The conclusion is clear. “All the signals are red for the rental market,” alerts SeLoger this Wednesday, September 27. According to the platform, the stock of rental property offers has fallen in France by -18% on average since January 2022 and by -9% over the last twelve months alone.
Large cities are suffering the most from the shortage of rental properties, with stock falling by -23.2% on average in just one year, a drop in the number of rental properties more than twice the average drop. In France. “Renting accommodation in major French cities is now an obstacle course,” notes SeLoger.
Several large cities are particularly affected. Rennes is the most affected by the shortage (-42.9%), ahead of Paris (-38.3%), Nice (-33.9%) as well as Marseille and Bordeaux (-15.8% for each of them). they). In Paris, since July 2021, the drop in rental properties has been particularly significant: -68.2%. In Nice, Marseille and Strasbourg, stocks of rental properties are at their lowest in five years, SeLoger further observes.
Nice also facing an increase in rents
The very significant rise in interest rates for more than a year has made access to property more difficult for many tenants. “Forced to abandon the purchase due to the tightening of financing conditions, households are not releasing the property they are renting, which mechanically leads to an increase in rental tension,” analyzes Barbara Castillo Rico, head of economic studies at SeLoger, cited in a press release. “And this, while demand is already highly concentrated in metropolises, but it is in the latter that access to property is most constrained,” recalls Barbara Castillo Rico.
If supply is increasingly reduced, demand remains strong, a phenomenon which therefore causes an increase in rents. They increased by +3.2% on average in one year in the ten largest cities in France, against +1.8% the previous year, according to the platform, which recalls that the government extended the ceiling last July. the increase in rents, for current leases, at +3.5% until the 1st quarter of 2024. It is in Nice that the increase is the highest (+ 6.1%), ahead of Marseille (+ 4 .9%), Strasbourg (+ 4.6%), Toulouse (+ 3.6%) and Rennes (+ 3.1%).
SeLoger is not very optimistic about the situation for the coming months. “Nothing suggests an improvement in the state of shortage and increase in rents for the rental market,” says Barbara Castillo Rico.
In this context of housing crisis, and in particular the rental offer, Bruno Le Maire opened the door, in an interview with Le Parisien on Tuesday, to a postponement of the measure banning the rental of thermal strainers before closing it this Wednesday. “It is not a question of changing the calendar as it has been determined, it is simply a question of thinking about how we can be simpler and clearer for our compatriots. Everyone knows that the ban on rental of so-called G+ strainers is already underway, but everyone also knows that it poses a certain number of problems for co-owners”, declared Bruno Le Maire on Wednesday at a press conference, on the occasion of the presentation of the 2024 budget.