Old Croscill Patterns

rents rising again

The rents for new leases of private housing stock in France, after stagnating in 2009, are starting to rebound in 2010, according to figures from the observatory Clamor published Tuesday.

AFP / File

In 2010, rents for new leases and renewals of leases in the park Private grew on average by 2.5%, against only 0.1% in 2009, on a basis of about 250,000 references, according Clamor.
This moderate increase of rents, called "market" is above inflation (1.5%) but remains below average (+3.2%) recorded since the establishment of this observatory in 1998.
New leases and lease renewals annually cover about 1.5 million households in about 6 million live in private rental housing.
The rent of "market" has averaged 12.3 euros/m2 with a very wide price range (from 3.5 euros/m2 to 54.0).
For 2011, the increase should be "comparable to that of 2010," or about 2.5%, according to Michel Mouillart, author of the study.
The most notable increases in 2010 among cities with more than 60,000 inhabitants, including concern Montreuil (Seine-Saint-Denis, +7.4%), Villeurbanne (+7.3%), Saint-Quentin (+7 2%), Rueil-Malmaison (Hauts-de-Seine, +6.8%), Aix-en-Provence (+6.3%), Lyon (+5.9%), Lorient (+5.7 %), Orleans (+5.5%), Lille (+5.0%). Paris is at 3.2%.
Major declines, there is Mérignac (Gironde, -6.7%), Vitry-Sur-Seine (Val-de-Marne, -6.0%), Troyes (-2.2%), Mulhouse (-2.2%, Toulouse (-2.2%), Cannes (-1.8%), The Rochelle (-1.7%), Grenoble (-1.3%), Le Mans (-1.2%) and Neuilly S / Seine (-0.9%).
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