Rental investment Annecy: investing in Annecy means investing in the future!

Immerse yourself in a sumptuous universe by discovering this picturesque city called Annecy! Located in the heart of the French Alps, this city is the perfect combination of charm and dynamism, qualifying it as a destination of choice to succeed in the field of real estate. A true gem of real estate, Annecy is full of opportunities making it a fertile land to make a real estate investment profitable. When we talk about rental investment in Annecy, it is impossible not to be seduced by the charm and unique appeal of this city.

Whether you are a seasoned investor or you are launching yourself into this field for the first time, the city of Annecy will be your ally. Before investing in real estate, it is advisable to know all the facets of the place to invest, in particular its market, the opportunities it offers as well as its other advantages.

Full of history and modernity, Annecy attracts a large number of inhabitants, wishing to live in a prestigious setting. The Venice of the Alps , with its majestic lake and historic districts, is today one of the most attractive cities in France in 2024. With a growing demand for housing, it offers an unparalleled living environment.

To make your rental investment project in Annecy profitable, this guide will list the investment possibilities of the place, ranging from luxury apartments to new residences, without forgetting studios for students. We will also highlight tax measures such as the Pinel law and the LMNP status , all beneficial for investors.

Annecy, one of the best destinations to invest in France!

Annecy, this pearl of the French Alps, offers investors an idyllic setting for a profitable rental investment . Rich in history, this city with an exceptional living environment, has many assets for savvy investors and new investors.

Investing in Annecy is a wise decision, because of all the cities in France, Annecy is one of those that has experienced one of the highest increases in real estate prices. Its growing demand combined with its picturesque location on the shores of Lake Annecy, makes it a prime destination for investors. But the scarcity of available real estate in this region also contributes to this increase. Indeed, the rental supply is not able to satisfy the rental demand. 

Annecy is also a popular tourist destination for both national and international tourists. Nestled between the eponymous lake and the majestic Alpine mountains, it attracts visitors from all over the world. It welcomes nearly 2.5 million tourists each year, in winter to enjoy its ski resorts and in summer to benefit from the attractions of the lake. This tourist influx creates a constant demand for housing. This offers investors a flourishing rental market.

In addition to its popularity as a tourist destination, Annecy is also known for its student atmosphere. Indeed, the presence of many higher education establishments increases the demand for student housing. It welcomes nearly 75,000 students each year. This guarantees stable occupancy of real estate, thus promoting a profitable rental investment in Annecy.

Apart from these advantages, investing in Annecy is also a good decision because the city is well-connected. It is connected to other regions thanks to its efficient transport networks, including motorways, train stations and airports. There are about twenty bus lines throughout the city. These night buses run until 1am every night of the week. This facilitates the mobility of residents and visitors, thus increasing the demand for housing. Indeed, as an investor, you can easily take advantage of this connectivity to attract tenants and obtain a stable return on investment. 

In terms of population, Annecy is the most densely populated municipality in Haute-Savoie. It has a population of nearly 128,199 . The department has experienced remarkable demographic growth over the last decade, registering the arrival of 100,000 new inhabitants. This progression propelled it from 716,277 inhabitants in 2008 to 816,699 inhabitants in 2018. This expansion means that the real estate market remains a solid long-term investment, thanks to robust demand. In addition, the proximity of Geneva, located less than 30 minutes from Annecy, plays a major role in this attractiveness. Geneva's high salaries attract thousands of cross-border workers who choose to reside in the Annecy region. This combination of elements contributes to the dynamism of the real estate market, making it a choice investment despite relatively high prices.

Investing in Annecy: use tax measures to optimize your taxes!

If you invest in Annecy, you will be entitled to several attractive tax measures, notably the Pinel law and the LMNP status (Non-Professional Furnished Rental).

In general, the Pinel law , whether in Annecy or in other cities of France , is associated with new apartments only. But in some cases, the Pinel law can also apply to old apartments, regardless of their number of rooms.

To be eligible for the Pinel law in Annecy, the apartment you have purchased must be qualified as uninhabitable. This apartment must not meet the decency criteria as well as the energy performance criteria. Thus, you will be obliged to carry out renovation work to bring it up to standard. It is only after the renovation that you will be able to put this apartment up for rent.

As for the LMNP in Annecy, you can benefit from the advantages of this system if you plan to rent the furnished property, whether it is an apartment or a house. This alternative is also very advantageous because the rental yield of a furnished accommodation has a rate 30% higher than that of an unfurnished rental accommodation. However, this system is not available to everyone. You must also be an individual (with an income of less than 23,000 euros per year) to obtain LMNP status. As a reminder, Annecy, as a popular tourist destination, offers many opportunities for LMNP investors. 

The best areas to invest in Annecy

Before investing in Annecy, the choice of the district is of crucial importance. Fortunately, this city is full of attractive districts, with their own specificities and guaranteeing the profitability of your rental property investment project. If you want to benefit from an optimal rental yield through a strong rental demand, the following districts are to be favored:

• Old Annecy: located on the banks of the canals, this district is a real estate gem. Its cobbled streets, colorful facades and medieval atmosphere attract many tourists and tenants. Investors can benefit from the tourist demand and the possibility of seasonal rentals.
• Downtown: With its picturesque cobblestone streets lined with flowers, this neighborhood offers a mix of modernity and authenticity. Offering better convenience and located near shops, universities, restaurants and schools, the old housing located in this neighborhood attracts an unlimited number of tenants. This stability that it offers reinforces its attractiveness to investors looking for solid returns.
• The Golden Triangle: located between Lake Annecy , the Vassé Canal and the Thiou, this district is renowned for its historic properties and its privileged location. Investors find high-quality old real estate here. These properties often offer a view of the lake.
• The Marquisats district: this district is appreciated for its tranquility and its proximity to Lake Annecy. In this district, we find mainly old programs with gardens. These old programs offer a peaceful living environment.
• Residential areas such as Parmelan or Albigny offer a quality living environment, with green spaces and quality facilities nearby. These areas particularly attract families looking for spacious, two-story accommodation with a garden, balcony or terrace, etc. With attractive rents, they benefit from strong rental demand throughout the year.

Investing in Annecy: choose properties near the lake or properties with a view of the lake!

When investing in Annecy, we advise you to choose real estate located in villages near Lake Annecy or offering a breathtaking view of it. These properties are among the most profitable in Annecy, because they attract tenants looking for an exceptional living environment. Indeed, Lake Annecy is one of the main attractions of the city. It offers leisure activities, breathtaking landscapes and an incomparable quality of life. As a result, old homes located in this area are in high demand. These properties offer high profitability potential, whether they will serve as a main residence, a second home or a seasonal rental.

It should be noted that investing in old programs with a view of Lake Annecy can also present advantages in terms of valuation. The rarity of these properties and their aesthetic appeal contribute to keeping prices stable or even increasing.

When it comes to rent, older developments are more affordable than new developments. Rent prices in Annecy can vary significantly depending on several factors, including the size of the property, location, condition of the property, and market demand. In general, Annecy is known for having a relatively expensive rental property market due to its popularity as a tourist destination and high quality of life. Here is a rough estimate of rent prices in Annecy:

• Studios and small apartments: the monthly rent price varies from 500 to 900 euros.
• 2-room apartments: The monthly rent for a 2-room apartment generally starts at around 700 to 1,200 euros per month.

• Apartments with 3 rooms and more: the monthly rent price for a larger apartment (3 rooms and more) is higher. The tenant can pay 1,500 euros or more.
• Individual houses: the rental price can start from 1,500 euros.

Investing in Annecy: what budget for an optimal investment?

Ready to invest in Annecy? The budget is a very important point. In Annecy, the average price per square meter reached 4,592 euros. Among other cities with more than 100,000 inhabitants, the price is higher in Annecy. This price is explained by the demand for housing that continues to increase every year. Annecy is very popular. It has become a short or long stay destination for many people.

For a rental investment in old Annecy, the historic heart of the city, prices can be even higher due to its charm and high demand. It is advisable to plan a significant budget, especially if you are considering renovations to improve the value of the property.

What you need to remember

Rental property investment whether in Annecy or in other cities is one of the best investments to focus on . Annecy, a city nestled in the heart of the French Alps, offers an exceptional real estate investment opportunity. With average prices per square meter reaching 4,592 euros, it is among the most popular destinations for investors. Indeed, it benefits from a picturesque location on the shores of Lake Annecy. It attracts tourists and students creating a constant demand for housing. The city's connectivity also reinforces its value as an investment destination. However, to ensure the profitability of your rental investment in Annecy, you must choose the right neighborhood. Also, favor properties near the lake or with a view of the lake for optimal profitability. So, if you are looking for real estate investment programs, think about Annecy. This city has a lot to offer you!