New York Habitat Blog

With the 1st half of 2009 being a challenging time in the Real Estate market, the Paris Furnished Apartment Market Report has become a must read. The report covers vacation rentals (from 3 to 30 days) and furnished apartments (from 1 month to indefinitely). In the 1st half 2009 Furnished Apartment Market Report we look at the effects of the global economic melt down on the furnished rental market, give advice to clients and owners in this market plus take a look into the future.

The report can be found on the Paris Furnished Apartment Market Report webpage. This site contains all of the previous Paris Furnished Apartment Market Reports for your reference.

Paris furnished apartment market report 1st half 2009

2009 1st half Paris Furnished Apartment Market:

Furnished Rentals:
Prices and the number of apartments booked in the Paris furnished rentals division feel in the 1st half of 2009. With the overall rental market in a downward trend including the price of unfurnished apartments this is not a surprise. Owners who were quick to lower the price of their apartments saw the smallest decline in the number of booking. Clients had a large selection of apartments to choose from in all sizes and price ranges.

Vacation Rentals:
With people pessimistic about the economy leisure travel was down in the 1st half of 2009 in Paris. In addition a strong Euro made travel from the U.S., the U.K. and Asia more expensive then in previous years. Similar to the furnished rentals segment of the industry, those owners who lower prices saw the smallest drop-off in occupancy.
Looking to the 2nd half of 2009 and into 2010 Parisians still feel pessimistic about the economy, with nearly 65% of respondents to a poll stating that they expect the housing downturn to continue into 2010.  Paris can expect to see increased business if the Euro falls or the world economy rebounds in the next few quarters.

We hope you find this report to be useful if you are an apartment owner in Paris or if you are planning a trip to Paris. Our goal is to inform you of the latest trends in the Paris furnished apartment and vacation rental markets.

To read this and previous market reports visit the Paris Furnished Apartment Market Report webpage. Please comment below on the report or e-mail us at marketreport@nyhabitat.com if you have any questions, comments or remarks.

Also, check out these blog entries about previous market reports

2nd half and full year 2008 Paris Furnished Apartment Market Report

1st half 2008 Paris Furnished Apartment Market Report

2nd half and full year 2007 Paris Furnished Apartment Market Report

1st half 2007 Paris Furnished Apartment Market Report

The 2nd half and full year 2008 Paris furnished apartment market report includes the latest data and analyses about the Paris market.  Data on both vacation rentals (3 days to 1 month) and furnished apartments (1 month and longer) is provided in the report.

The report can be found on the Paris Furnished Apartment Market Report webpage. This site includes PDF copies of all 4 of the reports published to date and will be updated as new reports are released.

2008 Paris Furnished Apartment Market:

Paris Furnished Apartment Market Report 2008 full year cover

Furnished Rentals:

Prices fell in 2008 as owners quickly reacted to the recession. This kept business steady compared to previous years. Furthermore, customers choose studio rentals over one-bedroom apartments in 2008 which caused a shift in neighborhoods from St Germain – St Michel – Notre Dame to Marais – Les Halles. This shift was due to the fact that there are more studio apartments available in Marais – Les Halles.

Vacation Rentals:

2008 brought steady or declining prices to the vacation rentals market. A strong euro in the 1st half of 2008 and a weak world economy in the 2nd half of 2008 were contributing factors to the flat performance of the market. Furthermore, the high-end market was considerably weaker in 2008 as customers looked for the most economical offerings to meet their needs.

We hope you find this report to be useful if you are an apartment owner in Paris or if you are planning a trip to Paris. All of the information that is presented in the report is designed to better inform you about the Paris Furnished Apartment Rental Market.

To read this and previous market reports visit the Paris Furnished Apartment Market Report webpage. Please comment below on the report or e-mail us at marketreport@nyhabitat.com if you have any questions, comments or remarks.

Also, check out these blog entries about previous market reports:

1st half 2008 Paris Furnished Apartment Market Report

2nd half and full year 2007 Paris Furnished Apartment Market Report

1st half 2007 Paris Furnished Apartment Market Report

The 1st half 2008 Paris market report bring you the latest updates on the Paris apartment rental market. Data on both vacation rentals (3 days to 1 month) and furnished apartments (1 month and longer) is provided in the report.

The Paris Furnished Apartment Rental Market Reports webpage contains all of the information that you need to help in determining current prices in the markets, popularity of neighborhoods and more.

Paris Furnished Apartment Market Report 1st half 2008

Paris Furnished Apartment Market 1st half 2008:

Major findings for the Furnished Rental department include:

Major conclusions of the report are similar to the previous year. Pricing remains relatively stabile and apartment supply continues to increase. Looking to the future there is some concern that prices and demand could decline because of the global recession.

In the Vacation Rental service we found:

Prices fell slightly in the 1st half of 2008. A major factor in this decline was that the euro reached an all time high against the U.S. dollar and also strengthened significantly against the British pound and the Japanese yen. Furthermore, we continued to see that the neighborhoods of Maris – Les Halles and St Michel - St Germain – Notre Dame remained the most demanded areas for Vacation Rentals as tourists tend to want to be centrally located above all else.   Again future results will depend on how deep the global recession becomes.
We hope you find this report to be useful if you are an apartment owner in Paris or if you are planning a trip to Paris. All of the information that is presented in the report is designed to better inform you about the Paris Furnished Apartment Rental Market.

To read previous market reports visit the Paris Furnished Apartment Market Report webpage.

Please comment below on the report or e-mail us at marketreport@nyhabitat.com if you have any questions, comments or remarks.

The Paris market continues to be one of the most dynamic in the world for both vacation rental and furnished apartment rentals. New York Habitat’s experience in Paris renting vacation rentals and furnished rentals has allowed us to compose one of the most detailed market reports in the industry. In the Paris Furnished Apartment Rental Market Report you will find details about the current market conditions as well future trends with regards to the industry.

We have created a website so you can access the various Paris furnished apartment market reports we have compiled. The 2007 Furnished Apartment market report details the current state of the Paris Market and look ahead to 2008 to make some predictions about what to expect.

Paris Furnished Apartment Market 2007

Major findings for the Furnished Rental service include:

• Supply of apartments has continued to increase due to recently enacted laws which offer incentives to apartment owners to rent out their apartments
• Pricing in the market is stabile because of greater supply and the pressure of the slowing world economy
• Neighborhood selection remains highly concentrated on the central Paris neighborhoods, though other neighborhood have been able to increase the number of rentals because of specific group looking for rentals and better values

In the Vacation Rental service we found:

• Prices were stabile, with France remaining a top international travel destination keeping demand for Paris rentals at a high level but the world’s economy slowing keeping owners from boosting price too much
• People considered studio apartments versus 1 bedroom offerings to keep cost down
• The central neighborhoods of Marais – Les Halles and St. Michel – St Germain – Notre Dame remain the most popular neighborhoods

Our market report has been designed with you in mind; owners, renters, real estate and travel professionals should find this Paris Furnished Rental Apartment Market Report to provide interesting and informative information about New York Habitat’s niche within the Paris Market.

As the company continues to expand and grow in the Paris market we expect that we will be able to build onto this market report to build an even more comprehensive Paris Furnished Apartment Market Report for the future.

We hope that you enjoy reading this report and New York Habitat’s entire team of real estate professionals from our Paris services looks forward to being your source for apartment rentals and information about the market.

To read the 1st half market report and the full year market report visit the Paris Furnished Apartment Market Report webpage.

Please comment below on the report or e-mail us at marketreport@nyhabitat.com if you have any questions, comments or remarks.

New York Habitat is proud to release our 1st Paris Furnished Apartment Rental Market Report. The report covers the Paris market with information about furnished apartments, vacation rentals our company has to offer. The report is available at the Paris Furnished Apartment Market Reports section of our website.

“Since 1996, New York Habitat has been housing urban tourists as well as an international clientele of mobile professionals,” says New York Habitat President Marie Reine Jézéquel. “In 2007, we have been focusing on servicing the needs of international universities needing temporary housing for their students in Paris, France. Because average rental prices in the French capital are ranked second in Europe after London and because Paris is the 10th most expensive city in the international market¹, New York Habitat has decided to help students really in a crunch for housing. Using our international expertise, we can be a tremendous help in this ever-rising market. ”

Paris Furnished Apartment Market Report

The market report contains statistics and analysis about the first halves of 2005, 2006 and 2007 in Paris. It includes information about the following market statistics:

• Price ranges by apartment type or neighborhood
• Percentage of apartments rented by type
• Percentage of apartments rented by neighborhood
• Average length of stay
• Average price by apartment type

The Paris division of New York Habitat has created a Furnished Apartment Rental Market Reports section, where all Paris market reports beginning with this one will be accessible. We plan to complete the 2nd half and full- year 2007 Paris Market Reports in January 2008.

Our goal is to provide timely information about the Paris furnished apartment rental market so that our current and potential clients, owners and other real estate partners can be kept abreast of the latest market trends in Paris.

We anticipate that you will find our Paris market report informative and encourage you to comment on the blog about any questions or items you would like to see in future New York Furnished Apartment Market Reports. You can also e-mail the market report team at marketreport@nyhabitat.com

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¹Isabelle Rey-Lefebvre “En dix ans, les loyers ont bondi à Dublin, Oslo, Londres et Paris,” Le Monde, May 22, 2007.