Premier Elisabeth Borne presented on Monday the government's measures to support the housing sector. Matignon has announced the end, in 2025, of Pinel, this tax system intended to support both new real estate and rental supply.

This is a shock, because the world of real estate development, construction and private rental has been built on such a device for several decades. The first measure of this type, the Méhaignerie law, dates from 1984. The terms and amount of benefits have varied, but the philosophy has always been...