In large cities, the trend has been towards exodus since the start of the health crisis. As a result, real estate prices are racing on the French coasts, according to a study published Friday, July 2 by Meilleur Agents.
Among the list of the strongest increases, let us quote Brittany (+ 7.2% in one year, at 2,996 euros per square meter), Manche (+ 5.9%, at 3,110 euros per square meter) and the Atlantic coast (+ 5.6%, to 4,372 euros per square meter). “Brittany and Manche are territories where prices have nothing to do with Provence-Alpes-Côte d’Azur [PACA] nor even the South-West, so there is a catching-up effect ”, explains Thomas Lefebvre, Scientific Director of Meilleur Agents.
The seaside resorts of La Manche seduce Parisians with their ease of access: barely three hours by car separate the capital from Touquet-Paris-Plage, the most expensive resort in Manch (6,544 euros per square meter on average).
“Purchase pleasure”
The West Coast markets are supported by the inhabitants of the Nantes, Rennes and Bordeaux employment basins. “Unemployment rates are low there, they are extremely attractive cities for working people. The next step is the pleasure of buying real estate in areas accessible a few hours away. Many Nantes and Rennais spend their weekends on the Brittany coast and therefore have second homes there. Ditto for the Bordelais who go to the Arcachon basin, which has become a very select place: all the French tech can be found in Cap-Ferret for the holidays. “ In Lège-Cap-Ferret, prices are the highest in the region: they are around 10,000 euros per square meter.
In PACA, prices increased less rapidly (+ 3.1%), but the region remains largely at the top of the French coastal areas. more expensive (5,121 euros per square meter). It is also in PACA that the most expensive city in France is located: Saint-Jean-Cap-Ferrat (14,058 euros per square meter). The high prices and the absence of international customers in France, due to the pandemic, weighed heavily. “In PACA, it is the foreign, Russian and English buyers who make the market”, specifies Mr. Lefebvre.
The seaside resorts, already popular before the crisis, are the big winners of the pandemic. “ With a tendency which is rather towards the stability of property prices in France since the outbreak of the Covid, the prices in the seaside resorts continue to increase at a fairly strong rate, underlines Mr. Lefebvre. The second home market has not really experienced the crisis. “