The parliamentary report submitted to Valérie Létard proposes five major levers to encourage rental investment. A focus on their concrete effects in our valleys and on the shores of the Alpine lakes.
1️⃣ Enhanced amortisation for new and old properties: a major lever forrental investment
Amortise 5% on new build
From acquisition, the private landlord will be able to deduct 5% per year from the cost price of the new dwelling. Enough to smooth the financial effort while securing profitability, particularly for recent developments around Lake Annecy.
4% + 15% of works on old properties
In village centres or ski resorts, many properties require energy renovation. Amortisation of 4% per year, combined with the possibility of deducting 15% of works from the first year, boosts cash flow and speeds up compliance with the 2028 standards.
2025 trend : demand for homes rated A or B jumps by 28% in Savoie-Mont-Blanc. Investors who anticipate renovation are already capturing this growing green value.
Althenor offers a personalised advice to estimate the tax savings and the impact on resale value.
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2️⃣ Affordable rents & property deficit ceiling raised to €40,000: heading for an affordable rent
Tax bonus of 0.5% to 1.5%
By letting below market rents, the landlord obtains additional amortisation. A winning strategy to retain local families while securing a net return.
Property deficit doubled
The ceiling rises from €21,400 to €40,000: a significant boost to absorb insulation works or the installation of heat pumps, very common in our altitude chalets.
This measure strengthens the attractiveness of mid-mountain communes, where vacancy has already been falling since the end of 2024.
3️⃣ Exit from IFI and holding period reduced to 20 years: advantages for landlord owner in the mountains
Exclusion from IFI during the rental period
Eligible dwellings let on a long-term basis (minimum 9 years) are removed from the IFI (real estate wealth tax) base. For estates worth more than €1.3m, it is the certainty of maintaining regular net income.
Reduced capital gains tax after 20 years
The holding period for full exemption falls from 30 to 20 years. In a Haute-Savoie market where values are still rising (+4.1% over one year), this relief offers welcome flexibility for adjusting your portfolio.
4️⃣ Macro-economic impact & local expertise : how Althenor guides you with a personalised advice
+ 90,000 homes/year and + 100,000 jobs by 2030
These national objectives will translate locally into targeted projects: rehabilitation of large chalets, micro-developments around Lake Geneva, and natural eco-neighbourhoods near the resorts.
The Althenor approach
- Detailed analysis of micro-markets : prices, profitability, rental tension
- Tailor-made wealth structures : dismemberment, family SCI
- Support with works & energy renovation : network of craftsmen, architects, project manager
Our team mobilises its local expertise to turn these measures into concrete opportunities, whether your project involves a main residence with a lake view or a pied-à-terre in Megève.
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Conclusion
The five measures of the Letard report mark a turning point for the private landlord. By strengthening profitability, tax visibility and asset liquidity, they give new colour to Haute-Savoie rental investment. With strategic support such as that provided by Althenor, investors and regions win in unison.