Attractive prices in the Grand Ouest
Owning a second home in France has always been a lifetime dream for many expatriates. However the second home market has been badly affected by the situation in real estate over the last months. Many buyers give up their dreams and postpone their purchase as they fear they will not be able to make the most of their holiday home.
Notwithstanding, the prices in real estate are globally kept on a declining trend, especially by the sea in both new and resale markets.
The « Grand Ouest » in particular, which brings together most regions of the French West Coast, from Britanny to Aquitaine, has many interesting prices to offer. The Grand Ouest covers a large area which enjoys mild climate with warm summers during which holidaymakers and full-time residents get refreshed with a little dip in the Atlantic ocean. The housing market in these regions offer great opportunities for buyers willing to invest in a second home residence by the sea for a reasonable price. According to Notaires de l’Ouest, over the last year, new apartments prices have declined by some 2,5%, and house’s prices in resale market have fallen by 2,2%. Less popular than the Mediterranean cost, the Grand Ouest has however many exceptional destinations to offer. To name but a few : La Baule, Pornic, Dinard, or Benodet.
Although prices for properties by the sea remain quite high compared to the estate market in general, margin for negotiation have trully increased. The table below sums up the evolution of prices in the most popular seaside resorts in the Grand Ouest.
|
EVOLUTION OF HOUSING MARKET IN MAIN FRENCH SEASIDE RESORTS |
||||||
|
Cities |
Average prices in new home market |
Average prices in resale market |
||||
|
Price per sqm |
Evolution in 1 year |
Evolution in 5 years |
Price per sqm |
Evolution in 1 year |
Evolution in 5 years |
|
|
Deauville |
5 628 € |
+0.4 % |
NA |
4 681 € |
+1.0 % |
+ 11.5 % |
|
Cabourg |
3 899 € |
NA |
NA |
3 300 € |
– 3.7 % |
+ 4.2 % |
|
Saint-Malo |
3 973 € |
+ 0.9 % |
– 13.4 % |
2 838 € |
+ 4.6 % |
– 6.7 % |
|
La Baule-Escoubiac |
NA |
NA |
NA |
4 630 € |
+ 1.4 % |
-1.6 % |
|
Les Sables-d’Olonne |
3 908 € |
– 8.8 % |
+ 17.7 % |
3 576 € |
+ 4.3 % |
+ 6.6 % |
|
La Rochelle |
4 311 € |
NA |
+ 56.3 % |
3 780 € |
+ 7.4 % |
+ 10.5 % |
|
Royan |
3 624 € |
+ 1.6 % |
+ 6.9 % |
2 919 € |
+ 0 % |
– 0.8 % |
|
Capbreton |
3 725 € |
– 4.5 % |
-15.9 % |
3 982 € |
+ 12.3 % |
– 1 % |
|
Anglet |
3 813 € |
– 1.1 % |
– 3.9 % |
3 819 € |
+ 5.1 % |
+ 1.8 % |
|
Biarritz |
NA |
+ 1 % |
NA |
4 306 € |
+ 1 % |
NA |
|
Saint-Jean-de-Luz |
3 803 € |
+ 5.3 % |
NA |
4 309 € |
– 2.7 % |
– 3.5 % |
If you feel like buying a house in the Grand Ouest or simply by the sea, have a look at our property portfolio. You might find something to live the dream !