1/ The furnished rental market in Paris
There are about 100,000 furnished apartments in Paris. These apartments belong to private real estate investors who have made a buy-to-let investment to rent it out furnished.
- 50% of owners choose long-term rental
- 50% of owners opt for seasonal rental (this number seems to be dropping because of the regulation on vacation rental)
- 53% of furnished apartments with a surface area of less than 40 sq.m (430 sq.ft) are located in Paris’ 1st, 2nd, 4th, 5th, 7th and 8th arrondissements.
Currently, there are over 10,000 vacant furnished apartments waiting to be rented out - roughly 10% of all furnished apartments in Paris.
At Book-A-Flat, our portfolio comprises 3,000 furnished apartments, that is about 3% of the Parisian rental market.
This gives you a clear idea of the Parisian furnished apartment market.