Covesta
FREN
Back to articles
Renovation5 min read

DPE 2025: what the ban on letting G-rated homes changes

The ban already affects 600,000 homes in 2025. It will extend to F-rated homes in 2028 and then E-rated homes in 2034. For the landlords concerned, it is renovate or sell. For investors, a unique market window is opening.

Covesta

Co-founder, Finance and Strategy

ShareLinkedIn

The 2021 Climate and Resilience Act (loi Climat et Résilience) set a strict timetable: the most energy-hungry homes are gradually leaving the rental market. Since 1 January 2025, G-rated homes have been barred from letting under a new lease or a renewal.

Timetable of the ban

Chart

Number of homes affected in France

In millions of homes, excluding second homes.

Source: ONRE · Observatoire National de la Rénovation Énergétique (French energy renovation observatory)
  • 1 January 2025: ban on letting a G-rated home (a passoire thermique, literally an energy sieve).
  • 1 January 2028: extension to F-rated homes.
  • 1 January 2034: extension to E-rated homes.

The opportunity for investors

Owners of energy-inefficient homes are looking to sell quickly to avoid the works. The result: a significant discount on the market, provided you know how to manage a complete renovation. That is precisely Covesta's core business.

−15%

Average discount on an F/G-rated home

vs equivalent market price

F → C

Typical DPE improvement after renovation

Insulation + heating package

+18%

Value uplift after renovation

Beyond the cost of the works

Read next

Our other analyses

Market

2027 presidential election: what risks and what opportunities for the property investor?

Six months before the first round, the property market is already moving to the rhythm of the election: government borrowing rates at their highest since 2002, an uncertain 2027 budget, one buyer in three waiting for the result. Without going into the manifestos, here is what can really shift, and the cards to play before the vote.

Read the articleTax

The new Jeanbrun scheme explained: houses, works threshold, energy-inefficient homes, what the Lecornu government wants to change.

Seven months after coming into force, the Jeanbrun scheme is already being rewritten. The bill on the revival and decentralisation of housing, voted in committee at the National Assembly on 22 September, opens depreciation to older houses, lowers the works threshold and reopens the letting of F- and G-rated homes under conditions. What is settled, what remains to be voted, and what this changes for an investor.

Read the articleProperty management

How can Covesta help you manage your property? Our tasks, one by one.

Finding the right tenant, drawing up the lease, collecting and transferring the rents, keeping the accounts, handling arrears and claims, keeping your file up to date: here is precisely what a Covesta property manager does, month after month, and what it costs you.

Read the article
Previous

Funding your own retirement through property: why act now

Next

LMNP under the actual regime or micro-BIC: which option to choose in 2026?