” However, rental price tend not to be affected by the high property value much. “
When high property prices couple with high foreclosures and tight-to-nonavailable credit, homeowners become renters — and that puts a demand strain on the rental market...
When you add runaway inflation into the mix, so that renters have a smaller portion of their income available for rents, then barter arrangements begin to come into play..
(I’m not saying that’s what’s happening in France, although there are hints to it in the article — but it’s one possible mechanism, and one that there’s evidence is coming here....)