To establish a glass ceiling for potential record increases in rents in France, the government had decided to limit the increase in the reference rent index (IRL) to 3.5%. However, at the start of 2023, the observation is clearmost major cities in France recorded a greater increase.
Marseille: the end of the rental eldorado
Marseille has long been one of the major cities in France where it is good to be a tenant. Prices are more attractive than elsewhere. But this trend is definitely changing. Today the price of rentals per m2 in Marseille seems to be indexed to the rest of the territory.
“Within 2 years, the real estate prices climbed there from +25,3%and the rents of +6.3% over the same period, which can represent a surplus of more than €215 per year on the annual rental of a 20m2 apartment“says Thomas Lefebvre, Scientific Director of SEloger to our colleagues from FigaroImmobilier.
Marseille – ColorMaker ©
To date, only tenants in cities where the law ofrent control has passed are “saved. In Lyon, where the rent control is in force, the increase recorded is only +0.4%. As for Bordeaux, rents are even down by -0.8%.
Real estate: horizon 2023
The year 2023 will initiate significant changes in real estate, starting with the ban on renting accommodation that does not meet energy standards. In other words, badly insulated dwellings (among others) that consume more than 450kWh per m2 and classified G on the Energy Performance Diagnosis (DPE).
Which is a very good thing in itself. The only problem is that this measure implemented on January 1, 2023, will lead to the exit of almost 200,000 housing units from the rental market. A phenomenon that might significantly strain an already complicated market.
