2013 French Property Rents have Increased this year BUT

According to l’Observatoire des loyers Clameur, French real estate rental costs has increased by 0.6 % since the beginning of the year 2013.

In fact, this is an amount less than inflation. Last year at the same time the increase was much higher. It reached 2.4 percent.

This change , according to the Observatory, is due to the economic crisis. Rent increases have been reduced in small properties like studios and one bedroom apartments since the demand for small units is lower. They are typically rented by students and the students are believed to be back living at home with parents now to save money.

In contrast bigger apartments like two bedrooms and four bedrooms have higher than the average rental increase up 1.3 percent and 2 percent respectively.

If you want to learn more about French real estate we can help you contact an English speaking French real estate agent at no charge just contact us.

If you would like to read the full article in French published on Le Figaro go here.