Fewer apartments for rent in France with a “stark drop” in Paris, according to the SeLoger website

It is increasingly difficult to find an apartment to rent in France with, at the end of 2023, a drop in rental supply of 36% in two years, even greater in Paris, with 50% in one year, indicated SeLoger , site specializing in real estate transactions.

The rise in interest rates has had an impact on the number of properties available for rent. “Forced to abandon their purchase plan, many first-time buyers do not (...) release their rental,” explains SeLoger.

The drop in rental supply, “in the face of growing demand”, “mechanically leads to an increase in rents”. They increased by 3,5% in 2023 in France, according to the platform's press release, consulted Tuesday by AFP.

In Paris, as of January 1, 2024, “the stock of advertisements for apartments for rent is shrinking considerably with a reduction of -74% over three years,” says SeLoger. The drop is even 50% in one year.

This “stark drop” could be explained in particular by the ban on the rental of housing which consumes more than 450 kilowatt hours per square meter per year, the control of rents or even the impact of the Olympic Games in the capital this summer, “which boosts seasonal rentals”, suggests SeLoger.

The deputies adopted a few days ago in the National Assembly, at first reading, a text attacking the tax loophole of furnished tourist accommodation like Airbnb. An adoption described as a “first victory” by Guillaume Martinaud, president of the Orpi agency network.

“Even if there is still a long way to go before final adoption, we support these measures which are essential to stem the housing crisis. The rental market is experiencing a real crossing of the desert, with a real lack of properties available on the market” , continues Mr. Martinaud.

In Paris, rental offers are collapsing and rents are increasing: in 2023, the increase is 3,3% in the capital, despite a law on their regulation in force since 2019, notes SeLoger.

Apart from Paris, the rest of Île-de-France “follows the same dynamic of degradation”.

In Seine-et-Marne, for example, rents increased by 3,4% in one year, when the stock of apartments for rent decreased by 21,9%, underlines the SeLoger site.

Illustrative image of the article via Depositphotos.com.