The months pass, the galley remains. “The rental market is really tense”notes Didier Bertrand, president of FNAIM PACA. According to his last observations, the demand is on a 30% ascending slope when The offer fell 30 to 50% depending on goods and territories. For a T2 in the Marseille city center, it is not uncommon for a agency to receive 100 files in a few hours. The competition is extremely strong and at the end, it is the best salary that earns, pushing low revenues outside or to revise their selection criteria downwards.
“It is a phenomenon that continues. After the covid, the borrowing rates were very low and the rental market had relaxed: a number of people had realized that it cost them cheaper than to rent. It had freed room for new tenants but that’s over “explains Didier Bertrand. The rates rose from 1 to 4% before going back down today around 3%. The purchasing power of potential buyers has mechanically shrunk. Instead of leaving the rental market, they remain. And supply and demand do not line up.