Greater Paris real estate: a surprise list of 20 cities where it’s good to live … and invest

This is not quite another list of cities where you can invest in real estate in Greater Paris. And this is not the Île-de-France version of the ranking of cities and villages in France where life is good. The observatory just opened by the Fnaim (National Federation of Real Estate Agents) of Greater Paris in terms of the attractiveness of real estate in nearly 300 cities of Greater Paris* is unprecedented.

However, the tool traditionally crosses the data on real estate prices. But, a new fact, he passes each city through a sieve of 11 additional criteria based on data to measure its attractiveness. These data are objective and of poor quality, the authors of the observatory point out, and they are issued by official sources (Insee, ministries, city statistics, etc.).

“The aim of this new observatory,” commented Olivier Princival, Deputy President of Fnaim du Grand Paris, “is to provide a tool based on the rating criteria of each municipality of Greater Paris to determine, in line with the expectations of future buyers or renters, where it is good to live and where it is easier to buy and settle there. »

From the point of view of methodology, 12 criteria are used: the price of housing, its quality (central heating coefficient, age and area of ​​housing, etc.), safety (physical violence, damage to property, crime …), health (number of general practitioners per 100 inhabitants, number of hospital beds per km², etc.), education (nurseries, colleges, high schools, etc.), public transport (metro, RER, bus, travel time home/work), and etc., environment (area of ​​green spaces per inhabitant, changes in car use, etc.), trade (number of shops every 100 m, etc.), employment (unemployment rate, etc.). ), culture (museums, theaters, stadiums, gyms, etc.), income and finally local taxation (housing and property taxes).

Multi-criteria interactive map

Each criterion is assigned a score from 1 to 10, and then the coefficient is weighted. It should be noted that in order to set the price of real estate, the observatory proceeds from the average price of housing in each municipality. This is determined by multiplying the price per m² by the average living area in each of the townships. “This avoids the error associated with presenting a price per m² that does not reflect the average purchase or the average cost of goods in the city,” notes the Observatory.

With regard to the selected cities and Paris, each district is considered an independent city. In addition, for the entire ranking, the price factor was separated from the criteria in order to understand its influence and relationship with the attractiveness of the municipality. And thanks to the interactive map, already available online, you can search for a municipality with or without housing prices, based on attractiveness or a combination of three of twelve criteria. The map also shows the real estate agencies that are members of La Fnaim du Grand Paris (www.fnaim-grand-paris.fr) and the public transport lines (metro and RER).

Villages of character in 91 and 78

The original design of the indicator shuffles the maps of Greater Paris cities, traditionally leading in this type of rating in terms of real estate attractiveness. In the Observatory’s Top 20, which ranks cities with and without housing prices, rather small towns, often characteristic villages located in the second ring, benefit the most. .

Thus, Milly-la-Forêt in Essonne, in the regional natural park of Gatinet, receives the Palme d’Or with the best result of 297 cities in the real estate price ranking. It is still in third place, if we exclude the price criterion. Similarly, Boigneville, another characteristic village in Essonne, comes in third, and in Yvelines, the charming village of Montfort-l’Amaury comes in 5th.e place in this Top 20. Note that in the category of largest cities, Versailles has a good result, 5th out of 20, in the ranking without prices, and is still in the Top 20, but in 17th place when price criteria are taken into account.

Parisian arrondissement, such as the 6th, 8th, 5th, 9th, 2nd, 3rd and 4th, are very well represented, if you do not take into account the criterion of housing prices. It should be noted that they are also often fined on the basis of the “safety” criterion due to the number of complaints in places of intensive tourist visits (museums, etc.).

* Study of 297 cities of Île-de-France, with the exception of the Seine and Marne (77). Average apartment price data (Fnaim and Insee end April 2022).