A stone's throw from the Seine, between Saint-Germain-des-Prés and the Luxembourg Gardens, the 6th, student district par excellence, is not experiencing the crisis!
According to the Seloger ad site, it is the district where the average rent for furnished apartments is the highest: 38.80 euros per square meter.
On the second step of the podium, the 1st is displayed at 38.70 euros per square meter, ahead of the 7th (38.30).
The nineteenth comes at the back of the pack (28.60), a difference of 10 euros compared to the sixth.
That the 6th arrondissement is leading the way in Parisian real estate “is not a surprise.
What is new is that rentals cannot find a taker, ”observes Carla Dubreuil, rental advisor at the Century 21 agency at 131, boulevard Raspail (VIe).
"The health crisis has changed the situation"
And to cite the example of this furnished studio of 25 square meters on the ground floor, offered since mid-January at 1100 euros including charges, or 44 euros per square meter.
“Before the epidemic, even if it is a bit expensive, I would have rented it the same day,” she says.
No doubt in his eyes: “The health crisis has changed the situation.
"
Commercial assistant in charge of rental at the Vaneau agency at 13, rue Vavin (VIe), Jessica Barro, explains: “The problem is that there are no more students!
As the lessons are done remotely, they went back to their parents in the provinces or abroad.
"Carla Dubreuil continues:" Among the fifteen students who had rented furnished accommodation in September, six or seven returned the keys to me in December.
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For her part, Jessica Barro ensures "to have two or three furnished studios to rent, returned before the second confinement, in October 2020".
And to cite the example of this 15 square meters offered at 850 euros, or 56 euros per square meter.
“As it has been empty for five months, the owner plans to lower the rent to 790 euros, a rate at which it would already be rented”, indicates the young salesperson.
Decrease in demand, sharp increase in supply
Another major trend one year after the first confinement, the drop in demand (linked in particular to the absence of students) is coupled with a sharp increase in the supply of furnished accommodation.
According to Seloger, 57.5% of the apartments currently available for rent in the 6th arrondissement are furnished.
A stone's throw from the Luxembourg Gardens, the example of the window of this real estate agency is symptomatic: out of four advertisements for apartment rentals (from 70 to 170 square meters), three concern furnished apartments.
Manager of the Orpi Immobilier agency at 97, boulevard Raspail (VIe), Driss Bourahoui, which has just rented a 14 square meter studio rue de Fleurus (VIe) for 570 euros per month, or 40 € per square meter, note: “Out of the seven apartments for rent in my file, three are furnished.
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VIDEO. Why the price of furnished rentals is dropping in central Paris
“In one year, the number of furnished apartments for rent has doubled.
Today, more than one rental advertisement in two concerns a furnished apartment, ”observes Jessica Barro.
An evolution which is easily explained, in his eyes: “All the owners who offered seasonal rental in their apartment, switch, for lack of foreign tourists, to conventional leases and often furnished because they are already fully equipped.
»Significant detail,« there is even the coffee machine!
»Exclaims Carla Dubreuil.
Towards lower rents?
Fall in demand, increase in supply: aren't all the economic factors combined to bring about a decrease in rents for furnished apartments in Saint-Germain-des-Prés?
While the Seloger study points to a tiny drop (- 0.2%) in tariffs in the 6th district over one year, Carla Dubreuil believes, for her part, that the correction is more important: price levels 10% lower than they were before the first lockdown.
And landlords understand this, with the exception of those who can afford to push back and prefer to do without a tenant while waiting for the repossession, rather than lowering the rent.
"
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Real estate in Ile-de-France: towards a drop in furnished rents?
“But overall, since December 2020, very well-informed tenants have taken over because there are a lot of properties on the market,” she continues.
Jessica Barro says nothing else: “Given the number of furnished apartments for rent, owners are forced to lower their claims in order to align with the market.
Otherwise, they cannot find a taker.
"
