too many tenants, not enough properties

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Video length: 2 min.

FRANCE

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G. de Florival, J.Messa, V.Frédéric, E.Prigent, JC. Martin, A.Sarlat, S.Lisny, N.Leydier, C.Alphonse – France 2

France Televisions

While real estate is experiencing difficulties with the increase in interest rates for purchases, rentals are also affected. Today there would be too many requests for rentals and a lack of properties on the market.

In recent months, properties for rent have become increasingly rare. There would have been less 14% in one year while rental demand climbed 32%. So, as soon as an ad is published, a real estate agent in Paris is overwhelmed with files. For example, an apartment in the Paris region rented for 1,090 euros per month. “The apartment is 42 square meters, it’s a two-room apartment. We have a very beautiful view of Paris and the monuments. We had fifty requests from tenants, around thirty files and we made 15 visits”she explains. “Compared to last year, we have about twice as many contacts”. A growing market as access to property becomes more complicated.

More tenants because fewer buyers

Many tenants today find themselves blocked in their project. “Households are weakened by inflation so they have less money at the end of the month”, says the president of the Institute of Management of Real Estate Services. There also remains the problem linked to the Climate and Resilience law penalizing thermal sieves.


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