Restauration & patrimoine
Combining architectural restoration and buy-to-let investment in a protected area.
The JL HOME selection
Loi Malraux
Selection based on information from the developer. The scheme's conditions and the applicable price should be checked for your project.
One example property available per development. Open a listing to see the unit shown and its price conditions.
Residence image · non-contractualPrice subject to access conditions, to be checked with your adviser.
Expected delivery Q4 2028
Programme offered for investment. Letting and occupancy conditions must be checked before purchase.
Residence image · non-contractualPrice subject to access conditions, to be checked with your adviser.
Expected delivery Q2 2029
Programme offered for investment. Letting and occupancy conditions must be checked before purchase.
Image of the forthcoming residencePrice subject to access conditions, to be checked with your adviser.
PTZ possibly available for this property: main residence, subject to income conditions, first-time buyer status and bank approval.
Expected delivery Q4 2027
Residence image · non-contractualPrice subject to access conditions, to be checked with your adviser. Managed residence investment: the home is let to an operator. Options for personal occupation depend on the lease, to be checked before purchase.
Expected delivery Q1 2029
Residence image · non-contractualPrice subject to access conditions, to be checked with your adviser.
PTZ possibly available for this property: main residence, subject to income conditions, first-time buyer status and bank approval.
Expected delivery Q3 2029
Residence image · non-contractualPrice subject to access conditions, to be checked with your adviser.
PTZ possibly available for this property: main residence, subject to income conditions, first-time buyer status and bank approval.
Expected delivery Q2 2027
How it works
The Malraux law provides a tax reduction on certain full restoration expenditure for buildings located in eligible areas. The rate of 22% or 30% depends on the protection and the plan that apply. For authorisations falling under the scheme since 2017, the base is capped at €400,000 over four consecutive years. The acquisition cost is not, on its own, the base for this reduction.
Build your project
Neighbourhood protection and rental potential should be read together. Check the area, the applicable plan and comparable rents before relying on the tax benefit.
Eligible expenses and their payment schedule determine the reduction. Ask for a detailed budget and the authorisations; not every item is automatically accepted.
Compare the works payments with your available tax. Any unused portion may be carried forward for three years, subject to conditions, which means anticipating your future income.
The rate and basis must be confirmed for the transaction. The reduction does not make an excessive price, an incomplete works budget or a location with limited rental appeal acceptable.
Worked example · illustrative assumptions
Hypothetical example: €60,000 of eligible expenses paid this year and no expenses already counted within the four-year allowance give a theoretical reduction of €18,000. If the available tax is €12,000, €12,000 can be used this year and €6,000 may be carried forward.
Replace this example with my figures →Your conversation with JL HOME
The simulator provides an initial baseline. To move forward, we review your objective, your budget and the type of transaction you are considering. Your project documents then help refine the assumptions and the points requiring validation.
Holding period, income needs, financing capacity and taxation: explain what you expect from the investment.
Location, price, any works, lease and management: review the property documents before choosing a scenario.
Refine the budget and have the tax, accounting and legal aspects confirmed with the relevant professionals.
Frequently asked questions
Useful answers to help you place Loi Malraux in your project.
The reduction applies to eligible renovation expenses, not to the simple purchase price of the home. The breakdown of expenses must be validated for the project.
The rate is set by the protection and plan applicable to the area. It cannot be chosen freely to improve the simulation.
Operations falling under the scheme since 2013 are excluded from this overall cap. They nevertheless keep their own expenditure ceiling and conditions.
The home must, in particular, be let unfurnished as a main residence for nine years, subject to the letting and tenant conditions set by the scheme.
Compare the options
Official sources consulted for this edition of 8 October 2026
Share your goal with JL HOME to explore a selection suited to your situation.
