Best Cities to Buy or Rent Property in France Based on Depreciation Time vs Renting – Meilleurs Agents Survey

Property prices fallmore credit levels that are still high even if they standnot forgetting rising rents… living in the city seems complicated.

Depreciation period

Should you rent a small place to buy a bigger property later or get the property outright that meets your long-term life plan?

Elements of a response to a survey by Meilleurs Agents, specialized in online real estate valuation, which reveals its ranking of French cities where it is better to buy 1 or rent 70 m2, according to the depreciation time ².

Six years and three months in Saint-Étienne

For people who do not plan to stay more than a few years in the same home, buying a 70 m2 apartment in 62 municipalities of the 200 largest French cities is still interesting with a depreciation period of less than nine years.

This is especially true in Saint-Quentin (four years), Mulhouse (four years and one month), Creil (four years and eight months) where it takes less than five years to buy this type of property to make profitable with relationship. to rent

In Saint-Étienne, it takes 6 years and 3 months.

Between nine and 13 years for 70 m² in other cities

Buying a 70 m2 apartment pays off after about nine years in Metz, Avignon and Valence. In Paris, it was only after 11 years and 11 months.

The cities are Marseille (10 years and four months), Lille (10 years and five months), Montpellier (10 years and six months), Nice (11 years and seven months), Bordeaux (12 years and 11 months) and Strasbourg (12 years and seven months) this same reasoning followed.

In Dijon, Colmar, Besançon, Grenoble and Villeurbanne, the periods vary between 10 and 11 years.

Lyon, Annecy: be patient

For 27 municipalities among the 200 largest cities in France, the purchase of a 70 m2 property takes more than 13 years to be profitable.

This is the case for the cities of Lyon, Nantes and Rennes with 13 years and two months respectively, 13 years and four months and 13 years and five months of depreciation period.

The city of Chambéry wins by 15 years and two months. For the towns of Annecy, Saint-Germain-en-Laye, Saint-Malo, Anglet and Les Sables d’Olonne, this period is even higher than 20 years!

Should we buy or rent in the big cities in our area?

City Amortization PeriodMulhouse Four years and one monthBelfort five years and seven monthsSaint-ÉtienneSix years and three monthsVénissieux Seven years and 10 monthsMontelimar Eight years and 11 monthsThionvilleEight years and 10 monthsNancy eight years and five monthsAnnemase Eight years and three monthsAvignon Nine years and 10 monthsBourg-en-Bresse Nine years and eight monthsValenciaNine years and three monthsMetzNine years and one monthVaulx-en-Velin Nine years and one monthDijon 10 years and 11 monthsColmar 10 years and three monthsBesancon10 years and two monthsGrenoble 11 years and three monthsVilleurbanne 11 yearsStrasbourg 12 years and seven monthsLyon 13 years and two monthsChambéry 15 years and two monthsAnnie 20 years

1 For a 25-year loan with a credit rate of 4% and an insurance rate of 0.15%, granted to two adults without children with an average local income, a grant of €60,000.

² This is the time since the owner’s assets became greater than the tenant’s assets. To make this calculation, assumptions must be made about future developments in the economy: real estate prices, rents and inflation. The loan rates are then reassessed to take into account the possibility of renegotiating the credit.