THE RENTAL MARKET IN PARIS


What you need to know to start your home search
with the right mindset !

 

     Renting an apartment abroad is not a simple matter, especially if you do not know the country you are moving to… You have to ask yourself the right questions about what would fit you better. 

You also need to be aware of the real estate market of the city you chose to live in, so that your expectations match reality – from one city/country to another, you do not have the same standards for a similar budget. Especially in Paris, which often comes as a surprise for foreigners! 

     Demands exceed the offers

     France being a very centralized country, Paris has become the densest market for rentals. In Paris only, 2,2 millions people are living, and Ile de France (the administrative area comprising Paris) has more than 12 millions inhabitants, which corresponds to almost 20 % of the full French population (living on 2% only of the area of France). As you can understand, the housing market is constantly under pressure, and very dynamic. Paris architecture is protected by law, and new constructions are scarce: the pool of available apartments is not growing, and hence is not following the demand. In the end, it means that there is a lot of competition: for every apartment available, there will be several applicants. And when an apartment is put on the market, it is usually rented in the next two days, so there is no time to think or ask for a second visit! This is less true for big apartments i.e more than 90 m2, and furnished ones.) 

     Rent prices are skyrocketting

     Because of the high demand, prices for rentals have massively increased in the past years, up to a point where the government had to intervene, and implement rules: now, in Paris and its close suburbs, there is a maximum price per square meter that cannot be exceeded, and which is fixed by law depending on the district the apartment is located in. You can find here the detailed information: http://www.referenceloyer.drihl.ile-de-france.developpement-durable.gouv.fr . This is theory. In reality, things are not as clear: if an apartment has something more than the average (i.e high ceilings, amazing view, luxury furbishment etc.), landlords are allowed to exceed the price limit. And it seems in the facts that every apartment in Paris is exceptional, because this rule is constantly twisted!

     What is a typical parisian apartment?

     Because new constructions are rare, there are not that many modern buildings. A typical flat in Paris is around 45 m2, comes in a 19th century building and has wood floors that crack when you step on them. It will almost never have an air conditioner or several toilets for example! Also, if a lot of old buildings have been equiped with elevators in time, most of the buildings in the heart of Paris do not have one, as the staircases are far too narrow to welcome one!

 → Our piece of advice: 
     Prioritize your criteria, because the perfect apartment does not exist as you will always have to  make concessions! Be sure of what you want and what you need before the visits are planned –  you will have to make up your mind the same day in order to send your application! And do not  worry, with SOFIME, Relocation, you always find the perfect place !

 

Chasseur d’appartement et agence de relocation: quelle différence pour les agences?

Tout est une question de terme.

Certes, l’activité de relocation est bien plus large que celle d’un chasseur immobilier (ou chasseur d’appartement) puisque celle ci englobe, non seulement la recherche d’appartement mais également tous les services autour de l’installation du cadre expatrié en France: recherche et inscription dans les écoles, formalité d’immigration, inscription à la sécurité sociale, etc…Mais le service commun est bel et bien la recherche d’un appartement ou une maison dans le cadre d’une mutation.

Pourtant, à faire le test, l’agent immobilier ne réagit pas de la même manière lorsque l’on se présente comme chasseur d’appartements ou comme agence de relocation. [Read more…]

SOFIME, le blog, nous y sommes

Désormais, vous retrouverez  le blog de « Diane, ou le Paris du chasseur immobilier »  sur notre site. C’était le chantier n°1 de l’année 2011. L’objectif? Homogénéisation des nos outils de communication et… référencement!