A report by Horizon MP François Jolivet shows that “the budget measures known at the time of writing this report will not allow responding to the national crisis in the production of new housing”.
The draft budget for 2024, adopted at first reading in the National Assembly on Friday, will not be enough to stop the housing crisis, according to a report by Horizons MP François Jolivet.
“The budget measures known at the time of writing this report will not allow to respond to the national crisis in the production of new housing,” confirms the deputy for Indre, the special rapporteur of the text.
New housing production has fallen sharply in 2023, caught between rising construction costs and a decline in the purchasing power of buyers deprived of easy access to credit. According to the report, the state could thus lose four billion euros in VAT “in the best case scenario”, while communities with front-line ministries risk suffering a drop in real estate transactions, bringing them transfer fees (DMTO) included in “notary fees “.
180,000 job losses
Fearing the loss of 180,000 jobs in the real estate sector by 2024, François Jolivet “calls for a rescue plan for new manufacturing”. The Special Rapporteur also regrets the lack of ambition to reform the taxation of furnished tourist accommodation such as Airbnb included in the Finance Bill, adopted without a vote by the National Assembly using Article 49.3 of the Constitution.
The government has announced a deeper reform of rent taxation for 2025. However, the report welcomes the additional funding made available by the government for social landlords (€400 million a year for three years) and the maintenance of the number of places in emergency accommodation at a high level (around 200,000).