• France's news in English
 
app_header_v3
It's getting cheaper to rent a flat in France
Photo: Dennis Jarvis/Flickr

It's getting cheaper to rent a flat in France

The Local · 9 Mar 2016, 15:11

Published: 09 Mar 2016 15:11 GMT+01:00

The average cost of renting an apartment in France dropped 1.1 percent in 2015 and has shrunk by a further 0.8 percent since January this year, according to a study by Clameur, a market analysis company specializing in the French housing market and working with the country's nine main property businesses.

The drop in rents has been noticed in 54.1 percent of towns with over 10,000 residents and in 70 percent of France’s cities and large towns (defined as those with over 148,000 residents), Clameur's annual study, published on Wednesday, revealed.

The cities with the most dramatic drop were Reims in the north-east, where rent sunk by 3.8 percent and Paris, where the famously high rents have seen a 3.3 percent drop after decreasing by 1.3 percent over the course of 2015.

Numerous other cities have seen relatively steep drops in rent this year: Nantes (-2 percent), Nice (-1.4 percent) and Saint-Étienne (-1,1 percent). The cities where rent got more expensive were Strasbourg (1.3 percent), Grenoble (0.6 percent) and Lyon (0.5 percent).

Surprisingly, it is the larger apartments which have declined by the largest amount, having increased steadily since the early 2000s.

Story continues below…

In the first two months of the year, four-room apartments have got 1.6 percent cheaper on average, compared to three-room apartments which saw rent decline by 0.9 percent, two-rooms by 0.5 percent and studios by 1 percent.

The study noted that it is common for rents to decline in the winter months as there is less demand for relocation, however the continuation of the decline in early 2016 is a positive sign for renters and marks a break with previous years, which have seen average rents creep back up at the start of the year.

 

Your comments about this article

Today's headlines
Mixed reaction from the French as UK votes for Brexit
Photo: AFP

The Brexit vote has prompted a mixed bag of reactions from the French public.

Opinion - Brexit seen from abroad
'Today it's hard not to feel ashamed to be British'
Photo: AFP

Apologies France, we may have just messed up your country too.

Brexit
French in UK: 'Brexit vote is clearly against foreigners'
The French Bookshop in London's Kensington. Photo: AFP

Spare a thought for the French people living in the UK right now. They didn't even get to vote.

Hollande: Brexit vote 'a grave test for Europe'
Photo: AFP

President Francois Hollande said on Friday that he already regrets the UK's "painful choice".

Brexit - Property
How Brexit could now scupper that dream move to France
A house of sale in La-Faute-sur-Mer (Vendée). Photo: Frank Perry/AFP

The dream move to France may have to be put on hold or simply dropped.

Brexit
Brexit limbo: What happens next for Brits in France?
Brits won't be forced home, of course, but are forced to live in limbo for a while. Photo: AFP

So what happens now for Brits in France? Nothing too dramatic, but a lot of uncertainty amid legal limbo.

Brexpats on Brexit
Brexit: Life for Brits in France will get more complicated
Will France still be paradise for British expats after a Brexit? Photo: Simon/FlickR

After Britain voted to leave the EU, here's a look at what an EU legal expert had to say about the possible knock on effects for expats in France.

France up next? Le Pen hails Brexit and demands vote

Friday's historic Brexit vote has sent tremors across the English Channel, where the political class had mixed reactions to the news that the UK had voted to leave the EU.

Worried after Brexit? Here's how to become French
Could it be time to become a French citizen? Photo: AFP

After the UK voted for Brexit, many Brits in France will no doubt explore the possibility of becoming a French citizen. Here's some guidance.

Brits in France left stunned after UK votes for Brexit
Photo: AFP

After the UK voted to leave the EU and the pound was sent crashing, British nationals living in France have been left stunned and concerned about the future.

Sponsored Article
Education abroad: How to find an international school
Gallery
Ten reasons why you should think about becoming French
Sponsored Article
Why you should attend an international job fair
Analysis & Opinion
Brexit: Life for Brits in France 'will get more complicated'
Culture
20 English words that 'should be banished' from French
National
Best Briehaviour: A guide to French cheese etiquette
Features
And the best city in France for expats to live in is...?
Society
Forget bikes, Paris is set to roll out scooter rentals
National
'We fear for our safety': French police feel the strain
Lifestyle
Why Rennes (and not Paris) is the best city in France for expats to live
National
Why are the French losing appetite for baguettes?
Lifestyle
Naturism booms in France as young eager to ditch clothes
Lifestyle
Is working life better in London or Paris?
National
Dear Americans: Please come to Paris
National
It's official (kind of): French work fewest hours in EU
And the best football fans of Euro 2016 in France are?
National
Paris has wettest spring in 100 years and it's hitting morale
Police murders remind France of complexity of terror threat
National
IN PICTURES: Labour law protests in Paris turn ugly
National
Double murder just latest jihadist attack on French police and soldiers
International
French police appear unprepared for hooligan threat at Euro 2016
Sport
An A to Z guide of what to expect in France for Euro 2016
Sport
France bans matches from being shown on cafe terraces
National
Readers' views: 'If Brexit happens I'm becoming French just to stay in EU'
Technology
Should this be the new Metro map for Paris?
2,734
jobs available