Wanted: A place to live in Paris! • FRANCE 24 English
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- Опубліковано 27 вер 2024
- 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.
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?
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.
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
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.
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
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.
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! 😮😮😮
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..
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.
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…
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.
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.
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!!!!!
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.
@@Addwater4444 And, we get a lot more public services than in NYC.
In Germany is the same problem!
not like Paris dear.
It's the same everywhere
Germany Rents are cheap
Shocked to see flats are so affordable in Paris. In LA, a ROOM cost over $1650/month last year with share kitchen. In San Diego, a studio in downtown and suburbs cost over $2,350/ month, excluding utilities, parking fees!!!!
In California, we have concerns about earthquake, so not many high rises , then those complicated zoning laws. Developers are do not have incentives to build affordable housing! There's no earthquake issues in Paris or London, so both just wanted to keep the city just the way it has been?
I'm hoping that the LA Olympics will build more affordable housing, I e. Olympic village and to be converted into affordable housing after the game.
Same here in Prague, took me 3 months to find a place.
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...
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.
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
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...
Is it true that there are more 🐑🐏 than humans there?😊
I lived in Paris for 15 years and have been blessed with nice landlors and nice well located apartments with reasonable rent (For Paris)
I now live in Cork (Ireland), the average rent is more than 2000 euros and let me tell you for that price you are far away from a Palace, it is most of the time poorly insulated, furnished with dated furnitures and decor….an absolute rip off
blame airb&b
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
€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.
Same in Switzerland
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.
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.
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 😯
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.
01:15 1200 thats actually ok i pay 2200 for as 28 square meter apartment in southern Dublin.
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.
So many people building single homes.
And nobody wants to build an apartment complex.
Wow! I can only say that rent is really cheap in Paris, comparing to HK.
The thought of spending close to half of your salary on rent is wild to me!
Welcome to Planet Earth.
Maybe it's why there's no obesse people in France, paying rent
This is still a bargain compared to Toronto
I wonder what the long term effect on these old buildings will be by insulating them.
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.
It is not only Paris, France. Other EU countries same. Beware many rental scams.
Paris already has strict laws against Airbnb but I guess just like everything else it’s not enforced
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.
everything is fucked, even here in New Zealand its hard to get a place to live now these days
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
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.
these prices are a bargain compared to even smaller lesser known australian cities
Same in Spain and the US (come and go between countries)...horrible!!
This is a global problem. There is a major immigration issue ,all over the world now, and not enough housing
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.
Shocked to see flats are so affordable in Paris. In LA, a ROOM cost over $1650/month last year with share kitchen. In San Diego, a studio in downtown and suburbs cost over $2,350/ month, excluding utilities, parking fees!!!!
In California, we have concerns about earthquake, so not many high rises , then those complicated zoning laws. Developers are do not have incentives to build affordable housing! There's no earthquake issues in Paris or London, so both just wanted to keep the city just the way it has been?
I'm hoping that the LA Olympics will build more affordable housing, I e. Olympic village and to be converted into affordable housing after the game.
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.
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.
Still, you can rent an entire apartment in Paris, for the price of a room in NYC ☹️
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.
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....
Still much cheaper than Miami.
Why do people choose to live packed like sardines while starving themselves? Gtfo of big cities
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
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.
Its all part of the great reset.Green deal and forcing to insulate housing will cause further skyrocket in rents
It is time to travel to Paris. Today. Tks.
Id pay 900 euros to live in Paris
but you wont find anything, don't try, we're full.
The curios man in the yellow hat should get the unit.
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.
simple dont mover there, go outside of city.
Most jobs/education are there.
hmmm i wonder if this has at all anything to do with eroding purchasing power of corrupt fiat currencies :/
Paris wasn't too expensive last time I was there. London is more pricey
Is there a French version?
Cheaper than Toronto.
These prices are cheaper than Essex and half the price of London.
What?!
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
I would move out of Paris.
they can always try camping like in downtown Los Angeles 😂
You can live in Nicea or Lyon!
Wdf is Nicea. Nice is more expensive than Paris
Same here in Lisbon! Short rentals are a plague in most cities around the planet.
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!
That's what you call greed.It's all greed
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
Living in Paris is a want, not a need. People need to stop giving in to their wants.
There's always at least a few Airbnb comments.
not as crazy as Dublin.
GREED is ruining the world.
Offer and supply are ruling the world.
6:50 Regulations are just BS to make income.
America and Canada: "first time?"
Welcome to the West. Viva la broke! 🤷♀️
London seems worse
Just get rid of airbnb!
Didn't watch the whole video, but I bet they didn't touch on the elephant in the room: Insane immigration that push prices upwards.
Star building skyscraper fro homes it is more efficient
Good luck
Leon is 27 and I'm the king of france
WHat you saying looks old for his age? Different people age differently.
Why are landlords doing this, raising rent?
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.
Look at El Salvador
And nobody knows why they are tolerating Paris and it's low low quality of life...madness
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.
"landlord integrity" is an oxymoron
Tenants are worse, and no, I’m not a landlord lol
energy certificates for accommodation 😂this is nuts, no wonder eu is dying off
Interesting video
This is human right.