Marseille was founded by the Greeks 2600 years ago, making it the oldest city in France. European Capital of Culture in 2013, Marseille is a fairly large city, which is made up of 16 districts and 111 districts. Those who arrive in Marseille enjoy sublime views and food. However, Marseille has a lot of other things to offer, especially when it comes to real estate investment. If you’re looking for a city to grow your money, you’ve come to the right place. In the following lines, we show you how to invest in rental housing in Marseille.
Thanks to the trend of short-term rentals, rental investment in Marseille is now back in fashion. It is a stable investment over time, even in a historical period like this. In addition, mortgages are always cheaper. It is therefore a safe investment, increasingly sustainable and potentially very profitable, especially in a large city like Marseille.
In other parts of France, the profitability of property can certainly be lower in significantly less buoyant markets. But in a city like Marseille, with ever-increasing comings and goings, the possibilities are endless.
Marseille is also one of the French cities with the highest rents. It is above all a city where the demand for rents exceeds the supply. At the same time, the price per square meter to buy a house in Marseille remains lower than in other big cities like Paris. With 200,000 €, you can acquire a property in Marseille. All this guarantees a greater margin of return.
Investing in commercial rental property certainly seems like the more profitable alternative, but the game is not that simple. Especially in a time of health emergency like this, it is necessary to carefully assess the relationship between benefits and risks and the transformation of society. Working from home is more and more common, especially in Marseille. This transformation appears to be permanent and intended to reduce demand for office property. Moreover, investing in the commercial sector has a much higher cost and degree of complexity than the residential sector.
Given these factors, our advice is to focus on residential. It is a safe source of income, and in any case profitable over time. It’s also a good idea, also considering that the prices have remained constant during the lockdown. Investing in real estate in Marseille is the guarantee of having a high return. The rental per square meter of an apartment amounts to 15.2 €, which represents an increase of 6% compared to last year.
Unfurnished studios, one-bedroom and three-bedroom apartments are the most sought-after properties on the Marseille market. If you want better profitability, we advise you to invest in the 4th arrondissement, the 1st arrondissement and the 5th arrondissement. These are the areas where the demand for housing is currently the strongest.