The rental market in Paris | Sofime le blog


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! Here is SOFIME Relocation insight about that:

     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. It reached 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. Now it is fixed by law depending on the district the apartment is located in. You can find here the detailed information.

This is theory. In reality, things are not as clear. If an apartment has something more than the average, landlords are allowed to exceed the price limit. (i.e high ceilings, amazing view, luxury furbishment etc.). 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. Nor several toilets for instance ! Also, if a lot of old buildings have been equiped with elevators in time, most of the ones 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. Hence you will always have to  make concessions! Therefore 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 !