The budget for rental apartments increased by 2% last year compared to 2018. The average rent is now 646 euros.
Renting a home is still more expensive. According to the observatory of the site Loge Toi, the rental budget in 2019 increased by 2% compared to last year. To establish this ranking, LocService analyzed nearly 75,000 apartments that actually changed tenants in France in 2019.
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And unsurprisingly, the increases were most significant not in Paris but in Bordeaux. In the capital of the Gironde, the prices of their apartments rose by 9.87% in one year, according to Le Figaro. This is the highest increase in France, ahead of Nantes (+6.62%) and Angers (+5.35%). It is worth noting that rents in Paris increased “only” by 3.61%. The purchase of an apartment in Lille also saw a significant price increase.
Rental Tension
If rents in Bordeaux have skyrocketed, it is because the pressure on rents is very high. A situation that is also found in Lyon, where rents increased by 4.20%, but also in Besançon (+5.29%) and Caen (+5.09%).
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The cities in the 11 departments, which represent 51.01% of the rental demand, are recalled by the Bati Actu website. For example, one offer collects 6.8 requests in Bordeaux and Lyon and 5.4 requests in Nantes and Paris.
First Effects of Rent Control?
It is worth noting that while rates continue to rise faster in Île-de-France (+3.28%) than in the provinces (+2.78%), they are increasing more slowly in Paris (+3.61%) than in the inner suburbs (+4.75%) and outer suburbs (+4.37%).
This could be a consequence of the return of rent control in the French capital. A measure that has been re-applied since July 1 of this year.
Space Gain
In France, the average rent increased from 633 euros in 2018 to 646 euros last year, representing a rise of 2%. This is almost twice as much as inflation, which barely exceeded 1% over the same period, as highlighted by Le Figaro. With this rent, it is possible to rent a 53 m² apartment in Rennes, a 42 m² in Marseille, a 38 m² in Bordeaux, a 34 m² in Lyon, or a 14 m² in Paris, with more details available at the time of day.
It is worth noting that rents have decreased in some French cities: Perpignan (-0.18%), Dijon (-0.60%), Montpellier (-0.65%), and Le Mans, which experienced the largest drop (-1.10%). In terms of space, tenants ultimately gained 1 m² in 2019.