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 !

 

Mobilité internationale d’un salarié: quel statut choisir? Expatriation ou détachement ?

Pour le collaborateur, l’enjeu est de ne  pas voir son niveau de vie baisser tout en conservant une protection sociale au moins identique à celle qu’il a en France.

Pour l’entreprise, l’enjeu est financier: optimiser financièrement l’expatriation du salarié.

Mais il faut bien faire attention à respecter les règles et les procédures pour obtenir l’un ou l’autre des statuts car les sanctions peuvent être sévères.

C’est la législation sociale française qui va déterminer le statut  entre l’expatriation et détachement du salarié.

Responsable mobilité: optimisez le retour sur investissement de vos salariés en mobilité

C’est le thème de la conférence que Sofime Relocation organise en collaboration avec Abroad Conseil, le 20 mars à 14:00, au salon de la mobilité internationale.

Nous y aborderons le point de vue de l’entreprise sur la gestion ou non gestion de l’arrivée d’un salarié en France, ainsi qu’un certains nombre de solutions concrètes pour viser efficacité  et optimisation de la mobilité.

Les intervenants seront Dominique Pécout, Abroad Conseil, conseil en mobilité internationale, ex Responsable Mobilité Internationale de Saint-Gobain, Technip et Moët Hennessy (Groupe LVMH) et Sophie Girault, fondatrice de la société SOFIME Relocation.

Pour vous inscrire, c’est ici!