New York Habitat, a real estate agency with offices in France, Great Britain and the United States that specializes in furnished apartment rentals, presents the inaugural edition of its Paris market report. The report details trends regarding furnished apartment and vacation rental accommodation markets in Paris. Data were compiled based on the company's completed bookings from the 1st halves of 2005 through 2007 and include statistics from apartment rentals in all 20 arrondissements in Paris.
New York, NY (PRWEB) November 13, 2007 -- New York Habitat (www.nyhabitat.com) proudly announces the launch of its Paris Furnished Apartment Rental Market Report. The report takes an in-depth look at the Paris furnished apartment and vacation rentals markets. The report was compiled to share our market knowledge with owners and renters in Paris by detailing statistics obtained during the past three years.
Apartments rented in the Paris market are very concentrated in the Marais, Les Halles areas and the Saint Michel, Saint Germain, Notre Dame areas. Prices overall continue to gradually trend upward, though external factors, including the continued strength of the Euro and a greater supply of furnished apartments due to tax incentives and greater flexibility for owners, could lead to slower price increases in the future. The demand for apartments in Paris continues to grow as France remains the top tourist destination in the world and Paris continues as one of Europe's top business centers.
The Paris Furnished Apartment Market Report uses original graphs, charts and analysis to addresses the following topics and more:
· Average length of stay
· Average price by apartment type
· Percentage of apartments rented by type
· Percentage of apartments rented by neighborhood
· Price ranges by apartment type or neighborhood
Presented here is a sample graph that displays the average price of vacation rental apartments in Paris, based on property type. A more comprehensive version that extrapolates on 2005, 2006 and 2007 data is available in the report.
New York Habitat has created a Paris Furnished Apartment Rental Market Report section on its website, where this and future reports will be available. Our Paris division collects and analyzes all transactions to remain up-to-date on the latest trends and changes in the Paris market. The next Paris Market Report, to be released in the beginning of 2008, will contain cumulative second-half and full-year data and analysis about the Paris market. The long-term goal is for this report to be an informative guide for owners who decide to lease, and vacationers and other renters who are looking for housing options during their stay in the City of Light.
"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. 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 market , 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. "
Founded in 1989, New York Habitat is a fully licensed residential real estate agency, specializing in furnished apartment rentals in New York, Paris, London and the South of France. With the help of our multilingual and multinational agents, apartments can be selected from a worldwide inventory of 12,000 carefully chosen properties that are available from three days up to one year or more.
We invite you to contact New York Habitat for more information about the market report at (212) 255-8018. Feel free to contact us for any other services you may require (listing your apartment, student housing, partnership development, or renting in any of our destinations). For access to Paris furnished rental market news and to learn more about New York Habitat-related topics, please visit New York Habitat's blog.
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Trackbacks/Comments Received
Parisian prices increase
from paris apartments on Nov 26, 2007
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Although price are decreasing this summer in every towns in france, Paris is the only city where prices still increasing...
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