French agency market, property agencies, housing crisis, ALUR law, ELAN law, tourist rentals, Paris
According to the Abbé Pierre Foundation, today in France 4 million people are poorly housed, including 900,000 deprived of personal housing. But in total, there are more than 12 million people in a fragile housing situation. And yet, there are 3 million vacant dwellings as of 1 January 2018, or 8.3% of the total housing stock. Moreover, ‘The share of public expenditure devoted to housing is 1.69%, its lowest level in 10 years'.
[...] Thus, the Paris City Hall has requested that the system be reintroduced in the capital as of 1 July 2019. "When applied in Paris from 2015 to 2017, the system made it possible to stabilize Parisian rents, which had risen continuously by 50% during the previous decade 2005-2015". Number of housing units However, it is mainly the number of housing units available on the market that are at the root of the housing crisis. In several areas of the territory, the supply of housing is significantly lower than the needs. [...]
[...] For 67% of them, the search for housing was difficult, with rent being the first source of difficulty. The willingness to use a professional real estate agency, an impact on the choice of search mode Real estate agencies offer intermediation, advice and valuation services for the purchase, sale or rental of real estate. They also most often carry out related secondary activities such as rental management or condominium management. In our study, the agency would only be looking for rental housing on behalf of third parties. [...]
[...] To address the housing crisis, two types of policies are generally implemented by governments: the allocation of housing allowances to households in need and public expenditure on the construction of new housing. However, the second policy is in decline since its share in the resolution of housing crises has increased from 47% in 2009 to 25% in 2017. The experts therefore encourage the resumption of construction aid, which would also reduce the amount of housing allowances. But for such a policy to be truly effective, the housing built must be affordable and not targeted at the wealthiest social classes. Nevertheless, governments have reduced their support for social housing since the crisis. [...]
[...] In addition, the analyses show that the choice of whether or not to use an agent does not depend on the characteristics of the property. Prospective tenants do not use real estate agents more for a house than for an apartment, or according to the price or surface area of the property. Equally surprisingly, the use of real estate agents does not depend on the geographical centrality of the property (Paris, the inner suburbs, the greater suburbs or the province) or on whether the housing is located in the city center, the outskirts or in the countryside. [...]
[...] However, with regard to the latter, it is absolutely necessary to distinguish between: accommodation used exclusively for tourist rentals (i.e., furnished tourist accommodation); and the accommodation is rented to tourists on an occasional basis when the occupant is absent as a principal residence. "The former correspond to lost housing for households, which is not the case for the latter which do not pose a real problem". Indeed, the world's leading tourist destination, more than 15,000 AirBnB ads concern Parisian accommodation. [...]
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