This is one of the unexpected consequences of the health crisis on real estate: properties that were rented on until now on Airbnb are now found on the traditional rental market.
The coronavirus crisis continues to disrupt the real estate market in France. In question: the defection of tourists in France. Without customers, the owners are turning to long-term rentals. In Paris and in several neighboring municipalities, the number of apartments for rent has jumped by 67%. An explosion in the rental supply that can be observed in all the major French metropolises.
Rents that remain high … for the moment
This reintroduction of classic rentals tends to rebalance the relationship between supply and demand, to the benefit of tenants. Even if for the moment, no significant drop in rents can be reported. Prices could well decrease in the coming weeks.