New York Habitat established our Paris vacation accommodation and furnished apartment rental services in 1996 to meet the needs of travels from around the world coming to Paris.
New York Habitat's Paris division has compiled detailed information on the bookings, which we have completed. Based on that information we have collected about the Paris apartment market we have been able to create our Paris Furnished Apartment Market Report.
The Paris market report provides relevant information to apartment owners, property managers, people looking for an apartment rental in Paris and other players in the Paris real estate and travel industries. We encourage anyone interested in the Paris apartment rental market to read these reports to learn more. We anticipate that the reports will provide a picture of our market niche that will prove helpful to those parties.
The 1st half 2009 Paris Market Report looks at the challenges that the Paris Vacation Rental and Furnished Apartment market segments faced in the 1st half of 2009. Some of the key finings include:
Less apartment rentals and lower prices due to a strong global recession and a continued strong Euro
Strong competition from hotels as they also attempted to
keep their occupancy rate high by dropping prices
An uncertain outlook for 2010 as more than 60% of people in
Paris believe that the economic uncertainty will continue
The 2008 2nd half and full year market report covers in detail the state of the Paris furnished rental and vacation rental markets during the ups and downs of 2008. Major themes of the 2008 report include:
Pricing trended downward as a strong euro kept prices lower in the 1st half and a global downturn began in the 2nd half of 2008
Demand for apartments remained strong but increased supply continued to outpace the growth in demand
Continued uncertainty for 2009 with the global economy still in a deep recession
The 2008 1st half market report details the present market conditions in the Paris Furnished Apartment and Vacation Rentals markets. Some of the current trends include:
Continued demand for apartments in Paris but steady prices because of an increasing supply of rentals
A weakening world economy and a strong euro making travel to Paris more difficult for some
An expected slow down of the Paris market in the 2nd half of 2008 due to a continuing slowdown of the world's economy
Read the full year Paris Furnished Apartment Market Report to learn details about the current conditions in the Paris market. This report includes information about our furnished rental and vacation rental services. In this report New York Habitat uses graphs and written commentary to give a view of the market based on our current observations. Some of the key findings include
Prices in Paris are flat due to heightening supply and a slowing world economy
Apartment supply in Paris has been rising because of recent tax changes that make apartment rentals more attractive to potential investors
New York Habitat predicts that 2008 will bring more of the same
The 1st Half 2007 Paris Market Report is the 1st edition of New York Habitat's bi-annual report on the condition of the Paris Furnished Rental and Vacation Accommodation markets. This report focuses on the slowly increasing prices in Paris as well as some of the international factors affecting the Paris Market.
The Paris market report includes chapters covering all of the services that New York Habitat offers in Paris including:
The Paris Market Report includes a selection of graphs and detailed market analysis in these categories:
Apartment prices by apartment type
Price ranges by apartment type
Percentage breakdown of the types of apartments rented
Comparison of 3 years of average pricing
Breakdown of neighborhoods rented data
All information in the report is based on completed apartment bookings. We will present bi-annual Paris market reports that are comparable and compatible with previous reports. If you have any questions about the Paris market report or suggestions for future content e-mail us at marketreport@nyhabitat.com.