Real estate investment in Gennevilliers

Real estate investment: why choose Gennevilliers?

The city has many assets for real estate investment . The diversified means of transport, the many educational establishments, the future arrival of metro line 15 (Grand Paris Express), the job market and the commercial infrastructures will make this town a privileged location.

Location

Gennevilliers is located in Île-de-France and is part of the Hauts-de-Seine department. This city is located in a loop of the Seine. It is 3.8 km north of Paris not far from Porte de Clichy (about 8 minutes by train). Gennevilliers is home to the largest river port in Île-de-France. This town has nearly 47,000 inhabitants. It is among the 15 most populated cities in the Hauts-de-Seine department, the first being Boulogne-Billancourt and Nanterre .

Means of transport in Gennevilliers

In terms of transportation, the city is full of many stations and different modes of transportation. It is connected to Paris and other municipalities in the Hauts-de-Seine department by public transportation. The north of the municipality is served by the A86 motorway. This provides access to the municipalities of the inner suburbs, such as Nanterre, Créteil, Saint-Denis and Bobigny. The city also has 4 stations on metro line 13. The latter offers direct access to Saint-Lazare, Montparnasse and two stations linked to the RER (Regional Express Network) C. It also connects to two RER lines, including line A and line C. 

Gennevilliers is one of the 5 winning cities of the Grand Paris Express project. The arrival of new stations will only increase its attractiveness. After a few years, reaching certain cities from this municipality or vice versa will become faster. For example, 10 minutes will be enough to reach the economic hub of La Défense from Grésillons station. Similarly, Nanterre will only be 12 minutes away from Agnettes station.

The Gennevilliers area also benefits from more than fifteen lines of the RATP (Régie autonome des transports parisiens) network connecting with the RER C line and the metro line. 

There are of course several options for getting to other cities from Gennevilliers. For example, to get to Gare de Marne-la-Vallée Chessy, you can choose the bus, taxi, car, train, tram or express transport. To get to Paris, travelers have the choice between public transport (RER, metro, tram, bus), taxi, car, bike or Batobus. They can also compare the journey between several lines if they prefer public transport. Finally, to get to Asnières-sur-Seine, two options are possible, namely the taxi or the bus line 178.

What about universities, schools and public services?

If you want to invest in Gennevilliers for families, you should know that the town is home to many schools. You will find a dozen nursery schools, a few elementary schools, 3 middle schools and a comprehensive high school.

In terms of higher education, the city is home to the Institut national supérieur du Professorat or INSPE, which trains high school, middle school and school teachers. It is also home to many university training centers linked to the University of Cergy-Pontoise. The city also offers several professional training courses in the IT and engineering sectors.

To attract sports enthusiasts, the city also provides a riding school, a municipal sports school, 11 gymnasiums, 1 dojo and tennis courts. On the cultural side, residents benefit from a network of media libraries, a theater, a cinema, a conservatory and a concert hall. In addition, its 64 hectares of green spaces promise an attractive quality of life.

The employment area in Gennevilliers

Being close to Paris , the town of Gennevilliers benefits from a beautiful infrastructure. In addition, it has become an important industrial center of the Île-de-France. The port of Gennevilliers is also a significant source of job creation. It ensures, among other things, the transit of metallurgical products, waste, petroleum products, machines, foodstuffs, agricultural products, solid fuels, minerals, construction materials and vehicles from the Renault company. 

In addition, the city has seen the establishment of the headquarters of Prisma Media, Europe Assistance and BazarChic. Not to mention that it constitutes a crucial place for aeronautical subcontracting with companies such as SECAN and Safran-Snecma.

Gennevilliers is also a quality choice for young mobile workers looking for rental apartments. Indeed, this city borders several municipalities, such as Epinay-sur-Seine, Villeneuve-la-Garenne, Asnières-sur-Seine, Saint-Ouen, l'Île-Saint-Denis, Colombes and Argenteuil. This makes it an ideal location for accessing major economic activity centers. Asnières, for example, is very famous for its rich and diversified economic fabric. It is a dynamic municipality perfect for the future entrepreneur. In addition, l'Île-Saint-Denis offers many job opportunities with the various companies established there.

Shops are not left out. You will find a shopping center, many food hypermarkets and specialized distribution brands. Similarly, a large number of local shops are accessible on the ground floor of the buildings.

Investing in Gennevilliers: good deals

The city of Gennevilliers has undertaken several urban development projects to promote the creation of new housing while supporting the renewal of existing housing.

Good reasons to invest in old properties

Of course, the Pinel law provides tax benefits through new real estate programs. However, investing in old properties remains a safe bet that is much more recommended by real estate experts. Indeed, depending on the type of property, renovations and your income, you will benefit from numerous tax advantages. 

Since the choice of location is crucial when it comes to rental investment, old properties remain very interesting. Unlike new constructions, these are generally located close to all amenities. You will find many services, technology centers, shops, a large number of train stations and businesses. Old properties therefore have a high rental demand. Since the location is highly sought after, rental vacancies are minimal. 

The last advantage of an old house or apartment to renovate is that it is affordable in terms of price. In fact, old housing costs on average 20 to 30% less than new real estate. 

What is the price of real estate in Gennevilliers?

For a rental investment in Gennevilliers, you have a wide choice of accommodation according to your needs. Are you looking for apartments (1, 2, 3, 4 or 5 rooms), houses, a studio or office premises? There is no shortage of offers on real estate ads. You will be able to target different tenant profiles. The apartment or building is, among other things, ideal for families or for shared accommodation. To do this, it is important to clearly define the ideal number of rooms. A two-room apartment has an average rental yield of 4.76%. Be careful, however, the accommodation must be located near a school or college. In addition, you must invest in studios if you want to target students. In any case, the proximity of the property to shops remains a wise criterion.

In most listings, the price of a house is between 3,121 euros and 7,817 euros per square meter. That is an average of 4,811 euros. For an apartment, you have to count on an average of 4,466 euros. The maximum price is 6,247 euros and the minimum price is 2,923 euros. This price will increase further with the future arrival of two new stations on line 15 of the Grand Paris Express project. Which will further increase the added value of the property during a possible resale.

To rent out your property, you can offer a rent between 15.60 and 24 euros per square meter depending on the property. The final price depends on the type of property (houses, apartments, offices, etc.), the number of rooms and also the condition of the property. The average is 20.20 euros per square meter. Which is interesting compared to that of Neuilly-sur-Marne (16.6 € for an apartment and 18.6 € for a house).

Among the best neighborhoods to invest in Gennevilliers, we can mention the Agnettes district , the Gare des Grésillons district and the Chandon-République district . These neighborhoods offer a pleasant living environment to different tenant profiles. They promise a satisfactory rental yield.

Do not hesitate to get help from our team of real estate hunters to make your rental project a success. This is the only way to put all the odds on your side. This professional can, in fact, help you in the search for the investment offering the best return. Of course, the choice will depend on your objectives and your financial situation. From these parameters, he can advise the neighborhood to favor and the appropriate property (house, building, studio, offices or business residence). He can access all the ads available on site. In addition, this specialist has a good command of the market in the real estate sector. He is aware of the supply and demand for apartments, houses, offices, business residences, studios, etc.

To conclude, investing in Gennevilliers means staying close to Paris without spending a large fortune. Especially since the town benefits from good transport links with Paris, you will enjoy all the advantages of the capital of France. With the diversity of housing, you will certainly find the property that adequately meets your expectations.

• Mickael Zonta
• Rental Investment Director

A graduate of a major business school, and after a first successful experience in finance, Mickael Zonta began his career in real estate in 2011 in Paris before extending his activity to the Paris region and the city of Lyon. The fact that he is also a real estate investor in a personal capacity allows him to understand clients' issues in terms of investment objectives, rental yield and choice of tax regimes.