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Property: 1.39% growth in France in 2022, rents weathered inflation

Rents are rising but not exploding: This is a 2022 estimate by the Observatory for Private Park Leases (Clameur), which only takes into account the rent set when the lease was signed, not the one already signed by the lease authority. professionals (excluding individuals), which will be published on Tuesday, March 21, and which we disclose to you exclusively. Apartment rentals increased in 2022 in France by 1.39% (median) to €13.91/m2, i.e. the same as in 2021. Rent for houses increased by 1.21% to 11.92 euros/m2.

“Rent control mechanisms: the structure in some cities and the limitation of the basic rent index (IRL) – an index that serves as a benchmark for rent revisions – have played their part well and have avoided a sharp rise in rent,” cheers its President Jean-Michel Camizon. “This is too much,” said Eddie Jacquemart, president of the National Housing Confederation (CNL).

For five years, the rent for apartments increased by 6.71%, for houses – by 6.43%. However, these amounts do not take into account accruals ranging from 6% to 10% of the rent, which increase sharply under the cumulative impact of inflation (7% in 2022), a jump in the cost of energy and materials.

Different rent depending on area and city

These rentals vary by surface. The studios among the most in demand remain those that have grown the most: by almost 9% in five years (+ 1.52% per year) to 18.30 euros/m2 on average. The rent for two-room and three-room apartments will also increase by almost 8% (€13.52/m2) and 6.7% (€11.44/m2) respectively between 2018 and 2022.

As a sign of national market tension, Klamer notes a sharp decline in the duration of online advertising: studios and one-bedroom apartments generally remain online for 15 days, which is 4 and 5 days less than in 2018. Less in demand family apartments (T3 and above) remain available a little longer, 20 days (- 5 days).

The geographical view also reveals significant differences in rents from city to city. Thus, in Brest (+11.73% to 14.27 euros/m2) and Avignon (+11.49% to 16.71 euros/m2), the rent for studios increased the most in a year. Voiron (+9.91% to €11.74/m2) and Saint-Étienne (+10.81% to €8.94/m2) take first place for two-room apartments, and Saint-Denis (+10.81% to €8.94/m2) for large apartments ( +9.81% to €12.47/m2) and Mulhouse (+7.70% to €8.20/m2), which are allocated in 2022.

Paris and Neuilly at the top of the highest prices

As for the highest rent, we find it without much surprise in Paris and Neuilly-sur-Seine (Hauts-de-Seine), wherever the surface is, elbow to elbow, with a palm tree for T1 at 33.69 euros / m2 . in Neuilly versus 30.80 euro/m2 on average in Paris subject to rent regulation.

“Cities in the western part of Paris are always more dynamic in terms of sales and rental prices than in the east,” explains Arnaud Simon, scientific director of the Observatory and research professor at the Dauphine University of Paris. Although Paris and Neuilly remain in the lead, they show stagnation or even a slight decrease in prices per square meter: – 3.54% in Neuilly against 0.20% in Paris for three-room apartments. In Paris, the price per square meter of studios even fell by 0.34%, which can be explained by rent control and the impact of remote work, which could provoke the actions of Parisians who were thinking about moving.”

Stronger growth on the west facade

If rents are no longer rising in Paris, then this is far from the case in the west of the country, which is popular for both buying and renting after the pandemic. Like sale prices, rents are rising, especially at studios in Angers (+8.60% y/y), Saint-Nazaire (+5.12%) and Rouen (+4.27%). Regionally, also in Brittany and the Pays de la Loire, rental lengths are increasing the most. “They increased by 1 year and 3 months in Brittany between 2018 and 2022 and by 9 months in the Pays de la Loire, mobility is reduced, tenants stay longer in their homes,” says Arnaud Simon. And when an apartment is rented, it rents out faster: in 10 days compared to 22 in 2018 in Brittany and in 8 days instead of 15 in the Pays de la Loire, indicating a lack of rental supply in the face of continued demand. stable”.

Home rental listings also sell out twice as fast: within 7 days in both regions! “This is a sign of urban exodus from very large metropolitan areas to mid-sized cities with the growth of remote work, where renting is a precursor to future purchases,” the scientist said.

But remote work would not justify everything. Soaring prices for second homes, such as Airbnb rentals, are not enough to explain coastal workers’ difficulty finding housing, Clameur’s president said. “Rent growth on the western and Mediterranean coasts is also associated with the displacement of the elderly, who leave the big cities and settle by the sea,” explains Jean-Michel Camizon. According to INSEE, the number of retirees who rent housing there is growing. It is estimated that some of them first rent to see if the region is suitable, and then acquire them, which contributes to higher rents,” he adds.

Source: Le Parisien

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