Written by Kittenproperties
09.08.2023
Rennes, the vibrant capital of the Brittany region in northwest France, has over the years transformed from a quaint historic town to a burgeoning hub for real estate investment. The city's rich history, coupled with its modern dynamism, has made it a prime spot for both domestic and international investors. From modern apartments in the city center to charming homes in suburban neighborhoods, Rennes offers a diverse range of properties that cater to various investment goals.Located in Brittany, Rennes is not only culturally rich but also an economic powerhouse. The city is home to a diverse range of industries, from information technology to automotive. With its thriving economy, Rennes attracts professionals and students alike, leading to a constant demand for housing.Rennes, an urban jewel in the heart of the Brittany region, has long held a reputation as a city that beautifully marries tradition with modernity. From its medieval streets to its contemporary skyscrapers, Rennes offers a unique landscape that has been increasingly recognized by the global real estate community. As the city grows and its industries thrive, opportunities for real estate investments continue to abound.
Rental: Studio: €500 - €700 per month 2-bedroom: €800 - €1,100 per month 3-bedroom: €1,100 - €1,400 per month Sale: Studio: €150,000 - €200,000 2-bedroom: €250,000 - €300,000 3-bedroom: €300,000 - €450,000
Rental: 2-bedroom: €1,000 - €1,300 per month 3-bedroom: €1,300 - €1,600 per month 4-bedroom: €1,600 - €2,000 per month Sale: 2-bedroom: €300,000 - €400,000 3-bedroom: €400,000 - €550,000 4-bedroom: €550,000 - €700,000
Rental: Small shop: €2,000 - €3,000 per month Office space (100 sqm): €2,500 - €4,000 per month Sale: Small shop: €400,000 - €600,000 Office space (100 sqm): €500,000 - €800,000
City Center: The heart of Rennes and most expensive in terms of real estate. Rich in history and close to amenities, it's perfect for short-term rentals or luxury apartments. Thabor – Saint Hélier: A serene residential area with beautiful parks. Great for families and long-term rentals. Brequigny: More affordable and offers good potential for appreciation. Ideal for first-time investors. Cleunay – Arsenal – Redon: Close to shopping centers and offices, it's perfect for commercial properties and apartments.
City Center: Rent (2-bedroom): €1,200 - €1,500 Sale (2-bedroom): €350,000 - €450,000 Thabor – Saint Hélier: Rent (2-bedroom): €1,000 - €1,300 Sale (2-bedroom): €300,000 - €380,000 Brequigny: Rent (2-bedroom): €800 - €1,000 Sale (2-bedroom): €230,000 - €280,000 Cleunay – Arsenal – Redon: Rent (2-bedroom): €850 - €1,100 Sale (2-bedroom): €240,000 - €310,000
Historically, Rennes was a market driven by local demand. However, as its education sector grew and industries expanded, it attracted international attention. Over the past two decades, property prices have seen a consistent upward trajectory, making early investments highly profitable.
Home to some of France's most prestigious universities and research centers.
The rise of tech startups and the IT sector has led to increased employment opportunities.
A bustling arts scene, music festivals, and historical sites make Rennes a popular tourist destination.
The city's connectivity, through high-speed trains and an efficient local transport system, adds to its allure.
Known for its upscale residences and proximity to major offices, making it perfect for young professionals.
A district gaining traction due to its affordability and the presence of several universities. Ideal for student housing investments.
A developing region with numerous new projects, offering opportunities for investors to get in early and benefit from appreciation.
While Paris remains the epicenter of French real estate, its saturated market and high entry prices can deter new investors. In contrast, Rennes, like cities such as Bordeaux and Toulouse, offers a more accessible entry point without compromising on ROI.
Before diving into the Rennes property market, investors should familiarize themselves with French property laws, taxes, and the rights of tenants. For instance, rental controls exist in certain parts of the city, and there are benefits available for restoring older properties.
Investing in a dilapidated townhouse in Villejean, he renovated it into three student apartments, now yielding an annual ROI of 7%.
A consortium that bought old commercial spaces in Nord Saint Martin and converted them into tech hubs, now leased to startups and global IT firms.
In conclusion, Rennes presents a lucrative opportunity for real estate investors. With its diverse property types and consistent demand, it's a market worth exploring. As always, due diligence and thorough research are crucial before making any investment decisions.
Yes, Rennes offers a stable market with consistent demand, thanks to its thriving economy, educational institutions, and cultural attractions.
Apartments in the city center are ideal for short-term rentals, given their proximity to attractions and amenities.
The French government offers tax breaks and incentives for property investors, especially if the property is renovated or if it's rented out under specific conditions.
Given the city's consistent growth and development plans, the outlook is positive, with steady appreciation expected.
Rennes is more affordable than Paris but offers similar returns on investment. Compared to Lyon, Rennes is slightly cheaper but with an equally robust rental market.
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