Real Estate: Crisis in Rental Stock, Fewer and Fewer Properties Available: News

The rental market is going through an unprecedented crisis. According to the “Se Logger” platform, which published a report on real estate on Monday 29 January, the fall is particularly pronounced in Paris.

A real downfall. In 2023, the real estate crisis hit and the rental market continued its downward slide. On Monday 29 January the “Say Logger” platform reports that in two years, the rental stock has lost 36% of available properties. These figures are global and therefore concern the whole of France. But, on closer inspection, the situation is more tense in certain regions. In Paris, in the last three years, the number of ads for apartments for rent has decreased by… 74%! In other words: there is nothing left. or nearly so.

This sharp decline in properties available for rent can be explained by the economic situation making access to property very difficult. Logically, if the French can no longer buy apartments, they will stay in the ones they rent, and there will be no more availability, whether for young people entering working life, or for couples settling down together, or even for families.

About 10,000 euros per square meter in Paris!

In fact, interest rates for borrowing and setting up purchase projects continued to rise as did the average purchase price in 2023. Among the top 10 cities with the highest average purchase price, we find Marseille, Lyon, Toulouse, Nice, Nantes, Strasbourg, Montpellier, Bordeaux, Lille and Rennes, where the square meter is… 4,034 euros. For Paris alone, that’s 9,644 euros!

These purchasing difficulties have also affected the number of properties available for rent in 2019 despite the regulatory measures taken, the amount of rent. In Paris, rents have increased by 4.6% in three years, with an increase of 3.3%. % for the year 2023 alone. was not heard.

Published at 4:05 pm on January 29, Maeliss Innocenti, 6Medias

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