Colmar: -6.6%
Colmar, a city located in Alsace, recorded the largest drop with a 6.6% decrease in housing prices. Known for its tourist charm, the city's real estate market is however showing clear signs of slowing down. The average price per square meter for an apartment is €2,126, while the gross rental profitability amounts to 6.1%. This relatively high level can attract investors looking for an attractive return despite falling prices.
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Montreuil (93): -4.0%
Montreuil, a close suburb of Paris, saw a notable drop of 4.0% over the last three months. With an average price of €5,637 per square meter, the city remains relatively expensive even for a city adjoining Paris, which can partly explain the decline in prices. Simple market correction? Maybe… Montreuil offers an average gross rental yield of 4.0%, lower than other cities in the region, which could encourage some investors to be cautious.
Le Havre: -4.2%
Contrary to Caen and Cherbourg which are seeing their prices soarLe Havre recorded a 4.2% decrease in housing prices, despite the city's efforts to revitalize itself. The average price per square meter is currently €2,275, while the gross rental yield stands at 6.5%, an attractive rate for investors. This high profitability can offset falling prices for those looking for a profitable short-term investment. Be careful, however, as always, with the location!
Nogent-sur-Marne (94): -3.3%
In Nogent-sur-Marne, housing prices have fallen by 3.3% over the last three months, still reaching €6,040 per square meter on average. Located in the Paris suburbs, Nogent-sur-Marne is popular for its quality of life. The average gross rental yield remains moderate, at 4.1%. This yield, combined with falling prices, may temper the enthusiasm of investors seeking a balance between stability and profitability.
Asnières-sur-Seine (92): -3.7%
Finally, Asnières-sur-Seine, located in Hauts-de-Seine, suffered a 3.7% drop in housing prices. The average price per square meter in this city is €6,096, making it a relatively expensive city on the outskirts of Paris. The gross rental yield is 4.5%, a moderate rate which could encourage buyers to be cautious, especially in a context of falling prices.
These five cities show that the French real estate market is experiencing notable adjustments in certain areas. If cities like Colmar and Le Havre offer an attractive gross rental profitability of more than 6%, announcing a probable stabilization in the coming months, Montreuil and Asnières-sur-Seine offer more moderate yields, which could encourage investors to caution. These trends reflect regional disparities and remind us of the importance of carefully assessing the rental potential of a city before investing in a context of falling prices.
