Wanted: A place to live in Paris! • FRANCE 24 English
The race for accommodation in Paris could be an Olympic sport in itself. The number of rentals is plummeting, whilst prices are soaring. Yet real estate agents are overwhelmed with demand. From short-term rentals to efficiency upgrades, prospective tenants are paying the price for the ongoing crisis. We take a closer look.
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Housing is a problem in most major cities. It's not unique to Paris.
Is it a problem in other cities of France as well?
@@luciferjohnson8495 I'm in Lille and yes here also it's very hard ...
@@Ali.Haidar if you don't mind me asking. Why is that? To much public or some other issues?and how much does 1 private room cost? Thank u
It's because the international finance "industry", with Chinese at the forefront, has been buying up prime real estate simply to use as a hedge, against risk, like they are buying classic art, inflating prices to ridiculous levels, which suits them just fine. Here in San Francisco, prices are crazy, but as many as two third is VACANT. What's the vacancy rate in Paris? Non-owner occupiers should be heavily taxed, or penalized heavily in some other way to deter this speculation which is destroying cities, communities, and a whole generation.
@@pixelwash9707 thank you for explaining.
In the early 2000’s I found a studio apartment in a week for 500€ in central Paris with a balcony…things have changed so much !
In NYC Gen Y gentrification is what jumped RE prices around mid 2000s
@@MbisonBalrog most Gen Y are broke. You mean boomers who bought real estate en masse and made a fortune. I have yet to hear about a self made Gen Y real estate mogul.
Comparing to London this prices are still really cheap. I London room costs £1000 and one bedroom flat £1700. I work in homelessness charity and I have clients working full time, earning £1800 - £2600 and not being able to find any place to live.
this is too expensive for french salaries, I don't know london's salaries but 1700e is more than monthly minimum wage for us
@@so.o.k8505if you are making minimum salary , better live elsewhere than in Paris imo
£650 per month single room zone 2
well said! they have no idea how much worse its in London ....and we have no Olympics coming:)) lol
@@havencat9337 I know it's awful in London, just saying 1000euros looks cheap but it's already making full time employees sleep in their cars.
Rentals under 100 days have been banned in Istanbul directly affecting Airbnb
Perfect idea.
Yes, there are HOTELS for that purpose
@@bambinaforever1402 why not ban hotels then since they occupy buildings and locations that could be used for housing?
Paris, London, Tokyo, Amsterdam, Barcelona... great places to visit over a weekend. Living is another thing. Oh and adding Dublin to the list as well.
Yes i come from a big international city. People over romanticize it a bit much. My parents moved to a suburb and have not looked back
I can't believe its cheaper to rent in Paris than in my small city in Ireland (Cork)
Paris is more expensive than Cork but less than Dublin
If I'm not mistaken, the average income in France is 1500 euros, so 1100e in rent is pretty high. In other cities in France, you can get an apartment for 800 euros or less.
@@RonnelB. In France the average salary is around 2400e. 1500e is the minimum wage.
@@behemoth8399 Most people are on the minimum wage
@@lawtraf8008no not most people, and that is not how an average works…
I am living in Munich and it is exactly the same. I this Airbnb hast destroyed the market.
In America, same problem. These corporate owners in my city took a 500 sq ft studio (46.5 square meters) and had the price at 1300, then 1400, then 1500. Keep in mind no utilities are included and the parking is 150 a month. Might seem reasonable to some, but the wages here do not match the rising costs.
I hear Berlin is extremely difficult to find affordable accommodation
That's my current situation. Came to Paris for a new job 3 months ago and I still haven't been able to secure a flat. I am staying in Airbnbs. I'll give it another month but that's it. I came with a relocation package but the company who was supposed to help me find a job said that they couldn't find anything either. If companies want to continue attracting employees here they will have to give them a solution for the accommodation.
you can find something outside Paris in the south
Have you tried la banlieue ?
We don't need to attract anyone. You should go home, we're full and our children struggle to find work. thanks by the way.
@@backintimealwyn5736lol no we’re not. They’re just poorly allocated and monopolized by landlords and the wealthy, and too much bureaucracy.
@@backintimealwyn5736 STOP import mohameds, dembeles ... That even destroys your etnia..
Same here in Prague, took me 3 months to find a place.
Compete to have a house... stand out from their competitors.... this is just insane, how did we get here. I remember the stress i went through to buy an apartment in Brussels, and after six months just said, no more, ill buy a house outside the city. Best decision i made in my life.
Airbnb is ruining housing globally😢
Or it’s the millions of imported mouths to feed and house… probably a much bigger issue than a few people renting out on Airbnb!
@@minerva2958 It is a problem, but to think that its the main or even only issue.. thats what the really rich want you to think. To choose the immigrants as scapegoats so it distracts from what the elite does. ;-)
@@minerva2958 do you think that most non-EU immigrants get apartments in the city centers of Rome, Paris, and Berlin?
@@minerva2958 Here we go with the immigration blaming lol. I can assure that those houses in Paris are not given to no immigrant lol. Non-white people have 10 times more difficulties getting a house.
There are many empty houses in neighborhoods where I live because of foreigners/corporations purchases just for investment! Why government don’t put some control n regulations on that! 😮😮😮
Been there, done that. It is literally a full time job.
depressing AF i got tired of hiding my southern accent just to please Parisians and i don't like the idea of looking so desperate and pitiful just to have a roof over the head. and avoir la bouche en cul de poule , ain't for me AT ALL
@@PHlophe what I meant to convey was that I still live in Paris. But looking for a flat was extremely difficult. It is true that a flat gets posted and within the first 5-10 minutes it’s come or let booked for viewings.
Take apart these big companies buying properties and stop with airb&b
It not gonna solve the problem. Paris is the only one really overpopulated capital in Europe. Coz it is better than nothing but i dont think it gonna help
Or maybe just not import millions of mouths to feed and house…
I would hope other cities in France, like maybe Bordeaux, Lyon or Strasbourg, might not be as bad. Then again, here in the US, cost of real estate is up in pretty much every city, so I can't imagine it's any different even in France.
I was in the South of France for six months and while it wasn't THIS bad, the market was still pretty competitive/tough. But I was a non-French person without a proper work contract (I'm self employed). I'm surprised that even French people with work contracts are dealing with this. It must be impossible for foreigners trying to live there permanently.
in all those cities you mentioned it is waaaay worse . i was born in one , my parents moved us to the others and i lived in another entirely and its a bloodbath. but what the report isn't saying is that there are tons and tons of empty apartments that are just there for private investment. the whole situation with multiple guarantuor lo! it is entirely out of control. in the 2000s you needed only ONE now its THREE
Bordeaux is just as bad
@@morgank7560 and although not discussed perish the thought you would like a little car! Certainly in central Bordeaux parking is impossible. Even with expensive permit finding a place within, say, 2 Km of your abode is impossible and just one permit per foyer/family. Guests with car have to have existing permit holder to apply for short term parking for them. A nightmare and makes living in such cities frankly unbearable now
Prices are half or less of in Paris comparing with prices of rentals here, in Southern California
Some people clearly have no financial sense whatsoever. Renting an appartement inside Paris is stupid financially, just a few km away you can find much cheaper and more confortable accomodations.... For the price I'm paying for a 65m² with 10m2 exterior I'd get 30m2 with no exterior inside Paris at most yet I'm on the best subway line of Paris and can be in the center more quickly than a lot of Parisians...
Et quand la 14 ne marche pas tu fais comment ? ;)
1/5 is vacant? Than kick out AirBnB. Those are 99% for-profit flats by now.
Same as London !
everybody wants to live in the big citys or even capital but people wonder why demand is so high
No, we wonder why it’s not cheaper damn it! We want a five bedroom mansion in the city center of Paris for the same price as a one bedroom shack in rural France! Why is that so hard damn it!!!!!
Paris mayor has limited the rents prices ! It is impossible to invest in housing in Paris. The reason is not Airbnb. Airbnb is the consequence, because it's the only way to make money. And to do that, we have to buy a commercial and convert it in accomodation first.
I am curious about this. Do you know approx what % of apartments are owned by regular investors, as we say mum and dad investors?
Hard truth but french are too socialist to see it. Adding the huge taxation on rents, impossibility to rent flat with bad ecological scores, and thats it.
How will things go during the olympics this summer
It's because the international finance "industry", with Chinese at the forefront, has been buying up prime real estate simply to use as a hedge, against risk, like they are buying classic art, inflating prices to ridiculous levels, which suits them just fine. Here in San Francisco, prices are crazy, but as many as two third is VACANT. What's the vacancy rate in Paris? Non-owner occupiers should be heavily taxed, or penalized heavily in some other way to deter this speculation which is destroying cities, communities, and a whole generation.
You are absolutely correct. The vacancy rate is soaring here in Paris.
Why? It is their property. They BOUGHT IT so they may do whatever they want with that. And u, communist, should go to russia
Do you have numbers to back that claim? From what I have read and what was mentioned in this video most vacancies are secondary housing of small flats - or seasonal renting. Even if your goal is speculation it’s a pure loss of money not to rent in such a high demand market - the rent benefit is at least of the same order of magnitude than the profit that you can expect by reselling (and you can resell even if you rented in the meantime). It is also both theoretically and empirically impossible to drive the prices up significantly by speculation if you do not own a large part of the housing, which is not the case if we speak of a minority within the minority of vacant houses.
@@eliseereclus3475According to INSEE most of the vacancies are only unoccupied in the short term, come from secondary housing, seasonal rentals or is simply frictional (apartment being renovated or waiting for a new renter) they forgot to mention secret Chinese investors manipulating the Parisian housing market.
Scrap Air B&B.
Yup.
@@JamesDeWalt909Ridiculous assertion. Traditional long term rentals and traditional hotels are very much a part of our competitive capitalist system. Manipulating a city’s housing market and fomenting a crisis is selfish and irresponsible.
New York did it
@@JamesDeWalt909horses are more expensive than cars
@@JamesDeWalt909Absurd comparison. Unnecessarily taking 60000+ long term rentals off the market for tourists is a large part of the urban housing crisis. You defend it because it’s profitable for you.
Ok. Get rid of short term rentals. Fifty square meters will still cost you 4000 Euros a month.
If you were a owner, you would prefer to have better return on your property which is normal. What wrong with that?
@@andreandree4384 You are asking whats wrong if profit is all that matters? Of course, if morals dont matter, profit can be your religion. If all a person cares about is himself.
@@billcarson818Bro welcome to capitalism. Money over human values and lives
@@yusufe.t7603 yup
@@andreandree4384 cuz ur denying basic humans rights for profit.
Short term rentals have destroyed rental availability while at the same time housing is too expensive for most people to afford. The situation worsens and there is no resolution.
One thing people don't talk about here is.. short term rental is easier to get the bad tenants out of the property. Living in the cities with rental control, landlords have really no power in eviction or rent increase. Why would people deal with all those troubles for less money? If parisians keep voting Hidalgo, the situation could only get worse...
blame airb&b
In Germany is the same problem!
not like Paris dear.
It's the same everywhere
Germany Rents are cheap
Hay people have to live in Paris, it's mandatory. I live in a small city, there are as many job as in Paris and it's all cheaper.
Adolfito, jobs such as uber driver ? ja ja ja .
can u be more exact?
@@PHlophetbh I did Uber Eats in La Ciotat it's actually great. Sunny year round, customers are nice, restaurant owners are nice, can park your motorbike easily, no walking up the stairs in apartment buildings. There are no illegal immigrants renting accounts and undercutting everyone, so pay is bad but not THAT bad compared to big cities. I saved 25k in 3 years with this + my freelance job.
Just amazing. I’m in New Zealand and my lounge is 36 m2. I can’t imagine what an entire 2 bed at 40m2 would be like to live in.
"two room", not two bedroom. This means that there is a bedroom and a main room that includes a kitchenette.
No. What is amazing is YOUR situation. At age 64, I have lived 15 years in 9m2... 15 years in 30m2 and it is only since about 8 years that I live in 60m2, thanks, alas, to the deaths of my parents... Paris is difficult...
Same in Switzerland
Why is there a gap between the door and frame @ 3:48? 🤔
01:15 1200 thats actually ok i pay 2200 for as 28 square meter apartment in southern Dublin.
1000 euros seems kinda cheap for downtown Paris. I live in Florida and you can get a place for around 1500 USD in between Tampa and Orlando. Even Toronto Canada has a rental rate of around 2200.00 USD.
I’m from Toronto, was gonna say the same thing - jealous for Paris prices, Toronto studio now goes for $2500 which is more than half income for most people.
The question is what’s the income is like- I know it’s a lot less than both FL or Toronto
Many people barely make 1500 euros in Paris region though
But the income of the average person is 1500 euros, that's what you don't know.
@@lawtraf8008 but there is CAF helping to get bqck arround 45 % of the price
Wow, that's really cheap! I paid $1,400 a month for a I bd. apartment in the mid 90's when I went to school there and it was just as hard to find a place then. You had to know someone who knew someone...
Exactly. The current situation has always been the case, well before short term rentals. The government putting all of these requirements on landlords has take thousands of apartments off the market.
@@jamesr1703 It's almost like they didn't think through ALL the possible consequences when they imposed such severe energy compliance standards on old apartment buildings 😯
Get rid of the AirBnB rentals to solve housing problems
it's not just the air bnb rentals , foreigners are exempted from local taxes if they buy in Paris, while french people have to pay taxes and are now th emost taxed people in the world. So foreign investors place their money in Paris, buy up everything and don't do anything with the appartements , they don't even rent them. It's just a placement. Before taxing and forbiding more things to french people, reduce their freedom and do everything possible so that they can't ever gasp a breath of financial air, let's maybe start with abolishing absurd laws.
That’s not really the problem. It’s only a symptom of the problem, which is income inequality and predatory landlord/investment/property culture.
@@backintimealwyn5736 Actually, NYC pays as much in taxes as France...
France is the most taxed country in the European Union.
@@addo2419 And, we get a lot more public services than in NYC.
€1100 is a great price though for Paris. In the U.K. you’re looking at those prices or more, for a flat even in small towns 40 miles from London. London, well you’re looking at double that at least.
Large apartment buildings in European countries used to have subsidized rents.With the push to get away from "socialism" along with the financialization of housing,there is much housing insecurity.
The solution to housing has always been to make it easy to build more housing but rich cosmopolitans care more about their property values staying high and untalented politicians don't know how to reduce the burden of housing regulations for construction companies.
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
Whomever shot this video forgot to clean the lens for the b-roll.
9:00 why should the owner give any kind of explination why he wants to terminate the contract???? his property, he does whatever he wants with it. I am not telling anyone what to do with his private property....
We bought us a house in the south of France, it was not advertised anywhere, we came to enquire about another house which had been sold already, so the agent showed us this one and we made an offer on the same day. The process of buying a house in France is really long, it goes to notaire and that took 3 months. So we put an offer in july and came to sign all papers in december and after we came to open a bank account in a french bank and there was our house picture and that it was for sale. When it was sold 6 months ago already. This is France for ya
there are many F,G grades apartments in Paris and those would be still cheaper and cheaper. sorry to say but 2400euro isn't enough to live in Paris. why does he try to do this? 30min by metro isn't far from Paris and there are more coices to live cheaper out of Paris.
The thought of spending close to half of your salary on rent is wild to me!
Welcome to Planet Earth.
So many people building single homes. And nobody wants to build an apartment complex.
Oh, how sweet... Here in Germany you need 1 or 2 years to find a flat or house to rent
Everyone tried to tell Germany that the open door policy was a horrific idea, but nope. Just had to virtue signal and now Europe is in a spiral.
There is simply a supply shortage, subsidising demand, controlling prices or taxing owners is not going to change anything or will simply make things worse. Either companies and the government decentralise to decrease demand in Paris - or we need to build, meaning increase housing density within or around the city.
I wonder what the long term effect on these old buildings will be by insulating them.
This is still a bargain compared to Toronto
Is there a French version?
What happened to all the people who left Paris during COVID? I Thought that freed up a lot of apartments. 🤔
Not that many...
It's like this in all major cities. If people stop being interested in living only in major cities, the prices would drop. It's an offer/demand issue. It's also Government fault who should incentivise companies to move their HQ to the outskirts or to other cities.
You can live in Nicea or Lyon!
Wdf is Nicea. Nice is more expensive than Paris
Can't wait for Air B&B to be banned. Go to hotels...
@@JamesDeWalt90960000 rental units returned to the market would help a lot! It might hurt you bottom line, however…
@@JamesDeWalt909Because hotels are not apartments being used to make more money while avoiding the law and making it harder for people to get a home
It is not only Paris, France. Other EU countries same. Beware many rental scams.
everything is fucked, even here in New Zealand its hard to get a place to live now these days
Paris already has strict laws against Airbnb but I guess just like everything else it’s not enforced
Wow! I can only say that rent is really cheap in Paris, comparing to HK.
Same in Spain and the US (come and go between countries)...horrible!!
Nowhere in this video does it mention the period of time the rental price is for . In some countries rents are advertised as price per week and in some price per month
@elipotter369 I understood the rental prices quoted here as Per Month. There is a clue if you know French. At 2:51 mins we see Leandre's Excel spreadsheet. He lists the details of all the apartments he's viewed and applied for. Including a column for the 'Prix cc'.
@comealongcomealong4480 thanks for info. I looked at that spreadsheet and I know Prix is price, but am unaware that Cc might mean per month in French. I still don't understand how Cc means per month, can you tell me tbe words for that in French? Since I do know some French, and would like to know- couldn't get any help from Google.
@@elipotter369 Sorry Eli, I don't know what 'cc' means in French either! Maybe do a search ..... 'are apartment rentals in Paris advertised at a monthly cost + fr'. I don't even know the French for 'month'. Maybe look that up too.
I remember when I started looking for apartments here in NYC five years ago. I was extremely lucky that my supervisor was very willing to turn a blind eye to me doing "field visits" so I could view apartments but these brokers I ran into were shady af. I remember I saw an apartment I loved close to a train station and the agent was like "it's yours. Send me your documents". I sent him everything and then he replied later that night saying it had been rented by someone who saw it before I had that day. I was later thankful I didn't get it because it was a walkup but how unprofessional. I moved during the pandemic again and I got lucky again that I was able to work from home so I would just work on the phone while on my way to viewings. It was thankfully much faster because no one wanted to do viewings so the competition was non-existent but I truly hated every day of the process. Somehow it had gotten worst.
Hello how are u doing ☺
these prices are a bargain compared to even smaller lesser known australian cities
simple dont mover there, go outside of city.
Most jobs/education are there.
Its all part of the great reset.Green deal and forcing to insulate housing will cause further skyrocket in rents
Cheaper than Toronto.
It is time to travel to Paris. Today. Tks.
In London its a lot worse! you can not find a small studio for 1000 $ like you showed. deff can not! with 1K in London you get a room
Well, come one! It's Paris, who wouldn't want to live there, of course. By the way, NYC one bedroom is about $2700 per month.
2:30 Already rented good for you, if its posted on same days its definitely a scam
making blunt statements like "The demand for houses has exploded in recent months" without any sources or justification, what level of journalism is this :D Like why recent months? how is it different from 6 months ago?
mass immigration.
Still, you can rent an entire apartment in Paris, for the price of a room in NYC ☹️
You mean Manhattan....there are cheaper places in the outer boroughs... A huge problem is the lack of new inventory. Anything that does get built is luxury condos...
Why do people choose to live packed like sardines while starving themselves? Gtfo of big cities
2:41 😂 Did he forget to translate?
These are names of real estate agencies/websites, so no need to translate.
@@petrakov6531 Oh, got it. I was confused 'cause it just sounded French to me.
Interesting video
Star building skyscraper fro homes it is more efficient
Can’t they live outside and take the train /metro?
outside is the same , or a living hell were you can't walk alone as a woman.
Good luck
In venezuela you can buy a flat for 20k in margarita
Yes, but are property rights guaranteed?
@@artelibros its a comunist country what you espect its a gambling
@@brunobarros116 I mean even if M is gone, will property rights be recognized after he's gone?
And then the government takes it from you.
But everyone is leaving Venezuela!
The curios man in the yellow hat should get the unit.
with most houses and apartments needing 20-25 years for a return on investment why would anyone in their right mind build new houses for rent, i can understand building one for yourself to live in or renovate a house to sell but building new ones to rent is a very bad idea.
govt will eventually get rid of shorterm rental.
No, they won't. All the mayors in all big cities have been saying this since airbnb thing started way back in late-2000's. All talk, no action.
@@JamesDeWalt909 They meant airbnb which are converted from rentals, which inturn decrease the rental units on the market.
@@JamesDeWalt90960000 long term rentals taken off the market for clueless tourists and greedy owners!
@@MTMF.londonHe knows, he’s just a greedy AirBnB “host” who can’t be bothered with facts.
Sorry, no they won´t. "Money, money, money". Most of the cities in Europa and North America have the same problems and the gov's don´t care for us workers.
There's no actual real increase in demand, it's just that investors have converted all the long term rentals into short term rental because it's more profitable. Cities and countries should ban this but they won't. It's alright, in the end over-leveraged greedy investors will get rekt, they always do when such a big bubble forms. ALSO, the problem is NOT high interest rates, that is the SOLUTION. Those in the industry want you to believe it's the problem because they benefit from it through increased sales. Long term high interest rate will eventually cause investors to fold and reduce prices due to lack of demand.
The problem is everyone wants to live within the ring road. The suburbs of Paris have been neglected with many social problems and poor quality housing. This is not unique to Paris, of course, but in many other cities social housing and private housing are mixed. In Paris there are many areas I would not feel safe in.
"Social problems" = overpopulated african expats enclaves
I would move out of Paris.
Still much cheaper than Miami.
they can always try camping like in downtown Los Angeles 😂
Id pay 900 euros to live in Paris
but you wont find anything, don't try, we're full.
French zoning and housing regulators have to get out of the way of new construction. If supply cannot meet demand it's generally due to government barriers that prevent this from happening.
6:50 Regulations are just BS to make income.
These prices are cheaper than Essex and half the price of London.
What?!
Overpopulation Overpopulation
Greed
Travel consumerism
Look at El Salvador
London seems worse
Same here in Lisbon! Short rentals are a plague in most cities around the planet.
Welcome to the West. Viva la broke! 🤷♀️
If you want to live in Paris, London, San Francisco, New York, you are going to pay. The demand is much higher. It's YOUR choice.
There's always at least a few Airbnb comments.
hmmm i wonder if this has at all anything to do with eroding purchasing power of corrupt fiat currencies :/
Just get rid of airbnb!
The bed bugs put me off Paris permanently