Saint-Nazaire, a tense but still accessible market

Shunned for years by the public who preferred the nearby seaside resorts of Pornichet or La Baule, Saint-Nazaire (Loire-Atlantique) is now attracting, and real estate prices have seen a double-digit increase in recent months. In this working-class town almost entirely destroyed during the Second World War, the town center was rebuilt in the 1950s and Saint-Nazaire is better known for its industrial port, its Chantiers de l’Atlantique or its Airbus site than for its seafront.

But the attraction of the coast, the increase in real estate prices in Nantes, which made Saint-Nazaire a transfer market, the possibility of finding a house with a garden there have changed the situation. The redevelopment of the seafront in recent years has also changed the way people look at the city. “In the past Saint-Nazaire was the place where we worked and went to have fun in Pornichet or La Baule, but we are committed to changing this perception by developing cultural activities and urban renewal”specifies David Samzun (PS), mayor of Saint-Nazaire.

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The arrival of Covid-19 and the possibilities of teleworking have accentuated the situation. “The demand is very strong: as soon as we have a property to sell at the right price, it leaves in a few days and overall we do not have enough properties to satisfy all our customers”, confirms Maguy Loyer, manager of Maguy Immobilier. The Breton notaries thus note that the prices increased by 15.5% between the 1er April 2021 and March 31, 2022 for old apartments and 8.2% for houses; 11% of the properties purchased are studios and 32.6% are houses.

On a strip of 300 to 400 meters along the coast and its coastal path, it takes 600,000 to 800,000 euros for a house, especially in the district of Saint-Marc-sur-Mer. “But, if it’s a house with a sea view, you spend well over a million euros and this type of property is extremely rare for sale”, believes Maguy Loyer. Same thing in the Havana district located by the sea, but close to the city center and made up of houses from the beginning of the 20th century.e century spared by the war: the houses are sold there around 700,000 euros. You have to go a little further inland for more reasonable prices, such as in the Landettes district, where it is possible to find a house for around 250,000 euros.

A step

Another interesting district, the city center: “We see that prices are not increasing there, even though the city has planned some great requalification and greening projects”is surprised M.e Diane Boeglin-Dallier, notary in Saint-Nazaire. In this sector, the surroundings of the submarine base can be a place to make a rental investment, because the demand is very strong. The city is also classified in zone B1 and therefore eligible for the Pinel rental investment scheme.

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