers (for at least 30 %).
Dematerialization of urban planning authorizations
From 1 January 2022, all municipalities must be able to receive permit applications electronically. This applies to building, development and demolition permits, prior declarations of works, prior declarations of subdivision, declarations of intention to alienate and urban planning certificates. The following are excluded : building permits for establishments open to the public, work permits as well as prior authorizations and declarations for the installation of advertising devices.
Municipalities with more than 3,500 inhabitants will also have to set up a specific online procedure to ensure their instruction by electronic means (dedicated email address, contact form, specific online service, etc.)
Municipalities with more than 3,500 inhabitants will also have to set up a specific online procedure to ensure their instruction by electronic means (dedicated email address, contact form, specific online service, etc.)
Home Renovation
The new public service France Renov' will, from 1 January 2022, be the single point of entry for all work routes. The france-renov.gouv.fr website, including a directory of qualified RGE (Recognised Environmental Guardian) craftsmen and a simulation tool to identify available financial aid, will bring together all the useful information about the energy renovation of your home. In addition, the scale of MaPrimeRénov aid is maintained and the government plans to devote €2 billion to it in 2022.
Trustees: simplified information to better compare them
For owners of condominiums, it will be easier for property managers to compete and compare their offers because they will have to produce a standardised information sheet summarizing the prices and services offered from 1 January. This document will be in addition to the trustee contract. It will provide summarized and more readable information, thus facilitating competition with other trustee contracts. Professional trustees will have to comply with this obligation from 1 January 2022, failing which they will be liable to a fine of up to €3,000 for a natural person and up to €15,000 for a legal person.
Increase in local taxes
Bad news for homeowners : property tax is expected to increase in October 2022. The basis for calculating the latter, which is equal to half of the cadastral rental value, is updated in line with inflation. As this has increased to 2.8% at the end of November 2021, the 2022 property tax will be impacted. INSEE already estimates that this increase will be in the order of +3.4%.
This flat-rate revaluation of rental values also applies to the household waste collection tax and the housing tax on second homes.
Regarding the housing tax on primary residences, however, this revaluation of rental values will no longer be applied until it is definitively abolished in 2023.
This flat-rate revaluation of rental values also applies to the household waste collection tax and the housing tax on second homes.
Regarding the housing tax on primary residences, however, this revaluation of rental values will no longer be applied until it is definitively abolished in 2023.
Pinel : extended until the end of 2022, under the same conditions as in 2021
Enjoying the benefits of the Pinel law through investments in rental property is still possible in 2022. However, the tax benefits will gradually decrease until it is theoretically abolished in 2024. 2022 will therefore be the last year to benefit from full tax reductions, i.e. 12%, 18% and 21% for lease commitments of 6, 9 and 12 years respectively. After 2022, the rates of the Pinel scheme will increase to 10.5%, 15 and 17.5% for similar rental commitment periods. In 2024, the reduction rates will fall again to 9%, 12% and 14%.
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Posted on 17/12/2021 by
Morgane PELLEN
