Marseille rental market crunch

Expat Academy Marseille rental market crunch

When the COVID-19 pandemic launched the world into lockdowns and curfews, some expatriates in France sought to benefit from new work-from-home policies by renting housing in Marseille. Specifically, expats wanted to rent apartments and villas with balconies and yards to bask in the sun when relaxing. Many nationals from Paris and northern France had the same idea and sought to rent in Marseille for a change of scenery. According to real estate sources, this increase in demand combined with fewer listings has crunched the rental market, especially for larger apartments and villas. Some of the supply shortage abated when AIRBNB vacation rentals were converted back to the long-term rental market, but it is not enough to make a significant difference. Expat Academy Marseille rental market crunch

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