LMNP & AIRBNB
TOURISM RENTAL REGULATION REPORT — 2025-2026
Data 2025
The LMNP regime (Non-Professional Furnished Rental) was one of the last tax havens in French real estate. The loi Le Meur and the 2025 Finance Law are putting an end to it: reduced allowances, depreciation reintegration, and tighter Airbnb controls.
MICRO-BIC: NEW THRESHOLDS (since January 1, 2025)
| Rental type | Revenue ceiling | Allowance | Before reform |
|---|---|---|---|
| Unclassified tourism (Airbnb) | 15,000 € | 30% | 77 700 € / 50% |
| Classified tourism rental | 77,700 € | 50% | 77 700 € / 71% |
| Long-term rental | 77,700 € | 50% | Inchangé |
DEPRECIATION REINTEGRATION
Since January 1, 2025, depreciation deducted during rental is reintegrated into capital gains upon resale. An investor who depreciated €50,000 and resells with €30,000 gross gain will be taxed on €80,000.
Exception: student residences, senior housing, and nursing homes.
LOI LE MEUR — REGULATION
Measures being progressively applied 2025-2026:
- ► Max primary residence rental: 90 days/year in tight markets (down from 120)
- ► Mandatory registration with city hall
- ► Energy performance certificate required: minimum E in 2025, D in 2034
- ► Municipal powers: quotas, prohibition zones
AIRBNB STATISTICS IN FRANCE
- ► Active listings: ~1.31 million/month
- ► Paris: ~87,000 listings
- ► Average host income: €11,200/year
- ► Average nightly rate: €118