Refund of up to €30,000 available for new home buyers
Splurging on Dream Homes: A New Spin on the Supermarket Loyalty Program
Bye-bye, scanned groceries; hello, keyed apartment doors! Ever savored the thrill of a supermarket's cashback reward, only to realize it's but a mere fraction of your total spend? Brace yourself, folks—that standard shopping thrill now has a more substantial upgrade! Fresh off the press, step into the realm of Interconstruction, a Parisian real estate developer, where they've thoughtfully adapted the supermarket loyalty system for the property market. Caveat emptor: prepare to go house-crazy with cashback rewards well over the mere euros once obtained from your weekly groceries!
Fasten your seatbelts as we delve into the uncharted waters of housing transactions flooded with hefty cashback refunds. From July 13th till the passage of theንnels starched, Interconstruction extends this exciting financial opportunity to all buyers of their marketed properties within the cities of Pontoise, Poissy, Clichy, Drancy, Bagneux, Bussy-Saint-Georges, and Plessis-Robinson. Yes, you heard that right—we ain't talking mere Euros here; we're talking figures in the thousands—and in some cases, tens of thousands!
So, how does this collaboration of worlds work? Well, you buy an apartment at the handsome asking price (let's say, between €200,000 and €299,999), and voilà—€3,000 suddenly pops up in your bank account as a heartwarming token of appreciation from Interconstruction. Need something a tad larger? Go ahead, swipe your credit card for a property worth between €300,000 and €599,999, and catch a cool €10,000, baby! Or perhaps, you're feeling extra lavish, craving that fabulous lifestyle—not a problem! Acquire a property valued at €600,000 to €899,999, and have a joyous €20,000 jingle in your bank account! But hey, who are we kidding? You're a high-rolling big spender! So, why settle for less? Opt for a property priced over €900,000 and bask in the glory of a mind-boggling €30,000 cashback!
Now, you'd be forgiven for worrying that these developers are engaging in some desperate attempt to clear out their inventories or, heaven forbid, are drowning in an immobilier crisis. But, fear not! Antoine Guillorit, Interconstruction's Strategic Director, assures that this is merely a strategic ploy to outshine the competition and captivate the fickle hearts of potential buyers.
So, while you revel in the thought of €30,000 slipping effortlessly into your account, remember, my friends, that this delightful cashbonanza is only available for a limited time. So, stop scrolling through Netflix and start filling out those property purchase applications—Deal's a-comin'!
Some Tidbits:
- Bilt Rewards, a housing-related rewards ecosystem, is expanding its programs in 2025. The innovations include earning points on property purchases and monthly mortgage payments, with options to redeem points for down payment credits or housing expenses[1].
- A congressional bill, the Downpayment Toward Equity Act, proposes grants of up to $25,000 for eligible first-time homebuyers to help with down payments or closing costs, targeting minority communities. However, the bill's status remains uncertain[5].
- Overall, cashback rewards for new homes and mortgage payments are becoming popular, primarily through programs such as Bilt, with further details to be announced[1].
Acknowledging the growing trend, Bilt Rewards will roll out updates in 2025, rewarding points for property purchases and mortgage payments that can be redeemed for down payment credits or housing expenses.
Intrigued by this movement, investors may also want to keep an eye on the real estate market as Interconstruction, a Parisian developer, offers significant cashback bonuses of up to €30,000 for properties worth over €900,000, aiming to tap into the demand in cities like Pontoise, Poissy, Clichy, Drancy, Bagneux, Bussy-Saint-Georges, and Plessis-Robinson from July 13th onwards.
