[Article partenaire] Between tourist and cultural attractiveness, unparalleled quality of life and economic dynamism, Marseille has no shortage of assets. The city of Marseille is particularly promising land in terms of real estate, and brings together many opportunities for investors, who can benefit from strong rental demand and old housing in the heart of attractive and contrasting districts. Overview of the five reasons to invest in real estate in Marseille.
Marseille, a dynamic city
Marseille is the second largest city in France after Paris, with 860,000 inhabitants. Its seaport, the first French port, guarantees a strong activity which is essential today as a major economic center of the city.
On the other hand, Marseille is experiencing significant urban development, in particular thanks to the large-scale Euroméditerranée project, which mainly aims to improve the quality of life and safety locally. Currently, redevelopment projects are underway in the lower part of the Canebière, rue Caisserie, rue Méry, the Bourse sector, and the Marseille hyper-center with the Mazagran pole, aiming to revitalize, streamline and harmonize traffic axes and urban space.
Marseille, a city where life is good
Marseille is also one of the cities in France benefiting from the better sunshine rate. This ideal climate, combined with the natural assets of Provence, the proximity of the sea and the mountains, and the cultural and historical richness of the city, help to offer residents an excellent quality of life.
This economic dynamism and these many attractions make Marseille a very attractive city for tenants and investors, which are thus guaranteed to benefit from a strong rental demand.
Marseille is distinguished by a real estate market that is dynamic, varied, but affordable. For example, while a budget of 200,000 € will make it possible to acquire a 20 m² apartment in Paris, it will be possible to buy, for the same amount, a 60 m² property in Marseille.
In this town in the PACA region, property prices also vary depending on the district. A large price difference per square meter is, for example, notable between goods in the 7th or 8th arrondissements and goods located in the northern districts of the city. Indeed, the 7th and 8th arrondissements are the most expensive districts, with a price per square meter of over € 4,000.
The following districts offer goods accessible to average budgets: the 6th district with an average price of 3,142 € per m²; the 11th and 12th arrondissements at € 3,410 per m²; and the 9th arrondissement at € 3,222 per m².
Finally, for an investor seeking to benefit from high profitability, with prices below € 3,000 per square meter, the following districts will be more suitable: the 1st, 2nd, 3rd, 4th, 5th, 10th, 13th, 14th, 15th and 16th arrondissements.
It takes, on average, 2,862 € per square meter for a real estate investment in Marseille. The rental yield is therefore very interesting there, because the purchase price is much lower than that other large French cities.
Like most large French metropolises, Marseille brings together many diverse and contrasting neighborhoods, which host different tenant profiles and different property types. Each arrondissement has its own very distinct identity, which allows the future owner to make an investment suited to his criteria and needs.
Thus, La Joliette, a former working-class district, is now an attractive business district, very popular with executives and young workers. In addition to the many professional opportunities it hosts, the district also benefits from green spaces and proximity to the sea, which make it more attractive to tenants.
The Euroméditerranée 2 district, born from the colossal renovation project of the same name, brings together excellent investment opportunities, with modern properties, in an innovative and promising district of the future.
Among the other very attractive districts of Marseille, we must also mention the 1st arrondissement, located in the very center of the city. This district brings together many students, who appreciate its very rich cultural life, its dynamism and its very wide academic offer.
Finally, the 4th arrondissement of Marseille is popular with families for its calm, its museums and the splendid Longchamp park. This district mainly gathers old housing of large surfaces.
An investment that is both profitable and low-risk
Marseille is therefore a dynamic city, where the rental vacancy is generally quite low, even if it is however higher than in Paris, Bordeaux, or Lyon. On the other hand, the average profitability of an investment in Marseille is 5.5%, which is higher than in other large French cities.
Buy a property in Marseille is therefore both profitable and low risk overall for investors looking for a dynamic and attractive city in which to carry out a rental property project.
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