With the price of a square metre in Paris having just dropped below €10,000, you might be tempted to invest in property in the French capital. But is it really that profitable? To answer this question, broker Meilleurtaux carried out a study of France's 32 largest cities to determine how quickly a property owner can begin to make a return on his or her investment. The result of the survey: it takes an average of 15 years and six months to amortize the purchase of a principal residence, no matter where you live in France. But when it comes to ranking cities, there are major disparities.
Among France's 32 largest cities, Mulhouse is the one where you'll find the fastest payback on the purchase of your principal residence (one and a half years), but what about Paris? Unsurprisingly, the capital comes last by a long way. You'll need an average of thirty years to get a return on your investment. And when you consider that, on average, the French move every seven years, you don't need to be good at math to realize that renting your home is ultimately more profitable than buying it. Unless, of course, you're young and intend to spend most of your life in the same home.
Paris real estate: the price per m² falls below the symbolic €10,000 mark
With the new September estimate, the price of a square meter in Paris has passed a symbolic barrier. It's the first time since 2019 that this average has fallen below €10,000. Now's the time to take advantage. [Read more]
Paris real estate: the price per m² falls below the symbolic €10,000 mark
