2023-07-13 11:38:59
Today, you have to wait four years to unlock your housing savings plan (PEL).
Housing savings plans (PEL) can be released at any time to finance energy renovation work on buildings, Economy Minister Bruno Le Maire announced on Thursday.
« Today you can’t unlock it for four years when you want to buy a home, then you can unlock it whenever you want when you want to do energy renovation “, declared the minister on TF1 regarding this savings product held by 12 million French people.
«We want to support energy renovation by saving our compatriots“, explained Bruno Le Maire, who specified that savers might “release the necessary sum” for energy renovation work, without having to close their savings plan. The total outstanding amount of PELs is approximately 300 billion euros.
Livret A maintained at 3%
During the Ecological Transition Financing Committee (CFTE) held on Wednesday, the early release of the PEL was considered among the ways to accelerate the ecological transition by mobilizing the savings of the French, which amounts to a total of 5,800 billion euros, of which 3,200 billion invested in the long term.
The investments needed to finance the ecological transition are estimated at between 60 and 70 billion euros per year, according to a report by economists published in the spring, the figures of which have been endorsed by the government.
In addition, Bruno Le Maire validated Thursday the proposal of the Governor of the Banque de France to maintain the Livret A rate at 3% despite inflation, instead of applying the calculation formula which would have resulted in 4.1% . A higher rate would have increased” the cost of credit for SMEs, which need to invest” as well as that of “credit for social housing”, i.e. “tens of thousands of social housing Less, he argued on TF1, also announcing an increase in the ceiling of the People’s Savings Book, reserved for the most modest households, from 7,700 euros to 10,000 euros.
1689274334
#Housing #savings #plans #PEL #released #energy #renovation #projects
