New Taxes on Empty Homes: A Move to Combat Housing Shortages

By Expert Immobilier Writer

The French government has recently announced plans to tackle the housing shortage by targeting vacant properties.

#### The Issue of Vacant Homes

In France, there are approximately three million vacant homes, which contributes to the housing shortage and affects affordability. These properties are often second homes or belong to owners who have inherited them but do not live there.

#### New Measures Targeting Vacant Properties

In an effort to encourage landlords to rent out their empty properties, the French government has introduced new measures, including higher taxes on vacant homes. This move is part of a wider plan to address housing shortages and improve affordability.

#### How Will This Affect Homeowners?

Homeowners with vacant properties will face increased taxes if their properties remain unoccupied for an extended period. The exact duration has not been specified, but it is expected to be around two years.

#### The Impact on the Housing Market

These new measures aim to incentivize landlords to make their empty properties available on the rental market, thereby increasing supply and easing pressure on house prices. This could potentially benefit first-time buyers and those struggling to find affordable housing.

#### Conclusion

The French government's new taxes on vacant homes are a significant step towards addressing housing shortages and affordability issues. By encouraging landlords to rent out their empty properties, the government hopes to increase supply and provide relief for those seeking affordable housing options.