Rents under control: the rates in Paris and Lille will be standardized

Rents under control: the rates in Paris and Lille will be standardized

From August 1, 2015 in Paris, and August 1, 2016 in Lille will be introduced the new rents regulation. Market experts are worried that this may reduce the profitability of property purchased for lease.

Rents under control: the rates in Paris and Lille will be standardized | Photo 1 | ee24The new rules stipulate that the owners will have to establish the cost of rent, which is a maximum of 20% higher than a fixed base rent (it will be annually determined by prefecture of each city quarter). Indulgence is possible for apartments with a terrace or a view. Baseline figures for 2015 were calculated by the Supervisory Committee of OLAP for 80 quarters of Paris, grouped into 14 areas, and 16 types of ownership by number of rooms and the date of construction, they are presented on the website of the Regional and interdepartmental control housing issues DRIHL.

60% of the inhabitants of Paris live in rented apartments. Over the past ten years, rents rose by almost 50%. income from rental housing is subject to a maximum tax of 15.5%.

 

 

According to the materials of Le Figaro Magazine

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