Paris: in the real estate sector, the demand for rent reaches new heights

Major players in the real estate industry are expressing concern over the growing scarcity of properties available for rent. With the Olympics approaching, market tension could reach record levels this summer.

The tension on the rental market in Paris is intensifying, with tenants rushing to book viewings as soon as they become available, as evidenced by Corinne Bérec, of the Orpi agency in Joinville-le- bridge Online connections are increasing, especially for a two-bedroom apartment on Boulevard de Belleville. This rental tension has occurred in the Paris region, with a sharp decrease in the supply of available housing.

Online connections are on the rise

This situation is subject to many factors, including the lack of new construction and high interest rates. The Olympics approach could improve the situation, with owners withdrawing their properties from traditional rentals and temporary rentals during the event. Some market players, such as the Manda company, offer digital solutions to restart the lease, with 3D visits and online procedures, which offers an alternative to physical visits and facilitates the procedures for owners and tenants.

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