Buying to Rent Furnished in Paris: Guide
Yes: furnished lets yield 3 to 5% gross in 2026, 15 to 30% above unfurnished. A 40 sqm flat in the 11th fetches 1,350 to 1,500 euros against 1,100.
Strategies and advice for investing in Parisian real estate. Rental yields, tax incentives and neighbourhood selection in 2026
Investing in Paris property remains a safe haven in 2026. Rental yield, tax incentives, neighbourhood selection, property type, SCI or personal ownership: our articles analyse every dimension of Parisian property investment. Our hunters, who work with first-time buyers and experienced investors alike, share concrete strategies to optimise your portfolio in a market where opportunities exist for those who know how to identify them.
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Yes: furnished lets yield 3 to 5% gross in 2026, 15 to 30% above unfurnished. A 40 sqm flat in the 11th fetches 1,350 to 1,500 euros against 1,100.
Two property tax credits remain in France in 2026: home adaptation for disability (25% of costs, 5,000 euros single) and EV charge points (300 euros).
Splitting an 80 sqm flat into two lifts the gross yield from 3.3% to 4%, about 4,800 euros a year. Each unit needs 9 sqm minimum and co-ownership consent.
Only works started before 31 December 2025 keep the doubled €21,400 ceiling; projects launched in 2026 fall back to the standard €10,700 a year.
In 2026, a second home in Paris carries a 60% housing tax surcharge, property tax with no deduction and IFI at full value, without the 30% reduction.
In Paris in 2026, rent is capped at the increased reference rent (reference + 20%). OLAP median: 28 euros/sqm unfurnished, 33 euros/sqm furnished.
IFI starts at 1,300,000 euros of net property wealth on 1 January, but the scale runs from 800,000: a 2 million portfolio pays 7,400 euros, or 0.37%.
A Paris cellar sells for 1,500 to 4,000 euros/sqm in 2026, with the 11th, 12th, 18th and 19th delivering the best yields, at 8 to 10% gross.
A Paris parking space costs 15,000 euros in the 19th to over 40,000 in the 8th, rents for 100 to 250 euros a month and yields 5 to 8% gross in 2026.
In Asnières-sur-Seine a sqm costs 6,200 euros in 2026 against a 9,900 median in Paris, for a gross yield of 4 to 6% versus 2 to 4% in the capital.
The costliest mistake is confusing gross and net-net yield: a 4% gross falls to 1.5-2% in reality. Ground-floor flats also double the rental void.
In 2026 the loi Malraux cuts tax by 30% of restoration costs in a PSMV area and 22% in a PVAP, capped at 400,000 euros of works over four years.
Selling a Pinel property before the 6, 9 or 12 year commitment ends triggers a full clawback of the tax relief: up to €35,000 on a €250,000 purchase.
A 5 to 10 sqm Paris storage room costs €10,000 to €30,000 (€1,500 to €4,000/sqm) and rents for €60 to €120 a month: up to 10% gross, with no rent cap and no DPE required.
Gross rental yield divides annual rent by purchase price. In Paris in 2026 it runs from 2.5 to 4%, against 4 to 7% in the inner Île-de-France suburbs.
For a 35 sqm one-bedroom at 357,000 euros in the 11th, the gross yield is 3.6%, the net 2.5% and the net-net 1.58% unfurnished at a 30% tax rate.
Advertised net yields of 3.5 to 4.5% fall to a real 2 to 3% after rent renegotiations, imposed works and tax, with a 15 to 30% discount on resale.
An SCI under corporation tax depreciates the property, about 32,000 euros a year on 800,000, and is taxed at 15% below 42,500 euros of profit.
The main home carries an automatic 30% allowance, mortgage debt cuts the taxable base and split ownership takes the asset out of the bare owner's IFI.
A Paris pied-a-terre yields 2 to 4% gross and gains 2 to 3% in value a year: a 45 sqm flat in the Marais lets for 1,800 to 2,200 euros a month furnished.
A 40 sqm two-room flat in the 13th worth €344,000 in full ownership costs €220,000 in bare ownership, with no management, running charges or property tax.
No: the Pinel scheme ended on 31 December 2024, so no new purchase qualifies in 2026. Earlier commitments still run their 6, 9 or 12 year term.
A Paris commercial unit costs 30 to 50% less per sqm than housing and yields 4 to 7% gross in 2026, on a 3/6/9 lease with rents free of rent control.
Since the Le Meur law of 19 November 2024, the micro-BIC allowance on an unclassified tourist let falls from 50% to 30%, capped at 15,000 euros of income.
In Paris, a main home can be let on Airbnb for 90 nights a year at most since 1 January 2025, with a registration number required.
A Paris studio yields 3.2% to 5% gross, but the real net-net return falls to 1.5-2.5% on an unfurnished let and 2.8-3.6% under the LMNP regime.
A long-term furnished let runs on a one-year lease, nine months for a student, with one month notice for the tenant and three months for the landlord.
Letting a second home as a furnished tourist rental in Paris requires a change-of-use authorisation with compensation, plus a 13-digit registration number.
In 2026 the LMNP real regime wipes out tax on rents for 15 to 20 years and deficit foncier offsets up to 10,700 euros a year. Pinel ended in late 2024.
Capital gains on property are taxed at 36.2% in 2026: 19% income tax plus 17.2% social levies. Your main residence is fully exempt, with no holding period.
In Paris in 2026, buying beats renting after 7 to 8 years: 5 to 6 years in the 13th, 19th and 20th, 10 to 12 years in premium districts.
Paris adds a 60% council tax surcharge on a pied-a-terre, and resale gains are taxed at 19% plus 17.2% social levies, with no exemption before 22 years.
Yes, 30 to 40% more: a 70 sqm four-room flat in the 19th let at 1,350 euros a month reaches 1,950 as a furnished share, 7,200 euros extra income a year.
The 19th delivers the highest gross rental yield in Paris in 2026 at 4.2%, ahead of the 20th (4.0%) and the 13th (3.8%). The 6th trails at 2.2%.
Setting up an SCI costs 1,500 to 3,500 euros and mainly serves family estate planning or unmarried couples. Around 30% of Home Select investors use one.
In Paris, LMNP on actual expenses beats micro-BIC: depreciating a two-room flat, 8,000 to 12,000 euros a year, wipes out rental tax for 15 to 20 years.
The average gross yield is 3.2% in 2026, from 2.2% in the 6th to 4.2% in the 19th. Net of charges it drops 1.5 to 2 points lower, to between 1.5 and 3%.
Banks want a 10 to 20% deposit plus 7 to 8% notaire fees: on a 400,000 euro flat in Paris, that means 68,000 to 112,000 euros of your own money in 2026.
Gross rental yield in Paris ranges from 2.5% to 4% depending on the arrondissement and property type. Small units (studios, one-bedrooms) in the 10th, 11th, 18th and 19th arrondissements offer the best yields. Net yield (after charges, taxes and vacancy) is typically around 1.5-2.5%.
Paris offers greater long-term security and constant rental demand, but lower yields. The inner suburbs (Boulogne, Levallois, Vincennes, Montreuil) offer yields 1-2 points higher with capital appreciation potential linked to the Grand Paris Express project.
An SCI (property holding company) facilitates estate planning and allows multiple investors. Buying in your own name is simpler for a first investment. The choice depends on your tax situation, wealth objectives and the amount invested. A notaire or tax adviser can guide you.
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