Paris 18th: a district with a thousand assets
The 18th borough is a district of a thousand paradoxes. Did you know that this district is the most visited by tourists who stay in Paris every year? Despite this craze, the district remains one of the cheapest in Paris. Good news for those who want to make a good rental investment !
More than 10 million tourists visit the Sacré-Coeur each year, located on Butte Montmartre, in the heart of the 18th borough of Paris. If, we add the Pigalle district, the picturesque streets of the Butte and its famous Place du Tertre or the lively district of Pigalle and the Montmartre cemetery, the 18th borough has become over time the most touristic of them all! Despite this incredible craze and global reputation, the 18th borough is also one of the cheapest in Paris. This rapidly changing borough in the north of Paris offers real opportunities for successful real estate investments. If the price per m² is around €11,000 in the most touristy streets of the district (and go up to €15,000 per m² at Place du Tertre), we can find places at around €9,000 per m² behind the Clignancourt district (Jules Joffrin or Lamarck-Caulaincourt), areas that remain very appreciated by Parisians for its quality of life. The rapidly changing eastern districts of the borough are often more affordable. Thus, the price per m² in the sector of Château Rouge, a very popular sector, rarely exceeds €9,500. In the midst of that district, the Chapelle sector is even more interesting with a price per m² just over €8,000, near the Porte de la Chapelle. Beware, however, of the “lark mirror” effect: in fact, it is not because a sector is more attractive to buy than it is in terms of rental yield. Thus, if the price per m² is more interesting near the Marcadet Poissonniers subway station (€8,200) than around the Château Rouge metro station (€9,200), yet located less than 600 meters from each other, than this will result in the same profitability. Thus, for a T3 of 55 m², it will take more than 23 years to recoup the investment at Marcadet Poissonniers but only 17 years at Château Rouge, according to the last Homepilot study. To support you in your rental investment projects in the 18th borough, call on The Place to Be France team!