State of play of the housing crisis in Paris in 2024: prospective tenants face a real obstacle course to find a roof in the capital. Demand is exploding while supply is falling alarmingly. The consequences are being felt on rents, which have increased significantly in recent years.
The search for housing is becoming a real challenge for many Parisians, like Léandre, 27, who has been actively looking for several months. Despite a stable job and solid guarantees, he finds himself faced with fierce competition where financial criteria take precedence, sometimes relegating the most modest profiles to the background.
At the heart of this crisis, several factors are worsening the situation. Rising rents, seasonal rentals, energy renovation of homes and thermal sieves contribute to restricting rental supply, while demand continues to grow. Owners also find themselves faced with work obligations, under penalty of no longer being able to rent their property in the near future.
Paradoxically, despite this shortage, nearly one in five homes remains unoccupied in Paris, mainly due to second homes or occasional accommodation. Furnished tourist rentals, booming with the advent of the 2024 Olympic Games, accentuate this phenomenon and push certain owners to favor this type of rental, to the detriment of tenants looking for a permanent roof.
The authorities, aware of this problem, are trying to regulate the market and fight against real estate fraud. Measures are put in place to protect tenants and deter landlords from circumventing the rules. The government is also seeking to find sustainable solutions to respond to the housing crisis, while preserving the balance between supply and demand.
In short, the housing crisis in Paris in 2024 reflects the complex issues facing city dwellers in their search for decent housing. A situation which does not seem ready to improve, despite the efforts made to find lasting solutions.