RENTAL INVESTMENTS IN PARIS
World capital of tourism, attractive et vibrant, Paris keeps its place at the top of the list of ideal cities for rental investments. Vincent Moussion, Manager of the Villaret Immobilier agencies alongside his brother François-Régis, offers his advice for anyone searching for an appropriate property.
Based in the capital’s lively and fashionable neighbourhoods, Villaret Immobilier has focused on the heart of Paris since it started out in 1996 by launching its first agency in Le Marais. Are these central addresses strategic neighbourhoods when it comes to ensuring good rental income ?
“Le Marais and the area near the Place de la Bastille are neighbourhoods offering the huge advantage of seeing much more demand for rentals than supply,” explains Vincent Moussion.
On Rue Vieille du Temple, between the Picasso Museum and Rue de Bretagne, within the walls of the Hôtel Hozier dating back to 1623, this charming apartment of 51 m2, sold unfurnished and leased, offers a pretty view of the mansion’s garden. It is comprised of a spacious bedroom and a very large living room with an equipped open kitchen. Cellar. Vendu à 790.000 €.
On Rue Vieille du Temple, between the Picasso Museum and Rue de Bretagne, within the walls of the Hôtel Hozier dating back to 1623, this charming apartment of 51 m2, sold unfurnished and leased, offers a pretty view of the mansion’s garden. It is comprised of a spacious bedroom and a very large living room with an equipped open kitchen. Cellar. Vendu à 790.000 €.
On Rue Vieille du Temple, between the Picasso Museum and Rue de Bretagne, within the walls of the Hôtel Hozier dating back to 1623, this charming apartment of 51 m2, sold unfurnished and leased, offers a pretty view of the mansion’s garden. It is comprised of a spacious bedroom and a very large living room with an equipped open kitchen. Cellar. Vendu à 790.000 €.
On Rue Vieille du Temple, between the Picasso Museum and Rue de Bretagne, within the walls of the Hôtel Hozier dating back to 1623, this charming apartment of 51 m2, sold unfurnished and leased, offers a pretty view of the mansion’s garden. It is comprised of a spacious bedroom and a very large living room with an equipped open kitchen. Cellar. Vendu à 790.000 €.
On the 4th and 5th floors of a building with lift near La Place des Vosges, this ravishing bright duplex of 48 m2 is comprised of 2 bedrooms and a kitchen opening out to the living room, giving onto a balcony. 785.000 €.
On the 4th and 5th floors of a building with lift near La Place des Vosges, this ravishing bright duplex of 48 m2 is comprised of 2 bedrooms and a kitchen opening out to the living room, giving onto a balcony. 785.000 €.
On the 4th and 5th floors of a building with lift near La Place des Vosges, this ravishing bright duplex of 48 m2 is comprised of 2 bedrooms and a kitchen opening out to the living room, giving onto a balcony. 785.000 €.
On the 4th and 5th floors of a building with lift near La Place des Vosges, this ravishing bright duplex of 48 m2 is comprised of 2 bedrooms and a kitchen opening out to the living room, giving onto a balcony. 785.000 €.
Tucked away on the 6th and top floors of a very handsome old building on Rue des Filles du Calvaire, this split-level apartment of 21 m2 enjoys lovely clear views. It is comprised of a dual-aspect living room with an open kitchen, and a bedroom on the mezzanine beneath the attic. For sale, occupied, on a furnished lease. 345.000 €.
Tucked away on the 6th and top floors of a very handsome old building on Rue des Filles du Calvaire, this split-level apartment of 21 m2 enjoys lovely clear views. It is comprised of a dual-aspect living room with an open kitchen, and a bedroom on the mezzanine beneath the attic. For sale, occupied, on a furnished lease. 345.000 €.
A small family group, Villaret Immobilier was founded in 1996 by brothers François-Régis and Vincent Moussion. It now has three agencies in Paris. Villaret Immobilier Marais, 97, rue Vieille du Temple, Paris 3 (01 42 78 17 20). Aligre, 2, rue Théophile Roussel, Paris 12 (01 87 89 82 00). Bastille, 35, rue de Charonne, Paris 11 (01 53 44 74 74). www.villaret-immobilier.com
A small family group, Villaret Immobilier was founded in 1996 by brothers François-Régis and Vincent Moussion. It now has three agencies in Paris. Villaret Immobilier Marais, 97, rue Vieille du Temple, Paris 3 (01 42 78 17 20). Aligre, 2, rue Théophile Roussel, Paris 12 (01 87 89 82 00). Bastille, 35, rue de Charonne, Paris 11 (01 53 44 74 74). www.villaret-immobilier.com
“For a rental investment, it is usually advisable to acquire studios or 1-bedroom apartments. Larger surface areas often offer lower rental return. There are several types of rentals : furnished or unfurnished accommodation comprising the tenant’s main home, whose rent is regulated. Accommodation comprising the tenant’s second residence, allowing for the rent to be freely determined. And seasonal rentals, which are definitely very profitable nowadays, but also highly regulated, so that properties benefitting from the necessary authorizations are much more expensive to acquire. In real estate, a “quid pro quo” always accompanies high profitability.”
What about rent control ?
“Central neighbourhoods present well-calibrated rent control ranging from 28 to 40 euros per sq.m / per month, depending on the street. As for energy performance, it is usually necessary for some work to be done before offering a property for rent. Work which, in most cases, consists of cladding and insulating walls on the outer side of a building, replacing the water heater, and improving the property’s ventilation. This work is usually deductible from property income, adds value to the apartment, and does not cost that much. And it is worth noting that even if conditions for obtaining a loan have become tougher, real estate remains the only investment that can be financed.”
