OIQIA presents 5 cities to invest in short-term rentals

Camille

June 1, 2022

This article was amended on

7/6/2022

This article was updated and republished on

1- Narbonne

Narbonne is a city of more than 55,000 inhabitants located in Aude in the Occitan region.

The city is known for its Robin Canal, which has been a UNESCO World Heritage Site since 1996.

Its advantages:

  • Sunny city that enjoys 3000 hours of sunshine per year.
  • It is a seaside resort with 5 km of fine sandy beach (Narbonne Plage).
  • Located near major cities (between Toulouse, Montpellier and Perpignan), Narbonne is an essential crossroads in the South of France.

The Grand Narbonne 2030 project intends to accelerate the economic development of the city, in particular by strengthening the attractiveness of its territory. This growth will be green and focused on mobility, economic innovation and employment, based on the strengths of the city, in particular its tourist and cultural offers.

Narbonne is currently trying to modernize its city center by improving the comfort of buildings through renovations of apartments, facades and the construction of car parks.

The average price per square meter for an apartment is €1,869. This price varies and is in a price range between €1,129 and €2,484. For a house, it will cost, on average, €2,495 per square meter. This price varies between €1,496 and €3,328.

> Make a request for rental management in Narbonne

Narbonne - Conciergerie OIQIA

2- Le Mans

Le Mans located in the department of Sarthe in the Pays de la Loire, this city has more than 143,800 inhabitants. It is a city with a strong economy thanks to its shops and which is full of a strong cultural and historical heritage.

The center is the charm of Le Mans with medieval architecture buildings and half-timbered houses, and is especially popular with tourists.

Its advantages:

  • Labelled City of Art and History.
  • Host the 24 Hours of Le Mans every year: The event would report 75% of the town's annual economic benefits.
  • It is located 2.5 hours from Paris, 2 hours from Nantes, 2 hours from Nantes, 2 hours from Rouen, 1 hour 40 minutes from Rennes and 50 minutes from Tours.

The average price per square meter for an apartment is €1,626. This price varies and is in a price range between €1,062 and €2,107. For a house, it will cost, on average, €1,986 per square meter. This price varies between €1,298 and €2,579.

> Make a request for rental management in Le Mans

Le Mans - Conciergerie OIQIA

3- Quimper

Quimper is a French town with more than 63,283 inhabitants.

It is located only 15 km from the Atlantic Ocean. Its position at the end of the estuary plays an important role in the city's economy.

It is also an important tourist city, because it has a rather unusual architecture and many monuments to visit such as St Corentin Cathedral, museums, cider houses, or even the city itself, which received the National Grand Prix for Flowering. Its authentic and preserved coastline will delight nature lovers.

Its advantages:

  • A pleasant city where it is good to live.
  • Very popular tourist town.
  • Quimper is served and very accessible and it is not very far from big cities such as Rennes (2 hours), Nantes (2 hours 30 minutes) or Brest (1 hour) by car.

Quimper is one of the best cities to invest in seasonal rentals, with affordable prices per m²: The average price per square meter, for an apartment, is €1,856. This price varies and is in a price range between €1,183 and €2,619. For a house, you will need, on average, €2,026 per square meter. This price varies between €1,289 and €2,868.

> Make a request for rental management in Quimper

Quimper - Conciergerie OIQIA

4- Carcassonne

Carcassonne has more than 46,800 inhabitants and has experienced constant population growth since the 1800s.

The city is particularly known for the City of Carcassonne, a medieval architectural complex, which has been a UNESCO World Heritage Site since 1997. Carcassonne is located 95 kilometers from the city of Toulouse and is in a strategic location between the Mediterranean Sea and the Atlantic Ocean.

Its advantages:

  • A city classified as a UNESCO World Heritage Site
  • The town is located on the road connecting the Mediterranean Sea and the Atlantic Ocean.
  • Carcassonne is only 95 kilometers from Toulouse, the famous pink city.

The city allows you to benefit from an exceptional rental yield with bookings that range from April to December.

The average price per square meter for an apartment is €1,156. This price can vary between €637 and €1,562. For a house, you will need, on average, €1,585. This price varies between €874 and €2,143.

> Make a request for rental management in Carcassonne

Carcassonne - Conciergerie OIQIA

5- Tours

The city has a total of 136,125 inhabitants, whose average age is 35.

Its proximity to Île-de-France allows it to benefit from great economic competitiveness as well as a certain capacity for innovation. Tours decided to continue its modernization while maintaining its traditional side.

Thus, with the development of its eco-district, modern buildings stand side by side with monuments from the Renaissance and the medieval period. As mentioned before, Tours has many cultural assets. There are the famous Châteaux de la Loire, large wine-growing areas and you can visit more than a hundred tourist cellars. In terms of its accessibility, Tours is constantly improving. With its TGV line, you can get there in less than an hour from Paris.

Its advantages:

  • Tours' tourist attraction thanks to its strong cultural identity
  • Its gastronomic and wine region is very popular in Val de Loire.
  • Quick access by TGV 1 hour from Paris

For an apartment, the average price per square meter will be €2,951. This price varies between €2,036 and €4,127. For a house, it will cost, on average, €3,872 per square meter. This price varies between €2,667 and €5,410.

> Make a request for rental management in Tours

Tours - Conciergerie OIQIA


Conclusion: What are the advantages of investing for a short term?

Are you still hesitating about this rental strategy?
All short-term rental enthusiasts agree that the income from this activity is on average 2.5 to 3 times higher to those of a naked rental.
Return on investment rates, on the other hand, rise easily between 12% and 25% (and yes, depending on the purchase price per m2 made in attractive cities)
It is therefore the ideal rental method for the investor who wants to make cash flow quickly. Same remark for the investor who wants to repay his property in a very short period of time.

There is no shortage of arguments and here is a summary to keep in mind:

1/ The assurance of being paid.
2/ The flexibility of being able to freely vary your rates.
3/ Double-digit profitability.
4/ An advantageous tax system.
5/ A very low level of degradation.
6/ Delegate management to a concierge and take advantage of its income...

Interested in our comprehensive solution?

To discuss the management of your tourist rental project and to know the details of the operation, make an appointment with one of our advisors.

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