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In Saint-Etienne, it is more profitable to buy than to rent.
Real estate prices in drop, but rates that remain high, rents rising… the equation for these French people who want to live in the city is not easy to solve. Should you rent a small space to purchase a larger property later, or directly purchase the property that will meet their life plan in the long term? Best Agents unveils its latest ranking of cities where it is better to either buy or rent a 70m2 apartment, depending on the amortization period, within the 200 largest cities in France.
Municipalities where the purchase of a 70 m² unit is profitable in less than 4 years, that exists!
For these French people who do not plan to stay more than a few years in the same accommodation, the purchase of a 70m² apartment in 62 municipalities of the 200 largest cities in France remains interesting with a depreciation period of less than 9 years. This is particularly the case at Saint-Quentin (4 years), Mulhouse (4 years and 1 month) et Creil (4 years and 8 months) where it takes less than 5 years to make the purchase of this type of property profitable versus being a tenant, that is to say to build up at least equivalent assets.
Between 9 and 13 years to make a 70m² profitable… It all depends on the life plan!
HAS Paris, the purchase of a 70 m² apartment is only profitable after 11 years and 11 months. A temporality to put into perspective with the different life projects of the French, in particular for the 42% of 18-34 year olds*, who plan to buy a property due to a change in the composition of their household. If the amortization period corresponds to the life plan in the city, purchasing this type of property remains a good idea. The metropolises of Marseille (10 years and 4 months), Lille (10 years and 5 months), Montpellier (10 years and 6 months), Nice (11 years and 7 months) et Bordeaux (12 years and 11 months) follow this same logic.
Annecy, Anglet, Sables-d’Olonne: these places where amortization takes more than 20 years
For 27 municipalities among the 200 largest cities in France, the purchase of a 70m² property takes more than 13 years to be profitable. This is the case for metropolises of Nantes et Rennes with respectively 13 years and 4 months and 13 years and 5 months of amortization period. For the cities ofAnnecy, Saint-Germain-en-Laye, Saint-Malo, Anglet and the Sables d’Olonnethis duration even exceeds 20 years.
What you must remember
- In 62 municipalities of the 200 largest cities in France, the purchase of a 70m2 remains attractive with a depreciation period of less than 9 years. Particularly in Saint-Quentin (4 years), Mulhouse (4 years and 1 month) and Creil (4 years and 8 months).
- In Paris, the purchase of a 70m2 apartment in the capital is profitable after 11 years and 11 months. The metropolises of Marseille (10 years and 4 months), Lille (10 years and 5 months), Montpellier (10 years and 6 months), Nice (11 years and 7 months) and Bordeaux (12 years and 11 months) also have profitability periods greater than 9 years.
- For 27 municipalities among the 200 largest cities in France, the purchase of a 70m2 property takes more than 13 years to be profitable. Nantes et Rennes (13 years and 4 months and 13 years and 5 months)
- For cities from Annecy (20 ans)Saint-Germain-en-Laye (20 years and 2 months), Saint-Malo (20 years and 5 months), Anglet (21 years and 5 months) and Sables d’Olonne (21 years and 9 months), this duration exceeds 20 years.
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