Buy to let or pass on
Property investment: choose the right structure before signing
Compare schemes by your actual objective: furnished income, unfurnished rental, discounted purchase, historic property, intermediate rent or a review of an ended scheme.
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The structures that truly shape the project
These guides help you decide between yield, taxation, management, holding period and level of risk.
LMNP
Non-professional furnished rental (LMNP): tax advantages, tax regimes, conditions and obligations. Complete guide with official sources.
Jeanbrun (housing stimulus)
Jeanbrun scheme (housing stimulus): definition, eligible homes, 10-year commitment, rent caps, depreciation and deduction. Complete 2026 guide.
Bare ownership
Split-ownership real estate investment: definition, tax advantages, reduced purchase price, simplified management, and estate planning optimization.
Serviced furnished rentals
Professional furnished rental: definition, conditions, tax advantages, differences with LMNP, and obligations. Complete guide.
All guides
Explore other investment frameworks
13 guides available
Classic Unfurnished rental Unfurnished rental: the classic buy-to-let investment. Taxation, advantages, obligations and differences with furnished rental. Unfurnished Property income Rental deficit 
Regulated LLI (intermediate-rent housing) Intermediate-rent housing (LLI): a buy-to-let scheme with 10% reduced VAT and a tax credit. Conditions and tax advantages. Intermediate VAT Areas 
Specialised Girardin Girardin scheme: investing in the French overseas territories with a tax reduction. Conditions and tax advantages. Overseas territories Reduction Risk Renovation Denormandie Denormandie scheme: a tax reduction for buying and renovating properties in certain areas. Renovation Resale City centre 
Wealth Malraux scheme Malraux scheme: a tax reduction for restoring old buildings in heritage areas. Wealth Restoration Protected area 
Expert Historic Monument Investing in a Historic Monument: exceptional tax advantages for heritage restoration. Rare Works Conservation 
Completed Pinel (ended 2024) Pinel scheme: buy-to-let investment with a tax reduction. Scheme ended on December 31, 2024. Historical guide. Archive Rental commitment Historical 
Completed Pinel + (ended 2024) Pinel + scheme: a strengthened version of Pinel with stricter quality criteria. Scheme ended on December 31, 2024. Historical guide. Quality of use Archive Criteria 
Completed Censi-Bouvard (ended 2022) Censi-Bouvard scheme: a tax reduction for LMNP investment in serviced residences. Scheme ended on December 31, 2022. Historical guide. Archive Serviced residence Resale Before choosing
Frequently asked questions
Which property investment should I consider first?
Start with your actual objective: regular income, tax relief, wealth building, transfer to heirs or a discounted purchase. The right scheme then depends on the location, price, personal tax position and acceptable level of management.
Why compare LMNP, unfurnished rental and bare ownership?
These three approaches do not meet the same need. LMNP often targets furnished-rental income, unfurnished rental favours stability, and bare ownership mainly seeks a discount with limited management during the split-ownership period.