Investing in Lille, in the Fives district

What are the advantages of Lille-Fives?

Fives is located in the east of the capital of Flanders. Formerly an industrial area of Lille , it is currently one of the most popular districts of the city.

A constantly evolving neighborhood

From the 1980s (end of the industrial period), the Fives district asserted its desire to become a residential district. In addition, given that its population was constantly increasing, it had to meet their growing needs in terms of housing. This sector was therefore the subject of numerous urban planning projects. These included, among other things, the development of transport, the rehabilitation of old factory premises to build shopping centres and the implementation of numerous new real estate programmes.

The various development projects aim in particular to increase the number of housing units and green spaces. Thus, this district has become more and more dynamic. Today, it looks like a little corner of paradise in the heart of the city of Lille. This is why it attracts many tenants who prefer calm.

The neighborhood currently has nearly 21,260 residents and the median age of its population is 29 years old.

Various transport systems

The transport network is one of the main strengths of the Fives district. First of all, this district is served by:

• The D146 departmental road and the A1 motorway to the south,
• The N356 (in the extension of the A1) to the west,
• The D941 departmental road to the north (connecting the district to Lille-Flandres station),
• The D48 departmental road to the east. 

​​​​​​This area also benefits from numerous public transport options, including:

• Two metro lines: line 1 and line 2,
• Two tram lines: line R and line T,
• Two bus lines: line 13 and line 52. 

Mobility being one of the most important details in choosing the location to invest, the Fives district has something to satisfy your tenants. Residents will be able to easily reach nearby cities or other districts such as Vauban Esquermes or Vieux-Lille . 

What is the best plan for investing in Lille-Fives?

When it comes to investing in rental properties , the Fives district is currently one of the most profitable in the city of Lille. Here is the information and details you need to successfully complete your real estate project .

Real estate profile

The total number of dwellings in the Fives district is approximately 10,853.

Here are the details of the distribution of housing according to the number of rooms:

• One-room apartments: 14.8%,
• Two-room apartments: 23.9%,
• Three-room apartments: 23.9%,
• Four-room apartments: 16.4%,
• Five-room apartments and more: 21.0%. 

The proportion of residents who own their main residence in Lille-Fives is only 31.1%. In addition, the percentage of households who rent their accommodation is 68.1%. Rental demand is therefore high in this district.

Real estate prices

The rate charged in the Fives district is much lower than the average for the city of Lille. Investing in this sector is a great opportunity for all investors on a small budget. Indeed, the average cost per square meter for all types of property combined is approximately 2,869 euros. This rate is much lower than that of other districts such as Vieux-Lille, Vauban Esquermes or Lille-Centre.

Here are the details of prices per square meter according to the type of property:

• House: 1,724 to 3,604 euros, or an average price of 2,593 euros,
• Apartment: 2,019 to 4,250 euros, or an average price of 3,042 euros. 

​​​​​​​As for the monthly rent, it is on average 14€/m2 for an apartment. As for the house, it is rented at an average rate of 10.9 euros per square meter.

Profile of tenants to target for investing in Lille-Fives

The districts of Vieux-Lille, Vauban Esquermes or the hypercentre are a wise choice for a secure heritage investment . The Lille-Fives sector (as well as Wazemmes, Moulins and Bois-Blanc), for its part, is ideal if you are looking for a high rental yield .

Thanks to the beauty of its houses with gardens, this district particularly appeals to families looking for a pleasant living environment. Families and young professionals are, therefore, your number one target for your rental investment . Thus, you should favor housing close to amenities, such as shops, educational establishments, schools and public transport (bus, metro, tram).

Moreover, since the city of Lille is a university center, students can also be part of your potential tenants. In this case, the studio and the two-room apartment are, among others, a good option.

Should you use the services of a real estate expert?

As part of a rental project, the best way to succeed is to collaborate with a company that is an expert in real estate investment . Indeed, this type of investment requires real expertise. The professional takes care of all the tasks and all the details when purchasing the house or apartment. His excellent knowledge of the real estate market and his relevant advice are the guarantee of the success of your project. Taking into account your needs and your budget, he can guide you towards the most appropriate offer. Indeed, he will be able to find for you the property likely to bring you a better return. He will even be able to assist you in the rental management of your property, which will protect you from any risk of rental vacancy . If you would like to be supported in all stages of your project, from the search for the property to its rental, do not hesitate to contact us.

• 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.