Dynamic, festive, ideally located at the gates of Spain... The Pink City has not lost its attractiveness and still presents promising potential for investment in 2021. And for good reason, at the end of 2019 it was the city which gained the most inhabitants in France at the rate of 5,200 new arrivals each year. So many assets which have won over investors to take an interest in new real estate to invest under the Pinel law. \n\nExtended until 2024, the Pinel system offers the possibility of being able to exempt part of the income taxes on the occasion of a rental investment in new housing for a main residence. And at a time when the French are saving more and more (110 billion euros more in 2020), stone remains among the preferred investments. \n\nHere is
5 advantages of investing in Pinel law in Toulouse. \n
Pinel law in Toulouse: a real tax boost
\nThis is the first advantage that comes to mind and which has convinced many taxpayers. Still interesting in 2021, the tax reduction for an investment in
Pinel law in Toulouse can provide tax relief of up to €63,000 over 12 years of rental. Unchanged in 2021, the percentages applied will not be reduced until 1
er January 2023. \n
What are the reduction rates for an investment in Pinel law in Toulouse in 2021?\r\n\r\n - 12% reduction for rental over 6 years
\r\n - 18% over 9 years
\r\n - And 21% over 12 years.
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\nPlease note that the Pinel system sets a maximum purchase limit of two homes per year, based on a total investment ceiling of €300,000 per year, or €5,500/m².
\nFor example, for the purchase of a 26 m² studio in the Saint-Cyprien district priced at €143,500 over 9 years, the tax reduction will be €25,740. \n\nRead also:
Luxury real estate in Paris: everything you need to know\r\n
Build up your real estate assets by investing under the Pinel law in Toulouse
\nIn addition to the advantage of significantly reducing taxes, investing in
Pinel law in Toulouse is also the best way to
build real estate assets. In addition to bringing in additional money, building your real estate assets also provides security for your family. \n\nAs part of an investment under the Pinel law, at the end of the rental period,
an owner can enjoy his property in several ways:\r\n
\r\n - He can continue to rent his property, with or without respecting the rent and resource ceilings imposed by the system;
\r\n - Resell the property at market price, provided that the owner has not been in a land deficit for 3 years;
\r\n - Keep the property for use as a primary residence;
\r\n - Or rent it to descendants or ascendants.
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\nRead also:
How to make the best choice of real estate loan in Rennes? Explanations\r\n
Renting your property to an ascendant or descendant
\nRent to your parents, siblings or children? This is one of the other possibilities of the
Pinel law in Toulouse. An owner can in fact accommodate his ascendants or descendants in a rented property in Pinel, without calling into question the tax reduction, while respecting certain conditions: \n
\r\n - The tenant of the property must not be linked to the tax household of the owner.
\r\n - The person occupying the accommodation must pay rent to the lessor, regardless of the relationship between the lessor and the occupant.
\r\n - The property in question must be occupied as a primary residence.
\r\n - The amount of rent must respect the ceiling set according to the area where the accommodation is located. For new accommodation rented in Pinel in Toulouse, the rent applied will be that of zone B1: €10.51/m².
\r\n - Tenants' income must respect the resource ceilings established in zone B1. They must correspond to the reference tax income (RFR) of year N-2.
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\nRead also:
Sale of real estate: what are the steps to follow?\r\n\r\n
Can a descendant or ascendant living in rented accommodation in Pinel benefit from housing assistance (APL, ALS or ALF)?\n\nIf the tax law does not specify it, the Construction and Housing Code prohibits the payment of APL to tenants of whom one of the descendants or ascendants owns the accommodation (CCH, article L351-2-1). However, this particularity only applies to the following cases: \n
\r\n - Rental between a child and one of his parents;
\r\n - Rental between a grandchild and one of their grandparents;
\r\n - Rental between a great-grandchild and his or her great-grandparents.
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Great rental profitability at stake
\nAn integral part of real estate investment under Pinel law, rental yield is the best way to assess the quality of an investment. To do this, simply calculate the ratio between the amount of the investment (the price of the property) and the amount of rent received over a year. The result will express a percentage, which can then be compared to the average for other sectors of the city. \n\nCities like Toulouse where demand for housing is higher than supply have better rental profitability. Remember, investment in
Pinel law in Toulouse is not an investment since the principle of the system is to build assets while receiving income. The geographical location is therefore an essential parameter to take into account when choosing a new apartment to rent. \n
Which neighborhoods show the best rental profitability for a T2 rented in Pinel in Toulouse in 2021?\r\n\r\n - The Borderouge district: 3.20%
\r\n - The Croix-Daurade district: 3.18%
\r\n - The Roseraie district: 3.16%
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Toulouse, ideal city for investing in the Pinel law in 2021?
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“Toulouse has everything”, this is the signature that the Pink City chose in 2018 to assert its place as a “capital city” in the eyes of France. A force that attracts new students every year (+23% in 10 years), young professionals and families, seduced by its multiple possibilities. Cradle of aeronautics, capital of the Occitan region, innovative and student-oriented, it is also one of the cities with the highest concentration of tenants (65.09% of housing occupied by tenants in 2017). \n\nThe metropolis is also one of the favorite areas for new real estate professionals. Very popular with real estate developers, all of its districts, but also its peripheral municipalities, offer a wide choice of new apartments eligible for the Pinel law. \n
Nearly 180 new real estate programs delivered in Toulouse by 2024
\nThe delivery of new programs is not weakening in Toulouse. Still under pressure, the city is experiencing an exponential demand for housing; an apartment can be rented there in just under a month. To meet this demand, nearly 180 new real estate programs will see the light of day by 2024 in all districts of the Pink City, good news for those who would be tempted by investment in
Pinel law in Toulouse. \n
New houses will come out of the system in 2021
\nThe houses are definitively removed from the Pinel system from 1
er January 2021. Rental investment is therefore limited to collective residential buildings, as stipulated in article 58 octies of the finance law for 2020. This new provision thus excludes the purchase or construction of individual houses. \n\n
Special feature: to still benefit from the Pinel tax exemption for a new house in Toulouse, the date of submission of the building permit application must be before 1
er January 2021. \n\nRead also:
How to become a real estate agent? Everything you need to know about this well-paid profession\r\n
What conditions must be met to rent an apartment under the Pinel law in Toulouse in 2021?
\nReminder on the eligibility conditions for investment in
Pinel law in Toulouse : \n\n
Only the following types of property are eligible for the Pinel law\r\n
\r\n - New or VEFA housing (this must be completed within 30 months following the signing of the authentic deed of acquisition).
\r\n - Housing to be built.
\r\n - An old home undergoing renovation work (must represent at least 25% of the total cost of the operation).
\r\n - A premises transformed into residential accommodation.
\r\n - A home undergoing rehabilitation work (this must be completed on December 31 of the 2th year following the acquisition of housing or premises).
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Rent and resource ceilings to be respected in Toulouse (zone B1)\n\nTo claim the rental of a property rented in
Pinel in Toulouse, the tenant must demonstrate income conditions not exceeding the following ceilings: \n\nFor leases concluded or renewed in 2020 \n
\r\n\r\n\r\n| For leases concluded or renewed in 2020 | \r\n
\r\n\r\n\r\n\r\n| Composition of the tenant's household | \r\nResource ceilings | \r\n
\r\n\r\n| Single person | \r\n€31,280 | \r\n
\r\n\r\n| Couple | \r\n€41,772 | \r\n
\r\n\r\n| Single person or couple with a dependent | \r\n€50,233 | \r\n
\r\n\r\n| Single person or couple with two dependents | \r\n€60,643 | \r\n
\r\n\r\n| Single person or couple with three dependents | \r\n€71,340 | \r\n
\r\n\r\n| Single person or couple with four dependents | \r\n€80,399 | \r\n
\r\n\r\n| Increase per dependent from the fifth | \r\n+ €8,969 | \r\n
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\nThe lessor must, for his part, rent out his property at a price equal to or less than €10.51/m².\n
