Between February 2024 and May 2024, the price of seasonal rentals during the Games period (from July 26 to August 11) has continued to fall. In four months, they fell by 31%according to Lycaon Immo, which investigated for Le Parisien. “In certain districts, the drop is drastic: -21% in the 10th arrondissement in just one month, -19% in the 14th, -17% in the 6th and -16% in the 11th. »
Even in neighborhoods that had resisted until then, we are seeing price drops. In the hypercenter of Paris (1st arrondissement), the drop in prices for furnished tourist accommodation reaches -5%. However, it is an excellent location, with the Rives de Seine park being part of the competition festivities. The 16the district, a wealthy address in the city, shows a decrease of -6%. Luxury is not faring any better, there is a lot of wait-and-see attitude. “At Barnes, there are a lot of requests for information, but very few concrete steps at the moment”explains an agency official.
Gens de Confiance, which publishes exclusive rental announcements – only by recommendation – reports this unexpected drop in prices on its reservation platform “in the 3rd arrondissement (-7%), in the 5th (-28%) and in the 6th (-11%) between January and May. In all other neighborhoods, prices are rising however, according to the study carried out by Gens de Confiance (+ 231% between January and May in the 1st arrondissement, for example, or even +94% in the 8th) ».
