these districts of Caen in which to invest
A student town located less than an hour from the beaches of Calvados, Caen continues to attract investors. Profitability exceeds 5% on average, despite recent price increases.
Like all medium-sized towns, Caen is experiencing an influx of investors and a shortage of properties. Prices go up. Those of old apartments would have jumped by nearly 30% in 5 years, including 12% in the current year alone.
Rental demand is also accumulating with the health crisis. “While remaining selective, tenants had to review their level of requirements”, we explain at Century 21 Saint Julien Immobilier.
In the city center, no rental vacancy
“Small surfaces offer an average return of 5%, with an almost non-existent risk of vacancy”, welcomes Aymeric Cours-Mach, notary in Caen. Prices soar in the streets adjoining Place Saint-Sauveur, in the heart of the historic center.
In video: presentation of Loc’Avantages, the new version of the Cosse device
Rue Saint-Sauveur, 21 m away2 sold for €90,000. Not far from there, in a half-timbered building on rue Froide, a studio in need of updating went for €81,000. These units will rent for around €450 per month. In this…