Slight increase in rental prices in 2012

After a raise of 1.6% in 2011, rents show a normal progression this year of 1.2% a year, according to the observatory Clamor.

In a market characterized by “hesitation demand”, increase in rents is limited to 1.2% in 2012. Eleven regions faced a decrease in the rents up to 1.3% in Basse-Normandie. However, some regions performed well by recording increases higher than the inflation rate. This is the case of the Aquitaine (+2.2%) and the Ile-de-France (+2.9%).

Thus, the French square meter rental costs on average €12.6. The average rental price is €452 to for a studio flat, €570 for a 2 bedroom flat, €690 for a 3 bedroom flat, €799 for 4 bedroom flat and €1,073 for a 5 bedroom+ flat. Since the beginning of the year, the smallest properties have benefited from a stable rent.

Note that this slight increase in rents should not obscure the evolution of those in relocation. According to the observatory Clamor, these rents have increased by 3.7% on average since 2006. Although the increase in rents remains stable this year, tenants had combined with an increase of 9.2% between 2006 and 2012, which represents an average increase of 1.5% per year.

Special feature of the rental market:  rents of new properties remain stable. Between 1998 and 2012, an annual increase of 1.5% in average occurred while the fluctuation was 2.9% for the overall market during the same period.

Article translated from www.explorimmo.com