Real Estate

rental demand quickly picked up after deconfinement

The demand for rental accommodation picked up quickly at the start of deconfinement, according to a study by Homepilot.

Households and real estate professionals had to suspend their projects in mid-March due to sanitary confinement linked to the coronavirus. From the first day of deconfinement, May 11, rental demand reached a record, according to Homepilot. The online rental management agency recorded an increase of 47% of requests for visits to its rental ads in Paris compared to the period before confinement and for comparable accommodation.

Before confinement, the start-up received 12 requests for visits per day and per accommodation, compared to 18 requests on May 11. Demand then stabilized at 15 visits per day per accommodation. The co-founder of Homepilot specifies that this sharp increase in rental demand “ reflects a catch-up effect of rental projects (…) “, But ” the effect should subside to a normal level within a few weeks “Writes Gilles Bourcy. He also expects a large increase in the number of notices in the coming weeks.

The number of daily visits increases especially for T2 and T3

In detail, the rise in rental demand mainly concerns two- and three-room apartments in Paris. The number of daily visits increased between May 11 and May 17, by 52% for T2 and 65% for T3, compared to only 27% for studios. Gilles Bourcy deduces that “hasAfter weeks of confinement and expecting to spend more time at home, many tenants are looking for larger, more comfortable accommodation.

The number of files filed per accommodation has also increased since the end of confinement, notes Homepilot, by 27%. Tenants would be more in a hurry to complete their research project. “In the Paris region, tenants generally wait until they have found new accommodation before giving their departure notice. Thus, the rental offer is always several weeks behind demand. With the strong increase in rental demand, we should see an increase in the number of notices in a few weeks “Says Gilles Bourcy.

Homepilot is a startup launched in 2017, it supports owners, from rental to rental management of their assets. It manages more than 350 million euros in real estate assets.

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