Where to invest for a successful rental investment in Le Havre ? Everything is explained in this article 💡
Why invest in Le Havre?
Located two hours from Paris, Le Havre is the largest city in Normandy and the second largest port in France. In recent years, the city has seen a strong resurgence of interest from investors.
In a few points, Le Havre is:
170,000 inhabitants
13,300 students
A lower unemployment rate than the national average
A real estate price lower than most major cities with an investment budget of 85,000€
An average price of €2,091 per m2 for an apartment
But where should one make their rental investment? What are the best neighborhoods? End of the suspense, here is our study! The study is based on the investment potential. It is an internal indicator calculated according to rental pressure, potential capital gain, and forecasted net cash flow. The indicated percentage represents the net profitability.
The 5 recommended districts 🌱
Here are the details; here are the 5 neighborhoods we recommend.
The university district
With an average of 13,000 students each year attending the university and the 8 major schools, Le Havre represents a dynamic market for rental investments. Within the Sainte-Marie Saint-Léon university district, small spaces like studios meet demand and ensure a good net yield (4.95%). An ideal area at attractive prices, where the initial investment is very accessible.
The transforming Eure district
Around the basins and docks of the former port area, the Eure district to the south has reimagined itself to transform the abandoned cotton warehouses. In the midst of revitalization, with beautiful Havre buildings and newer constructions, it benefits from the proximity of the EM Normandie business school. Rental property shows a net yield of 4.89%.
The particularly sought-after city center
Designed by famous architects, Le Havre's city center extends all around the marina. It constitutes an ideal real estate investment sector for annual rentals with all necessary transport and amenities in a pleasant and lively setting: it concentrates numerous shops and restaurants, the university, and the train station. Close to the coastline or the town hall, rental demand is at its maximum with a low vacancy rate, and opportunities are becoming increasingly rare.
The popular Anatole France Danton district
A lively and popular neighborhood in continuous evolution. Many buildings date back before 1944 and are of beautiful craftsmanship, the area having been little affected by bombings. With a good yield of 4.65% and strong rental demand, it is an area we recommend for making a rental investment.
The Saint-Vincent district close to the coastline
Particularly sought after for its quality of life, the Saint-Vincent district runs along the waterfront, remaining close to the city center and just steps away from the beaches of Normandy. Despite a higher average price than the rest of the city, we recommend investing in real estate in this area (transport network and many shops), which offers a net yield of 3.90%.
And we finish with a little quote! 😇
“ Housing the second largest port in France, Le Havre is an attractive city just 2 hours from Paris, benefiting from an ideal location by the sea and a historic district classified as a UNESCO World Heritage site. Le Havre offers interesting profitability due to lower real estate prices compared to most major cities, with strong rental demand, especially from students, and a low vacancy rate. The neighborhoods we propose have good potential, and we advise investors to rent the property furnished to maximize profitability. ”Alexandre Fitussi, co-founder of Beanstock.
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