Business · Economy · 6 hrs ago

More French households are choosing to rent rather than buy

More French households are choosing to rent rather than buy

In France, 57.3% of households own their homes, but that share has been falling in recent years.

Nearly 40% of households rent, and some renters say they could buy but choose not to.

In Arras, Guillaume Devocelle rents a two-bedroom apartment in the city centre for 580 euros a month, while buying a similar home would cost more each month.

Higher interest rates have made buying harder, and some people are waiting rather than risk settling for a smaller or less suitable home.

Others, including a renter in Paris, say owning a home would bring too much work and expense or limit their freedom to move.

Renting lets some people keep the home and lifestyle they want without taking on those responsibilities.

An estate agent says demand has shifted, with some tenants now choosing cheaper homes farther from city centres.

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What people are saying

Guillaume Devocellerenter in Arras
We have the choice of having the number of square metres we want, the number of rooms we want, and being in a place and setting we like.
via franceinfo
Morgane Lecurieux-Lafayetterenter in Paris
I decided not to buy because I find the level of hassle too high.
via franceinfo
Sami Correarenter
For me, having my own apartment and a permanent contract is not the priority. I preferred to keep a flexible lifestyle.
via franceinfo