Paris’19th borough: great rental investment opportunities in a district in full revival
The 19th borough of Paris is a district in full revival since the arrival of Paris philharmonic orchestra, and the renewal of La Villette district. Nowadays the 19th borough offers many advantages leading to a profitable rental investment.
Paris 19th borough is still the cheapest area of Paris, but that will not last! In ten years, the prices per m² of this area, very popular with families and young managers, have increased by almost 40%! Thus, the sector of avenue Jean-Jaurès which runs along the Bassin de la Villette, leads to the new Paris Philharmonic premises, recently saw its prices soar for averaging €9,300 per m², and sometime exceeding €10,000 per m², especially around the Laumière metro station. This district provides access to the famous Parc des Buttes Chaumont, one of the busiest areas of Paris. Very beautiful bourgeois Haussmannian type buildings can be found around this park, with prices from €13,000 and up to €20,000 € per m² when it comes to houses found in the Mozaïa district. For a secure real estate investment, one should focus on sectors in full revival such as the one of the western shores of the Bassin de la Villette bordering the 18th borough. On avenue de Flandre, on which stands the tallest residential towers in the capital, including the Prelude Tower of 123 meters high, prices are around €7,500 per m². This sector will continue to see many new projects developing, offering great investment opportunities. To guide and support you in your queries, phone The Place To Be France, the team of real estate property hunters in Paris.