In these turbulent post-Covid times and with the subsequent economic crisis, real estate appears more than ever to represent a safe haven. Buy to rent allows you to create a real estate portfolio and generate rental income. Are you thinking of making a rental investment in Paris? District Immobilier provides you with all the keys to a successful project.
Paris is a great choice for an investment in rental property. The reasons are multiple: here are the main ones.
While it is unquestionable that Paris attracts more tourists than any other city in France, it is also a privileged destination on an international scale. Tourists flock from all over the world to discover the Eiffel Tower, the Louvre or the Champs-Élysées, and visit the capital’s gourmet restaurants and fashion boutiques.
Investing in rental accommodation for tourists in Paris is therefore a very wise option. The demand for seasonal accommodation is high, whatever the time of year.
Paris is a student and university city.
Paris Descartes and the Sorbonne are among the most renowned universities in France and even the world. The Erasmus program, with students spending one or more years of their university term in France, attracts foreign students from across the globe. The Ecole du Louvre and prestigious business schools also draw foreign students.
So it’s clear, with so many students in Paris rental demand is very high and is not diminishing.
The capital’s flourishing economy is a real asset for real estate.
Small, medium and large national and international companies choose to settle in Paris and the Paris region.
In 2019, no less than 1,354,704 companies were listed in the Île-de-France, and with so many jobs rental demand is on the increase.
To maximize your chances of success, don’t hesitate to contact us to talk about your project.
How has the Covid crisis affected the Paris real estate market?
The health crisis impacted all sectors of society.
These new rules should also have a positive effect on the creation of new housing.
The rent ceiling allows a more modest population to find housing and demand is increasing.
Upcoming events such as the Paris Olympics in 2024 will also have consequences for the prospect of future housing needs.
To make your rental investment project in Paris a success, nothing should be left to chance, and location is an essential criterion to be taken into account.
Obviously choose an area where rental demand is very strong, where prices are on the lower side and where all necessary amenities are nearby. Transport networks, shops and public services are essential for tenants looking for their future accommodation.
All depends on who you are targeting
If you want to invest in student rental accommodation, a studio apartment or a compact 2-room apartment is large enough. These are keenly sought-after and always find takers.
Another option is to aim bigger and target flat sharing. Many students choose this not only owing to lower rent and charges, but also for its convivial aspect. Those starting on their career paths are often also interested by studios and two-room apartments. If you are targeting families, obviously choose assets with at least two bedrooms.
As we mentioned earlier: Paris is one of the most attractive tourist cities in the world, and consequently investing in holiday accommodation is a great way to make your rental investment a success. In many cases, you will get your rent from the residence manager whether your asset is rented or not. It is therefore an excellent low-risk investment!
Make a rental investment in Paris a success with District-Immobilier.
We shall help you choose your target in line with your expectations, your needs and your budget. The most competent and dedicated real estate professionals await your visit to make your project a reality! Don’t hesitate to contact us by email, by telephone or by directly visiting one of our agencies.