To grow your savings, buying rental housing can be very lucrative. However, this requires a lot of investment, time and administrative procedures. However, investing in a parking space is synonymous with simplicity of management and an advantageous risk-return ratio. The yields are even higher than those of a classic rental property: from 4 to 12% per year.
The rental of a car park, if it is independent of a dwelling, is not subject to the law of July 6, 1989. In other words, the clauses of the contract are freely drafted between the owner and the tenant. Similarly, the amount of rent is freely set since it is not subject to regulatory mechanisms. Finally, a contract can be terminated from the first non-payment.
According to our colleagues from Le Figaro, the profitability of a parking space can go up to 12%. For this, it is necessary, for example, to invest in independent garages or garage batteries, since they are devoid of co-ownership charges and are popular with tenants.
Faced with the tightening of parking policies, investing in a car park is increasingly profitable in several large cities in France. However, as in traditional real estate, the return on a rental depends greatly on its location. Prices can vary greatly from neighborhood to neighborhood. The most popular places are, unsurprisingly, in city centers.
Discover the 2023 list of the 10 cities where it is the most profitable to rent a car park, according to Le Figaro.
