Housing stimulus (Jeanbrun scheme): principle, acquisition period and 9-year commitment

The "Housing Recovery" scheme, known as Jeanbrun's scheme, is a rental investment program whose benefit takes the form of a deduction from your rental income, rather than a tax reduction. It applies to properties acquired between February 21, 2026, and December 31, 2028. The owner commits to renting the unfurnished property as the tenant's primary residence for nine years.

This page outlines the principle, the period, and the commitment. It does not specify the annual depreciation limit: the official documents consulted do not agree on this point, and the rule may change (see below). It also does not address the tax return forms or the legislation itself.

What does the device consist of?

According to economie.gouv.fr, the scheme falls under Article 47 of the 2026 Finance Law (Law No. 2026-103 of February 19, 2026). Its objective, according to the same website, is "to encourage taxpayers to buy a property to rent out.".

The tax advantage is a deduction from your rental income: you depreciate the property. This differs from a tax credit, which is subtracted from the calculated tax. Here, the depreciation is deducted from the rental income taxed under the property income category.

According to economie.gouv.fr, the scheme is open to individuals "without means testing". However, certain rights holders are excluded (see "Who can benefit").

The period: acquisition between February 21, 2026 and December 31, 2028

Service-public.gouv.fr specifies: "The investment must be made between February 21, 2026, and December 31, 2028." Service-public.gouv.fr indicates that the acquisition date is the date of signing the notarial deed. Economie.gouv.fr mentions a scheme available for three years.

What types of housing

The accommodation must be located in France (metropolitan France or overseas departments and regions), in a collective residential building.

For existing properties, the 30 % threshold is calculated on the purchase price. For a property purchased for €250,000, this represents at least €75,000 in renovation work.

The commitment: 9 years of unfurnished rental, as a primary residence

You commit to renting the property unfurnished, as the tenant's main residence, for a period of 9 years. Service-public.gouv.fr (fact sheet F35782) states this as: "9-year commitment".

Three rules govern this rental:

• The rental period. The lease must begin within 12 months of the completion of the building, or of its acquisition if the latter is later.
• The tenant. He must not be a member of your tax household. He also cannot be a relative by blood or marriage up to and including the second degree.
• The rent level. You choose one of three levels: intermediate, social, or very social. Each level has a maximum rent and a maximum income for the tenant. The applicable limits can be verified on the official service-public.gouv.fr website at the time the lease is signed.

The pages read here do not specify the 9-year departure date. This should be verified in the current documents before you commit.

Depreciation: basis and rate

Depreciation is calculated on the net purchase price of the property, after a standard deduction of 20 % for the land portion. The base thus reaches a maximum of 80 % of the price.

The annual rates indicated by service-public.gouv.fr (page verified on July 21, 2026) are as follows:

The deductible depreciation each year is itself capped per tax household. The amount of this cap is not shown on this page; see the following section.

What remains undecided: the annual limit and the draft law

The annual depreciation limit. Two official pages consulted on October 17, 2026, give different amounts. No figures are published here. Before making any decision, this amount should be verified on the service-public.gouv.fr page dedicated to the scheme.

A bill is under discussion. Service-public.gouv.fr indicates, in its version verified on July 21, 2026, that a bill aimed at revitalizing and decentralizing housing, currently under discussion in Parliament, includes provisions for easing the eligibility requirements for the program. The official page specifies that it will be updated after the law is passed and published in the Official Journal. The status of this bill at the time of this review has not been verified here; this information should be checked with the official source.

What you read here corresponds to the rules described on the official pages you consulted. These may change.

Interaction with other rules

• Overall cap on tax loopholes. Service-public.gouv.fr indicates that the benefit is not taken into account for the overall cap on tax benefits.
• Micro-land tax. The choice of depreciation excludes the micro-land regime.
• Denormandie. The scheme cannot be combined, for the same dwelling, with the Denormandie tax reduction.
• Resale. In the event of a sale, the acquisition price used to calculate the capital gain is reduced by the depreciation deducted.
• Option. She asks in the tax return: "The option is irrevocable for the property in question."«

Who can benefit from it?

Your rental income must be taxed under the category of property income. Bare owners and usufructuaries are excluded: the regime does not apply to beneficiaries of divided ownership rights.

Taxpayers without a tax residence in France can benefit from this, provided that their property income is taxable in France.

If the commitment is not respected

Failure to comply with any of the commitments (lease term, rent level, etc.) will result in the loss of the tax benefit. Depreciation already deducted will be added back to the rental income for the year in question.

Numerical example (fictitious profile)

Situation. A couple buys a new apartment off-plan in 2027, in a multi-unit building, for €250,000 net of fees. Their plan is to rent it unfurnished as a primary residence at an intermediate rent. An alternative option is an older apartment at the same price, requiring extensive renovations.

Assumptions of the fictitious profile. Price of €250,000 net of fees, purchase in 2027, intermediate rent level, rate and flat rate of 20 % from the table "Depreciation: basis and rate".

Issue. Knowing the approximate annual depreciation before comparing this project to others.

Strategy. Apply the basic rules described above: a flat rate of 20 % for land, then the intermediate rate. For existing properties, first check the work threshold.

Result.

These amounts are calculated before applying the annual depreciation cap, the amount of which is not shown on this page. They do not take into account this household's income tax, rent, or expenses. The profile is fictitious. The figures illustrate the calculation and do not reflect your specific situation.

What changes depending on your situation

• The date of the notarial deed, with regard to the period from February 21, 2026 to December 31, 2028.
• The type of property : new, in a future state of completion, or old with work.
• The chosen rent level and the rent and tenant income limits.
• Your method of detention : in full ownership or with divided rights.
• Your tax status : resident or non-resident, with taxable property income in France.
• The evolution of texts : the bill under discussion may change the conditions.

The rule depends on your situation. No results are guaranteed.