Should I buy or rent a home in Marseille?

If you have not spent a lot of time in Marseille, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"I rent, this has been very easy. I avoid buying because I know I plant to move again in a few years and experience a new place," wrote a member who made the move to Marseille, France.

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We've partnered with Homelike, to connect expats and newcomers with temporary accommodations in France. If you're moving to France, rent a short-term, furnished apartment or home for the first few months from Homelike and take your time figuring out the best place to live in France.

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"The decision to buy or rent a home in Marseille, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Marseille for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay in Marseille for a long time. Renting offers more flexibility, as you can move more easily if your circumstances change. It also means you won't have to worry about property maintenance and other responsibilities that come with homeownership. Financially, buying a home requires a significant upfront cost, including a down payment and closing costs. You'll also need to consider ongoing costs like mortgage payments, property taxes, insurance, and maintenance. Renting, meanwhile, typically involves lower upfront costs, although monthly rent payments can be high in some areas of Marseille. It's also worth considering the current state of the property market in Marseille. If property prices are high and predicted to fall, it might be better to rent for a while and wait for prices to drop before buying. Conversely, if prices are low and expected to rise, buying could be a good investment. In conclusion, the decision to buy or rent a home in Marseille should be based on your personal and financial circumstances, as well as the current state of the property market. It's always a good idea to seek advice from a financial advisor or real estate professional before making a decision," explained one expat living in Marseille, France.