Why does real estate in the suburbs of France attract investors?

The need for tranquillity and outdoor activities is driving up interest in country houses. Many people, tired of the coronavirus pandemic, especially Parisians who live in one of the most densely populated cities in the world, want to buy areal estate in Franceaway from the bustling cities. Having a second home as an alternative to a cramped apartment, to walk freely and breathe freely, is a cherished dream for those who have spent long days in isolation.

The advantages of country living

Demand for a 'residence' outside of a major city, where you can sometimes spend half a week due to the increasingly popular home office, is growing by the day. According to a survey by real estate agency Barnes, 45 percent of those surveyed want to change their current living situation.

For example, a Parisian couple is selling their 120-square-meter apartment in the chic Marais district for abuying a house in Franceof 50 square meters. It is located in a rural area an hour away from the metropolis.

Sale villa in Gassen 2 366 206,00 $

France,Gassen

3 Bedrooms

3 Bathrooms

140 м²

Sale house in Mezhev 4 427 264,00 $

France,Mezhev

6 Bedrooms

6 Bathrooms

330 м²

Sale flat in LA 3 948 324,00 $

USA,LA

3 Bedrooms

5 Bathrooms

454 м²

Sale flat in Cannes 1 770 272,00 $

France,Cannes

4 Bedrooms

166.53 м²

Sale flat in Nice 75 892,00 $

France,Nice

1 Bedroom

21.7 м²

Sale flat in Paris 429 580,00 $

France,Paris

1 Bedroom

33 м²

However, it is not easy. Because in the suburban area, real estate is still quite expensive. Those who accept a longer distance should focus on the TGV high-speed train routes.

Here too, the search area and type of home should be determined in advance, while remaining vigilant about a number of things: cost of maintenance, sanitation system non-compliance, etc.

What are the benefits of buying real estate in the suburbs?

In addition to outdoor recreation and freedom,house in Francecan be considered an investment: buying a home in a rural area allows you to rent out the apartment and therefore receive immediate financial benefits.

One of the biggest advantages of the suburbs is the ability to purchase a property at a lower price than in the city. For example, the average cost of a single-family home in the Ahuntsic-Cartierville neighborhood in Montreal in the first quarter of 2021 was actually $359950. Therefore, for young buyers with a limited budget, this option is very attractive.

Although the cost orrental property in Franceoutside major cities is small, comfortable living sometimes requires the purchase of a car or even a second vehicle, which is a significant expense.

The cities of Rennes, Nantes and Lyon have seen larger price increases this year for thereal estate in Francethan in Paris, where the average price per square meter is more than 10,000 euros.
The resort of La Baule on the Atlantic coast, which can be reached in just over three hours by TGV train, is also considered one of the most popular of the options.