With the health and economic crisis of the coronavirus (covid-19), making a tangible and sustainable investment is more than ever topical. Real estate is still considered an "absolute safe haven" according to experts in the field, and even more so today. But in which cities should you invest in 2021? And how to improve your profitability by avoiding rental vacancies?
You may feel more comfortable investing in a market you already know. The city of your primary residence, the city of your second home, your favorite vacation spot, or the place where you grew up. Nevertheless, the ideal would be to leave that geo-localized affinity that might make it easier for you to get around, but less of a wise investment.
Far be it from us to make you invest at the other end of France, but you may find a compromise between a well-known city close to your home and one of the cities we propose in our top 5.
Number one, Paris. Despite the crisis, the market has held up well, with rental prices remaining similar while property values have fallen slightly. As of January 2021, the price of Parisian properties will drop by -0.5% according to the national real estate price barometer of Meilleurs Agents. If you have already thought about it but are looking for THE opportunity that will make you sign, THE perfect neighborhood or THE agency to trust, we advise you to take a look at our article that explains the history and the real estate potential of the different neighborhoods of Paris or to go directly to our website www.groupemobilis.com to know our available Parisian properties.
If we continue in order of profitability, we also have Bordeaux, Lyon, Nice and Marseille. But don't just rely on these big cities, there is something for everyone.
The rental vacancy is the period of time between two tenants. It is an important element to take into account when evaluating the profitability and sustainability of a real estate investment. It is necessary to take into account the rental demand. A student city with good access will have a high demand for T1 and T2 apartments, whereas a T4 or T5 apartment will be difficult to find in these areas.
Mispricing your property and setting a rent above the market price can lead to vacancies. Asking for advice and being well informed about the market is the best way to get the right price.
The lack of time can seriously impact the profitability of your property. Finding a tenant requires several visits and availability. If you do not have this time available, do not hesitate to call upon an agency or an independent professional.
The maintenance of your property can make you lose many files. A coat of paint, a renovation of the plumbing, better insulation, are key points that reassure tenants. Also think about lightening the decoration, purifying the furnishings and staying sober if it is a furnished property so that a greater number of potential tenants can project themselves.
Before any rental investment, consider doing a serious and complete market study, either by yourself or by delegating this task to a professional.
If you need to, please contact one of our agents at www.groupemobilis.com
