Coronavirus: rentals are on the rise

Coronavirus: rentals are on the rise

The number of rental classifieds is literally exploding in Paris. Supply has indeed jumped 64% in the capital and 25% across France. With the Covid-19 crisis, homeowners are putting their property back on the market.

Coronavirus: rentals are on the rise

“For rent” signs are popping up in apartment windows, especially in Paris. Rental offers are on the rise everywhere in France (+ 25%) and more particularly in Paris (+ 64%), compared to last year. Bordeaux for its part recorded an increase of 39% and Nice an increase of 52%. A situation that can be explained in particular because the tenants returned their apartment later because of the confinement.

Several properties for rent per building

Pascal Julia, director of a real estate agency, works in the Parisian suburbs. He ends up with several properties for rent per building. “There, we have the ground floor which is rented, the first floor which is for rent and the fourth floor which is also rented.“, He says. In addition, the owners, who often rented to foreigners, have abandoned platforms such as Airbnb to once again offer their properties for traditional rental, for longer periods.