“Proof of its effectiveness” – Liberation

A study by the Rent Observatory of the Paris conurbation, published Thursday, affirms that the increase in the price of rents slowed down in 2021 in the capital.

“The observation is now clear: rent control has proven its effectiveness”, welcomes Ian Brossat, the housing assistant at the town hall of Paris, where two out of three inhabitants are tenants. Even if there are still frauds, according to a study published Thursday by the Rent Observatory of the Paris conurbation (Olap), the increase in rents was only 0.6% in 2021 in the capital for all tenants, and 1% for re-letting. This increase is the lowest since 2016, according to Olap.

“Relettings were concluded in 2021 on average at 26.2 euros per m², i.e. a level close to 2020 (26 euros per m²), illustrating the moderating effect of the decree”, effective in Paris since July 2019, underlines for its part the city of Paris. The curve published by Olap shows that the evolution of rents since 2010 has experienced ups and downs, according to the advances and declines of this provision resulting from the Alur law (provision applied in 2014, canceled in 2016, reintroduced in 2018 in an experimental and optional form, and now in force in several large cities including Lille, Lyon and Montpellier). “It is obvious that the market will not solve the problem of access to housing. The liberal theory says that, to lower prices, you have to increase the supply, but when the supply is constrained by a very high density like in Paris, you need public intervention. emphasizes Ian Brossat. Anne Hidalgo’s communist deputy recalls that the capital, which has 1.4 million homes, is “the densest city in Europe”.

Source: Libération by www.liberation.fr.

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