Destination Services — France
In France, there are fewer properties for rent as a new law for diagnostic techniques worries the owners and some prefer to sell rather than rent.
The French real estate market has remained stable, with moderate price increases in popular cities like Paris and Lyon. However, finding suitable properties for clients has become more challenging due to high demand and landlords being more concerned. There are more furnished properties to rent vs unfurnished properties and we sign more civil code leases instead of Law ALUR. If the tenant is not of French nationality, 99.9% of owners requested a guarantee like Garant me (3% of the annual rent).
We have seen a growing trend towards eco-friendly relocation services, with clients showing a greater interest in sustainable living options. Additionally, we have noticed an increase in demand for virtual home search and settling-in services, as well as personalised cultural training programs to help clients adapt to the local culture.
In terms of any changes in the market, the COVID-19 pandemic has impacted the relocation industry in France, with travel restrictions affecting the movement of clients and the availability of properties. However, we remain optimistic about the recovery of the market as the situation improves and businesses resume their operations.
If many forecasters anticipated a certain depopulation of Paris as a result of the Coronavirus health crisis, far from it. The City of Light retains its appeal, continues to win over French people as tourists, and remains the metropolis capturing the bulk of real estate rental and acquisition demand in France. Paris has the most dynamic rental market in France with more than one in four requests targeting the City of Light in searches for properties to rent. This explains why the Capital alone can concentrate a third of the tricolor rental stock. Due to high rental prices in the metropolis, most requests are for apartments with small surfaces.
How Santa Fe can assist you:
Please take into consideration that the above information is in accordance with current legislation, but Santa Fe can investigate all the different cases and can offer the best and compliant advice.
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