New fiscal status to revive new rental investment

The French government introduces a new fiscal device, dubbed 'Jeanbrun' or 'private landlord status', to encourage investments in new and old rental housing. Announced as part of the 2026 finance bill, it replaces the Pinel scheme and aims to cut taxes through annual amortization. Meanwhile, Prime Minister Sébastien Lecornu sets the ambitious goal of building 2 million homes by 2030.

On January 23, 2026, during a visit to Seine-Saint-Denis, Prime Minister Sébastien Lecornu unveiled an ambitious housing relaunch plan amid sector crisis. He committed to building '2 million homes by 2030', or '400,000 per year', an objective he calls 'colossal'. 'I have no doubt we will be watched on our collective capacity, with the profession, to succeed and deliver 2 million homes by 2030', he stated at a press point in Rosny-sous-Bois.

Described as 'one of the most radical plans of the last ten years in its philosophy', it aims to massively boost construction and renovation. Lecornu calls for more flexibility: 'We must not bother the French', and rejects pitting 'social against private' or 'rural against urban'. The approach draws from the Notre-Dame reconstruction and Olympics methodology.

A key lever is the new rental investment device, possibly named after Housing Minister Vincent Jeanbrun, replacing the Pinel scheme ended in late 2024. This 'private landlord status' enables annual fiscal amortization equivalent to a fraction of the property's value, akin to LMNP (non-professional furnished rental). It restores fiscal appeal for new builds, though less so for existing ones, and wipes out tax on rents. 'The device aligns with what made the strength and success of non-professional furnished rental', notes an expert.

Per the Housing Minister, this will enable nearly 50,000 additional homes per year and generate over 500 million euros in fiscal revenues. It includes unprecedented financial support for social landlords, taps French savings, and sets a timeline to simplify projects with local officials.

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