Where to invest in LMNP in 2025?
The best cities to make your furnished apartment profitable
Investing in LMNP (Non-Professional Furnished Rental Company) is a particularly popular strategy to build up assets, generate tax-optimized rental income and benefit from a flexible and advantageous regime. But you still need to know where to invest in LMNP to maximize its profitability and ensure its liquidity in the event of resale.
Some cities stand out for their rental dynamism, their economic attractiveness, or their strong demand for furnished rentals (LMNP). Here are the criteria to take into account and the cities to focus on in 2025 for a successful LMNP investment.
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Why is choosing the right big city crucial in LMNP?
The LMNP status allows you to amortize your property and its expenses (at Real regime) or to benefit from a lump-sum allowance (micro-BIC). But overall profitability depends above all on the city chosen: rental demand on the furnished rental market, market tension, local taxation (Property tax), price trends, etc.
A good LMNP investment must combine:
Strong rental demand for furnished rentals (students, young workers, tourists, senior residences, people in professional mobility),- Good market tension (cities where supply is lower than demand),
- A purchase price consistent with the potential rent,
Economic attractiveness and future urban projects
What criteria should you analyze in order to invest well in LMNP?
Before targeting a city, ask yourself the right questions:
- Is the property in question located in an area eligible for the Pinel/Denormandie zoning (for a Plan B) if the furnished rental does not work?
- Is the price per m² compatible with the current rents?
- Is the target audience active? student? on the move? senior? or roommate?
- Is the area and the chosen location well served by transport?
- Is the rental vacancy low there?
Is it easy to rent furnished long-term or seasonal rentals there or Mobility lease ?
Where to invest in LMNP in 2025?
Our selection of the most attractive cities
lyons
- Strong demand for student and professional rentals
- A dynamic and well-served metropolis
- Neighborhoods such as Part-Dieu, Guillotière or Villeurbanne are very sought after.
- Net profitability around 4 to 5%
Nantes
bordeaux
toulouse
paris
Secondary cities with high potential
What type of property should be preferred in LMNP according to the city?
Type of city
Well recommended
Ideal target
Student city
Studio or T2
Students, young professionals
Tourist city
T2/T3 furnished apartment
Tourists, digital nomads
Tertiary city
T2-T3 near train station or tram
Executives, employees on mission
Secondary city
Small investment building
Roommate, couples
Should you invest in a managed residence or in a traditional rental?
Two possible options:
Classic furnished rental
More freedom, better gross profitability, easier to choose a location, and better liquidity at the exit but requires management independently or through an agency.
Managed residence (student, senior, business)
Ideal if you are looking for a turnkey investment, with guaranteed rents. Attractive taxation, especially if you recover VAT on the purchase (LMNP Censi-Bouvard status or real depreciation).
Optimize your LMNP taxation according to location
If you invest in a city with a moderate rental yield (such as Paris, Bordeaux), prefer the real regime to benefit from the accounting depreciation of the property and erase rental income.
In cities with high gross efficiency (> 6%), micro-BIC may suffice if the charges are low (50% flat rate reduction).
Use our LMNP micro-BIC or Real simulator to choose the right diet.
Classic furnished rental
LMNP regime
For whom?
Main tax advantage
Micro-Bic
Revenues < €77,700/year
50% lump-sum reduction
Real regime
Large charges or bank loan
Deduction of expenses + depreciation
On average, 70% of LMNP real estate investors do not pay any tax on their rents for the first few years.
Where to invest in LMNP depends on your wealth strategy
Choosing where to invest in LMNP is more than looking at a map or following trends. You must combine your objectives (profitability, taxation, assets) with the local dynamics of the real estate market.
Do you need help choosing the city, the property or the right LMNP tax regime? Qlower experts support you in your furnished investment strategy, from simulation to tax declaration.
