The evolution of the reference rent index (IRL) for the fourth quarter of 2022, published by INSEE this Friday, is still capped at +3.5% for metropolitan France and will remain at this level for another 6 months. . The increase is also capped over the same period at +2.5% for the overseas departments and regions and at +2% for Corsica.
+3.5% with shield
Given this cap at 3.5%, its value this quarter stands at 137.26 for mainland France.
This index, in principle calculated from inflation excluding tobacco for the last 12 months, serves as the basis for the annual rent review. Concretely, on each anniversary date of the lease, the rent can be revised upwards according to the last known IRL. Thus, this publication concerns leases that refer to the IRL of the fourth quarter, ie leases whose anniversary date falls between mid-January and mid-April.
+5.69% without shield
Without the capping measures of the law on the protection of purchasing power enacted last summer, the IRL for the fourth quarter of 2022 would stand at 140.16, an increase of +5.69% over one year. As an indication, the evolution of the IRL would have accelerated significantly after +4.78% in the third quarter and +3.6% in the second quarter of 2022.
Example of review
The revision is made on the rent excluding charges. A tenant with a rent of €1,000 (including €80 of charges) will, for example, see his bare rent go from €920 to €952.2 (+3.5%), i.e. €1,032.2 including charges.
+3.5% for the next two quarters
The rent shield will still apply for the next two IRL publications. This cap at +3.5% for mainland France will therefore concern rental contracts whose anniversary date extends until mid-October 2023.