Lille: attractive real estate market

Among Lille’s neighborhoods, two clearly stand out from the crowd. It is about Old Lille (€5,546/m²) and the center (€4,660/m²), which are the most expensive in the municipality, with other sectors of the surrounding districts, especially the central part of Vauban-Esquemmes and also far to the north of Wazemmes (€4,400 – €4,500). These beautiful spaces and the prices that accompany them tend to extend beyond the city limits, even to the neighboring communes of Lambersart (Canon d’Or district at €4,676) and La Madeleine (Grand Boulevard district at €4,485). All these areas benefit from a good public transport network, a high quality of life and are home to most educational facilities as well as the most notable sights.

In the historic center of the city, the rental value per square meter is close to EUR 17, compared to the general average of EUR 14. For furnished accommodation, which represents more than half of rentals, rent for a T1 can reach 25 EUR/m² in Old Lille. Flats are generally much more sought after in the northern capital, especially due to the many students. According to INSEE data, apartments in Lille represent 78% of housing in 2020 and have an average of 2.5 rooms. The rental return on investment in Lille in 2023 is estimated at 6.5%.

Conversely, the most peripheral districts such as Mitterie (Lomme, West), Hellemmes (East) and Lille Sud are generally located in below the threshold of €3,000/m². Between the two extremes, namely Faubourg de Béthune-Concorde and Vieux-Lille, there is a difference of almost 47%, reflecting the large differences and inequalities in income between the residents of the different areas of Lille.

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