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Fontenay Sous Bois

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Real estate insights for Fontenay Sous Bois

AspectSummary
Populationaround 30,000 residents
Average Property Price€3,500/m²
Rental Yield4.5% - 5.5%
Average Rent€1,200/month for a 2-bedroom
Occupancy Rateapproximately 95%
Capital Growth Rate2% - 3% annually
Property Taxaround €1,200/year for typical property
Transaction Costs7% - 8% of property price
Expected ROIaround 6% with capital growth
Economic Growth ImpactStable due to proximity to Paris

Fontenay Sous Bois FAQ

  • What are the average property prices in Fontenay Sous Bois?

    In Fontenay-Sous-Bois, average property prices for residential real estate can vary considerably based on location and property type. As of late 2023, the average price per square meter for apartments is around €4,100, while houses typically range from €5,000 to €6,000 per square meter. For example, a two-bedroom apartment might be priced between €250,000 and €350,000, depending on the area and condition. In contrast, a three-bedroom house can fetch upwards of €600,000, particularly in the more desirable neighborhoods. The market has seen fluctuations, with prices increasing steadily over the past few years due to ongoing demand from commuters to Paris. Additionally, newer developments and renovations in the area can push prices higher, while older properties may be available at slightly lower rates.

  • How have real estate prices changed in Fontenay Sous Bois over the past few years?

    In recent years, real estate prices in Fontenay-Sous-Bois have witnessed notable changes. According to data from 2021, the average price per square meter for residential properties was around €3,300, reflecting a steady increase compared to previous years. By 2023, this figure rose to approximately €3,700 per square meter, indicating a growth of nearly 12%. Specifically, one-bedroom apartments saw an increase from €2,500 to €2,800 per square meter, while larger three-bedroom units escalated from €3,600 to €4,200. The rise in demand for housing, partly fueled by the area’s improving transport links and proximity to Paris, has led to increased competition among buyers. Additionally, new developments in the area have further contributed to this upward trend, as more affluent buyers seek homes in this suburban enclave.

  • What factors influence property prices in Fontenay Sous Bois?

    Property prices in Fontenay-sous-Bois are influenced by several key factors, including location, public transport accessibility, and the overall economic environment. For instance, homes near the Val de Fontenay station generally command higher prices due to their proximity to the RER and Metro lines, facilitating easy access to Paris. As of 2023, average property prices in the area hover around €3,200 per square meter, with variations depending on the neighborhood; for example, the residential area of La Butte Rouge may see prices up to €3,800 per square meter, compared to €2,800 in less central areas. Additionally, the demand for family homes with gardens has increased, particularly in regions with good schools, which can drive up prices by approximately 10-15%. The local economic conditions, such as employment rates and regional development projects, also play a significant role; recent investments in infrastructure have made certain areas more desirable, further impacting property valuations.

  • Are real estate prices in Fontenay Sous Bois higher than in nearby areas?

    Real estate prices in Fontenay-sous-Bois tend to be higher compared to some nearby areas. As of late 2023, the average price per square meter for properties in Fontenay-sous-Bois is approximately €4,500, while in neighboring towns like Villiers-sur-Marne, the price averages around €3,800 per square meter. In comparison, the nearby suburb of Nogent-sur-Marne shows even higher prices, often reaching €5,200 per square meter. Other aspects of the real estate market reveal that two-bedroom apartments in Fontenay-sous-Bois are frequently listed at around €320,000, whereas similar properties in neighboring areas may sell for significantly less, often around €290,000 in Villiers-sur-Marne. Additionally, the rental market reflects this trend, with average monthly rents in Fontenay-sous-Bois hovering around €1,200, compared to €1,000 in Villiers-sur-Marne. Such variations indicate a pronounced difference in market values within the vicinity.

  • What types of properties are most common in Fontenay Sous Bois and what are their price ranges?

    In Fontenay-sous-Bois, the property market is characterized by a mix of residential units, predominantly apartments and single-family homes. Apartments make up a significant portion of the housing stock, with prices averaging between €2,500 and €4,500 per square meter, depending on the location and amenities. For instance, a two-bedroom apartment in a well-located area can range from €250,000 to €400,000. Single-family homes are less common but can be found, typically priced from €400,000 to €800,000, depending on the size and proximity to public transport. The town also features some newer developments, where prices for contemporary apartments may reach upwards of €5,000 per square meter. Houses with gardens, especially those near parks, can command higher prices, often reflecting the growing demand for family-oriented living spaces in the region.

  • How do local amenities affect property prices in Fontenay Sous Bois?

    Local amenities in Fontenay-sous-Bois play a significant role in shaping property prices. For instance, properties located within a 10-minute walk from the RER line A station can see price premiums of approximately 15-20%, as this provides easy access to central Paris, which is a major draw for commuters. The presence of high-quality schools, such as the Lycée Galois, also influences prices, with homes in proximity selling for around 10% more due to their appeal to families. Additionally, access to parks like Parc des Beaumonts can elevate prices; properties within a quarter-mile often command an increase of 5-10%. Local shops and restaurants contribute as well; neighborhoods with vibrant commercial areas tend to have property values 8-12% higher than those in more isolated parts of town. These statistics illustrate how amenities directly correlate with real estate market trends in Fontenay-sous-Bois.

  • What are the typical costs associated with buying property in Fontenay Sous Bois?

    When purchasing property in Fontenay-sous-Bois, buyers should anticipate several costs beyond the property price itself. Notary fees typically range from 7% to 8% of the property's purchase price, so for a property valued at €300,000, this would amount to approximately €21,000 to €24,000. Additionally, buyers may encounter estate agent fees, which usually range from 3% to 5% of the sale price, adding another €9,000 to €15,000 for the same property. If you’re considering a mortgage, be aware of bank fees, which can be around 1% of the loan amount, plus possible arrangement fees of €1,000 to €2,000. Also, property taxes—which include the taxe foncière and taxe d’habitation—should be factored in, with the former averaging around €1,800 per year for a medium-sized property. Home insurance is another expense to budget for, typically costing between €300 and €600 annually depending on property size and location. Overall, prospective buyers should prepare for these expenses alongside the property's asking price.