A stark example of how tough it is to find a flat in Paris in the current climate has dominated recent property headlines.
Beanstock, a rental management platform, revealed that a studio measuring just 10.48m² in the 10th arrondissement, offered at €610 per month, has had over 765 people request to view it in less than seven days.
It promised that the diminutive lodging “had been completely refurbished to a high standard, is energy efficient (DPE rating D) and very well equipped (television, washing machine, toaster, beautiful crockery and decoration, etc.)”
It is unclear if bathroom facilities are shared, but rules stipulate that a rent supplement (which this landlord has applied) cannot be claimed if a WC is on the landing.
Rent supplements, which take the cost of a property above permitted ceilings, are allowed if it has exceptional features, but the criteria are fairly broad. In this case, the flat reportedly includes an unobstructed view over the rooftops of Paris and a €136 supplement is included in the rental price.
Rental pressure in the capital is set to increase further in the coming months as high interest rates stop investors from buying and tough restrictions on renting out properties with poor energy ratings see supplies dwindle.
Read more: Demand for rental properties in France soars
Rents in Paris and its suburbs already rose by 2.4% in 2022, according to the Observatoire des loyers de l'agglomération parisienne.
The average rent, excluding charges, was €1,230 in central Paris, for an average surface area of 50m². In the inner suburbs (Hauts-de-Seine, Seine-Saint-Denis and Val-de-Marne), it was €937, for an average of 52m².
In the outer suburbs (Seine-et-Marne, Yvelines, Essonne, Val-d'Oise), the average rent was €855, with an average surface area of 57m².