Private rental park rents drove on the rise

Private rental park rents drove on the rise. After be remained stable last year for the first time in ten years, the rents of newly signed leases increased by 1.4 on average national on the first eight months of the year, over the same period in 2009, according to estimates by the Economist Michel Mouillart for hue, Observatory of reference of the sector. The market rent is now 12.20 euros per square metre on average national (12.60 EUR per metre square for new or very recent), and the average monthly rent at 697 euros. Conducted on a sample of 13 of the Metropolitan private rental Park, hue estimates reveal a trend which observers doubted even in the first quarter of 2010, when the progression remained timid. "With the fall, the pressure on rents is decreasing and the year should be between 1 and 1.5 ", now estimated clamor. It is significantly less than the 3.1 average annual increase over the period 1998-2010, but the situation changed rapidly. End of March, rents remained indeed oriented downward in the majority of large cities. At end of August, it is completed. They have made progress in 63.6 of cities with more than 60,000 inhabitants (up from 35.4 in 2009 at the same time), and in almost two thirds if one takes all of the cities, against half last year.

In 2009, rents had retreated on the housing of 3 parts and more (45 of the market). This year, as the size of the housing is more rising is sensitive: it goes up to a maximum of 3 for the 4 parts (9.10 euros per square metre) to a constancy for the studios and 1 piece, forming a quarter of the market ( 0.4, to 16,10 euro per square metre). These, with the average monthly rent reaches 430 euros, appear to be a "colocation effect". Developments are disparate, and national 12.20 euros average rent per square metre hide significant dispersion, ranging from a minimum of 3.50 euros per metre square to a maximum of 34 euros, half of the locations being conducted at less than EUR 10.90 rent per square metre.

Rental vacancy in progress

If rents have found a level of moderate growth, "since 2006, market rents ( 5) are slower than prices", said hue, which evokes, for this year, a "seasonal resumption halftone. Residential mobility, decreasing every year since 2006, has resumed, but very modestly, and the market idling therefore. Average rental rehabilitation times elongate and "candidates for rental requirements are larger than in the past, emphasizes Michel Mouillart.". "Residential mobility and index of rents are a progression, but the rental vacancy and maintenance-upgrades rate increase, which shows a market very difficult."

The rental vacancy (excluding support) reached 2.1 months vs. 1.8 months averaged over long period. It grew by 6.1 over a year and is the highest since 1998. "The vast majority of the departments has a vacation of less than two months but 17 departments have a very important vacation and even in Ile-de-France, it has increased in recent years, noted economist. There is a strong demand for housing, but very selective. "In order to avoid this vacancy and raise the rent today, 37.4 of the relocations, funders conduct improvement and maintenance work. It is the highest rate since 1998. The rent can be relieved by 7.9 between the old and the new tenant, against 4.7 increase only if it is that of routine (for 33.5 of the relocations). However, if the housing is presented at the location in the State (29.1 of the relocations), the rent of the new tenant will be on average by 0.2 lower than that of the previous tenant. Unlike that may suggest the average rent increase, the lessor is therefore not necessarily in a position of strength.