The advantages of the Pinel law in Lille

pinel lille law

Located in the Nord department, the city of Lille is one of the most attractive municipalities in France.Indeed, its significant dynamism and its proximity to many industrial zones make this city a major economic center in the region.Investing in real estate in Lille is going to be a great idea, stone being one of the safest investments in the long term.Lille is a city that changes a little more each year, many households want to settle there, so you will have no trouble renting your accommodation if you wish.If you want to save money and benefit from partial tax exemption on your investment, you should take the time to find out about the homes affected by the Pinel law.As we will see, this device can save you a lot of money.

A tax exemption that can earn you a lot

When you buy an eligible home, you may benefit from a greater or lesser tax reduction depending on the number of years during which you agree to rent your property. Indeed, the aim of the Pinel law is to allow greater social diversity, by offering households with medium or low incomes the opportunity to live in an apartment or a house that will be entirely new.

You can choose to offer your property for rent for 6, 9 or even 12 years, in return, you will be entitled to a tax rebate of 12, 18 or 21%. Several criteria govern the purchase of goods under the Pinel law, but the housing corresponding to these are numerous. Indeed, the Pinel law in Lille is seen as an asset by the town hall which has created partnerships with real estate developers so that new housing units built most recently are eligible.

A much easier purchase to make 

In theory, to buy real estate you need to have some financial backing on your side, otherwise the banks have a hard time lending you money. By choosing a well eligible for tax exemption, you can borrow without contributions, since the repayments will be made largely by the rents paid by the tenants.

This is a great way for lower income households to invest in real estate.

A way to invest in the future of the city and yours

By buying real estate and offering it for rent in exchange for a capped rent, you are acting for the good of the city of Lille, since new households will be able to settle there and breathe new life into this town. However, it is also a good investment for you, in the future you will be able to get your property back and either house it or sell it, although the latter option may not be possible for a number of years. Either way, you need to keep in mind that stone remains the safest investment today, especially as more and more eligible homes are available.

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