Angers, Brest, Nîmes and Dijon have become interesting cities for investors. (Pixabay / mastersenaiper)
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Given the health crisis linked to Covid-19, real estate purchase desires are turning away from large cities to go to medium-sized cities. Due to their dynamism and their geographical location, Angers, Brest, Nîmes and Dijon have become attractive cities for investors.
The health crisis we are experiencing has disrupted the real estate market. New desires have arisen among buyers looking for more space and greenery. Qualities that are found in medium-sized cities. Thus, nearly a quarter of workers in large urban areas say they wish to move to medium-sized cities, according to the 2020 barometer of territories published by Villes de France and relayed by The echoes. It is also a boon for investors who can ensure better returns than in large metropolises.
Among the medium-sized towns whose attraction is growing: Angers. The Maine-et-Loire prefecture, which is located 1h30 from the capital by train, benefits from new urban developments and is economically attractive with new job creations. As a result of this attractiveness, prices are on the rise (+ 3.2% in one year). It takes 2,519 euros per m² in the old and 4,398 euros in the new. It takes 45 months to make the purchase profitable. Investors can expect stable returns of between 5% and 6% in the old and on the arrival of more and more students each year.
A 5.7% increase in prices in Brest
Brest is also one of the attractive medium-sized towns. It offers a profitability of around 6.6%. The high proportion of students (14% of the city’s total) and an amortization period of less than three years are enough to reassure investors. It takes less than three years to amortize your purchase. The real estate market is tightening. Prices rose 5.7% year on year in the old, and 12% in the new, according to data from Best Agents and SeLoger.
Other medium-sized towns include Nîmes and Dijon. In the Gard prefecture, prices are between 20% and 40% cheaper than in Montpellier, which is 50 minutes away by car. Profitability stands at 6.4% on average per year, all types of housing combined. At 1 h 40 from Paris by TGV and 1 h 50 on average from Lyon, the prefecture of the Côte-d’Or benefits from its still low price (2,382 euros per m² in the old and 3,760 euros in new according to data from Meilleur Agents and SeLoger Neuf) for a profitability of 5.9%, details The echoes. Prices have jumped 3.7% in one year.
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