To try and tackle the issue, the French government will extend its 0% interest rate loans for low-income families and will open it up to more people next year to help them get on the property ladder.
Almost three-quarters (73%) of professionals reported a fall in the number of properties available to rent compared to last year, according to a statement by France’s National Real Estate Federation (FNAIM), and 66% also saw an increase in demand.
“The increase in credit rates and the tightening of conditions imposed on borrowers prevent some tenants from accessing property; they stay in place longer, slowing down the mobility of the stock,” said Loïc Cantin, FNAIM’s president, in August.
The tension in the rental market is feeling even more pressure due to the 2024 Olympic Games, which will see an influx of visitors, volunteers and teams descend on Paris.
The government faced intense criticism when it decided to force out over 2,000 students from their rent-controlled apartments - dedicated to them specifically - to host Olympic staff during the summer.
In Europe, Spain paved the way with its first-ever national “right to housing” law - adopted last year - which included a tax for owners leaving accommodation unrented for lengthy periods.
The original article contains 669 words, the summary contains 206 words. Saved 69%. I’m a bot and I’m open source!
This is the best summary I could come up with:
To try and tackle the issue, the French government will extend its 0% interest rate loans for low-income families and will open it up to more people next year to help them get on the property ladder.
Almost three-quarters (73%) of professionals reported a fall in the number of properties available to rent compared to last year, according to a statement by France’s National Real Estate Federation (FNAIM), and 66% also saw an increase in demand.
“The increase in credit rates and the tightening of conditions imposed on borrowers prevent some tenants from accessing property; they stay in place longer, slowing down the mobility of the stock,” said Loïc Cantin, FNAIM’s president, in August.
The tension in the rental market is feeling even more pressure due to the 2024 Olympic Games, which will see an influx of visitors, volunteers and teams descend on Paris.
The government faced intense criticism when it decided to force out over 2,000 students from their rent-controlled apartments - dedicated to them specifically - to host Olympic staff during the summer.
In Europe, Spain paved the way with its first-ever national “right to housing” law - adopted last year - which included a tax for owners leaving accommodation unrented for lengthy periods.
The original article contains 669 words, the summary contains 206 words. Saved 69%. I’m a bot and I’m open source!