As everywhere in France, 2008 was the start of a long ordeal for investors.
For the past two years, the Brest market has been experiencing a renaissance in its real estate market. It’s time to invest, and not just in stone. Explanations.
Summary
Investing in a territory driven by young people
Stop the bigoudène clichés: 50% of Finisterians are under 40 years old. Another figure revealing a workforce in the making: one inhabitant of Finistère in four is not yet 20 years old. Finally, the density of the departmental population is higher than the national average with 133 inhabitants/km² (against 115 inhabitants/km²). Brest being the attractive city, young Bretons who do not have the means to become owners or who do not immediately plan to buy real estate offer a competitive rental investment guarantee.
When the old sells well, new real estate follows the trend
Brittany’s second largest city in terms of population experienced a significant increase in its volume of property sales last year. In the second quarter of 2017, old houses were very popular compared to the previous year: more 35.5% around the harbour. Itou with regard to old apartments since sales jumped 33% between 2016 and 2017 according to figures provided by the Regional Council of Notaries. The latter announces a good sales outlook for the first half of 2018.
In which neighborhoods to invest for real estate
With an average price per square meter of 1700 euros, Brest does not lack opportunities to guarantee successful operations. Among individuals with a small capital for a rental, the Bellevue district resonates because it has the advantage of being calm and fairly young. Les Quatre Moulins, a student district par excellence, always finds a conquered public.
Unsurprisingly, the city center – due to its dynamism and its proximity to the marina – attracts investors. Its profusion of restaurants and bars made it the rallying point for debauched workers. Rental investment in the city center of Brest comes down to apartments, concentrating only 3% of houses.
Read also: Top 3 of the best neighborhoods in Brest – Where to invest?
Brest is counting on a shared economic development strategy
At the time of the collaborative economy and shared spaces, the City has been able to revive 16 hectares of a neglected neighborhood in the fall of 2016. The new Capucins district is a handful of minutes from the center and the SNCF and bus station thanks to a cable car. Investing on the right bank of Brest, in the heart of former French Navy workshops dating from the eighteenth century, means being rooted in the present. Bruno Fortier has divided this new residential and business district into three terraces, which makes it possible to rent one of the 560 apartments to a doctoral student or researcher from the Cité Internationale, present among 25,000 m² of offices. This international population in search of temporary housing coexists with various shops and services around an esplanade spread over 8,000 m², linked by two footbridges to the Workshops.
Economic investment: three incubators for substantial help
Invest in Finistère, the economic development agency for the tip of Brittany, was created in 2001 around the CCI and major banking groups with which leading companies from the Brest metropolitan area joined forces. Come with your project and Invest in Finistère will accompany you through the various stages of development.
Three incubators are thus attached to a reference school or installed in the middle of a scientific site so that one of the three incubators allows you to invest at best in order to develop your business.
Read also: 2017-2018, assessment of a strong economy in Brest
