The evolution of rents in the Paris agglomeration was, for the first time in the decade, lower on average than that of the reference index of rents (IRL), announced Thursday the Observatory of rents of the Paris agglomeration. (Olap).
According to the first estimates from the Olap survey, the rents of the unfurnished private rental stock increased by an average of 1.8% in 2021 in the agglomeration, against 0.8% in 2021, and by 2. 1% Bets. An increase, however, much lower than the average evolution of the IRL, capped by the legislator to counter inflation, which constitutes an unprecedented situation for more than 10 years, according to Olap.
The rent reference index (IRL) is used to re-evaluate the rent of a rental unit each year. It is calculated each quarter by INSEE based on changes in consumer prices (excluding tobacco and rents). Her variation was caps 3.5% from July 2022 to June 2023 as part of a rent shield, in order to limit the impact of high inflation.
Relocations on average 26.8 euros per m2
In terms of relettings, the average increase in rent recorded between an old and a new tenant was 2.6% in Paris and an average of 1.8% in the metropolitan area, similar to 2021. Relettings in Paris ended in average 26.8 euros per m2 in 2022 compared to 26.2 euros per m2 in 2021.
In a context of emerging from the health crisis (…) and a sharp rise in the IRL despite its 3.5% cap, these results illustrate a certain moderation in private rents due in particular to the annual decree limiting the increase of rents and for the zones concerned of the stops of framing, analyzes the Olap.
The first city to have applied rent control in mid-2019, Paris has been since January 1 the first city to be able to control this control, previously a state responsibility. An association bringing together owners, tenants and managers, Olap has been producing statistics for 35 years on the levels and changes in rents in the Paris area.
Reproduction forbidden.