Housing, Bruno Retailleau
Home ownership: PTZ (zero-rate loan) for all first-time buyers, new and old, no zoning
Direction of change: increase, compared with current law.
The lever. Help with buying a home: zero-interest loan, notary fees and transfer duties, access to credit. Direction rule: ↑ more help for home ownership.
« Un prêt à taux zéro pour tous les primo-accédants. »1Translation by the editorsA zero-interest loan for all first-time buyers.
Encoding
No cost-schedule parameter for this position: see the costing for the reason.
Costing
Announced by the candidate
amount not broken down
Amount announced with no readable annual amount for this position alone: « Le prêt à taux zéro sera financé par la prise en charge des intérêts par la Caisse des dépôts, et non plus par un crédit d'impôt pesant sur le budget de l'État » [“The zero-interest loan will be funded by the Caisse des dépôts covering the interest, and no longer by a tax credit weighing on the State budget”] (measure no. 63). No amount.
Published costings
none
No external costing of this position recorded to date.
Our calculation
lever that cannot be costed
Lever with no coefficient in the cost schedule: the position is compared, not costed.
Current law, sources and limits of the cost schedule
Current law. Zero-interest loan (prêt à taux zéro) extended to the whole country for new housing (LFI 2025, temporary). Exemption from gift duties for the purchase of a main residence (LFI 2025).
Horizon. full year 2032, €bn/year
Limits. Lever that can be costed, but the cost of the « prêt à taux zéro » (zero-interest loan) tax credit (Voies et moyens, volume II, PLF 2026) is not recorded here: no coefficient or option (cost of the PTZ, of an additional generation of loans or of an extension to existing homes).
- AN, rapport spécial PLF 2026, Logement, 2025-10: « Le crédit d'impôt « Prêt à taux zéro », en revanche, va voir son incidence budgétaire croître, en lien avec son extension à tout le territoire pour les logements neufs et le logement collectif en LFI 2025. »
How to read these amounts. These are static costs and revenues, with no feedback effect, over a full year: nothing on growth, employment or the revenue that economic activity would gain or lose. A higher net cost does not on its own make a worse policy, nor net savings a better one: each programme rests on an economic model (demand-led stimulus, lower compulsory levies, consolidation of the public accounts…) that the cost schedule does not settle. GDP itself measures a volume of activity, not well-being or the usefulness of what is produced. Economic models and feedback effects.
- Projet Retailleau, mesure n°63 « Faciliter l'achat de son logement ». Read the programme page.
Contest this encoding (prefilled email; procedure and deadlines)