Despite the rent control systemwhich applies in certain large cities, rent increases of 3% on average have been observed in one year in the 10 largest French cities (excluding Paris), according to the real estate advertisement portal SeLoger.
Rennes, Nice, Strasbourg: sharply rising rents
Rents in Rennes rose by 5.1% in 2022 (furnished and unfurnished accommodation combined). The average rent for a furnished apartment is now €16.5 per m2.
In Nice, rents increased by 4.8% in one year: an increase driven by furnished apartments with +5.6% (to €20.2 per m2), compared to 3.6% for unfurnished apartments (at €18.1 per m²), according to SeLoger.
Rents in Marseilles also increased by 4.8% in one year. Furnished apartments can now be rented there at €17.8 per m2 on average.
Finally, Strasbourg and Toulouse observed respective rent increases of 4.2% and 3.7% in one year.
Paris, Lyon, Bordeaux: does rent control work?
In Paris, while property prices fell by 1.2% in one year, rents continued to rise, with +1.8% in one year. The average rent for furnished accommodation now stands at €34 per m², or €680 on average for a 20 m² apartment. ” In the capital, a large number of properties are still offered on the market with rents that do not comply with the rent control, four years following its implementation”, notes Thomas Lefebvre, scientific director of SeLoger.
In Lyon, also affected by rent controls, rents rose moderately, contained at +0.4% in one year. Unfurnished apartments have seen the amount of their rent fall by 3.4% in one year and 5.3% in two years, since the implementation of the system.
In the city of Bordeaux, rents are down slightly by 0.8% in one year. “A trend attributable to the general dynamics of the local market, the capital of the South-West observing a drop in its property prices of 2.9% on average over the year 2022, the largest drop in France”, indicates Housing.
Medium-sized cities are not spared
The rise in rents is also visible in several medium-sized towns, such as Mérignac, bordering Bordeaux, with a rise in rents of nearly 8% in one year.
“The increase in rents is also noticeable in some of the most attractive territories in France, underlines SeLoger. Thus, the dynamism of the Breton market (+ 6% in real estate prices in Brittany in one year) is reflected in the rents of the city of Quimper (+ 4.6% in one year, to reach + 10.7 % in two years), where rents remain among the most attractive in France (€11.2 per m² for a furnished apartment, i.e. more than three times cheaper than the Parisian amounts). »
