The Winning Strategy in Investment
Investing in property is still profitable but the property prices have risen sharply in recent years, you can turn to buying old apartments that require work to be done. The deductions so made will reduce taxation and subsidies.
The devices ‘Borloo “or” De Robien’ refer to recent or new apartments and cost close to those of the Livret A. For best performance, buy an apartment or an older building whose work you will consistent large deductions. Note however that the purchase price added to that work does not exceed the market price. Moreover, depending on the region you can get grants from the town or state. But always watch the local dynamism and quality of the site.
Borrowing to carry out the work may be appropriate and interesting because interest loans are also tax deductible. A well-constructed project can make a profit of close to 6%.
If your budget is not enough, remember the ANAH (National Agency for Housing Improvement) which grants up to 70% of the amount of work. In this case you will offer your tenants rents moderate or lower than the local market and over a period of 9 years.
Some regions of France offer more than others, so check with town halls in which you plan to invest. In all cases, ask the grants earlier this year to be sure your project succeeds.
Some cities organize OPAH France (Operation programmed habitat improvement), whose goal is to provide additional subsidies to investors, however, limited to 5% of that given by the ANAH. Also note that all grants shall not exceed 80% of the amount of work. This work will necessarily be made by professional firms and not by you.
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