Investment: Marseille is the new Berlin – Which neighborhoods are becoming interesting for property buyers now
For a long time, the port city was considered to be criminal, dirty and impoverished. But now it is developing into a place of longing for many Europeans. Which districts are in demand? Where is it worth buying real estate?
Marseille, France's second-largest city, is experiencing a surge in popularity, drawing in Parisians and international buyers alike with its multicultural charm, thriving cultural scene, and relatively affordable property prices. The city's transformation began in 2013 when it was named European Capital of Culture, and since then, areas like the Vieux Port and the Mucem museum have been renovated, attracting 1.4 million tourists annually.
Property prices have risen, with a 39% increase over the past decade and 10% in the last five years, but still lag behind Paris, with an average of €3,800 per square meter. The city's diverse neighborhoods, such as Endoume, Bompard, and Roucas-Blanc, offer varying lifestyles, from trendy bistros to luxurious villas, and appeal to a range of buyers, including young professionals and footballers from Olympique de Marseille.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
