It is the link between the Center region and Ile-de-France. Etampes, at the crossroads of the national 20 and the departmental 191, combines the best of the city and the countryside. Sub-prefecture of Essonne, the town and its multiple shops and infrastructures (shopping center, theater, sports facilities) is stamped “City of art and history”. Twenty-six listed monuments are scattered throughout its streets. The city also meets the current expectations of Ile-de-France residents who wish to go green, thanks to its proximity to the regional forest of Vauroux (less than 2 kilometers away), and to its very low real estate prices.
According to data from Meilleuragents, the average price of houses in Etampes is 2,152 euros per square meter. Properties particularly prized by buyers and whose prices are rising very quickly: “The rise in prices in the city is mainly reflected in the townhouses in the center of the municipality. Goods priced at 250,000 euros recorded increases of 5% to 15% in just one year “, says Hadrien Klinge, manager of the 3.5.7 Immo agency.
Because if the pandemic participates in the development of the market, Etampes has long been in the sights of buyers, as confirmed by the data of the notaries of Paris-Ile-de-France.
Home prices in the city have increased 17.2% in five years. “Urban customers have already started their exodus to our suburbs for a long time and the fact that Etampes is only thirty-five minutes from Paris by TER contributes to its attractiveness”, notes William Depin, head of the Orpi Gil Etampes agency. Without forgetting the RER C which allows, in about fifty minutes, to arrive at the Austerlitz station.
The apartments, just as affordable (2,447 euros per square meter), are less attractive to buyers. The increase noted by notaries in five years on these properties is only 4%. However, they appeal to a public of investors looking for significant rental profitability. “The apartments having benefited little from the rise in prices, they remain attractive for investors and are a safe investment, because having an RER and TER station means that there is always a strong rental demand”, William Depin analysis.
A rental permit since 2019
As Meilleuragents assures, the average return for a T2 rented 13.60 euros per square meter is 6.9%. “It can even climb to 9%, according to Hadrien Klinge. The best is to invest on areas of 50 to 70 square meters. Large T2 or T3 which will appeal to single retired people, who are leaving their main residence for personal reasons, or young couples with children ”, he specifies.
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