the Côte d’Azur is being caught up! , Real Estate News/Analysis

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Many buyers looking for accommodation by the sea have noticed this: prices have soared in seaside resorts since the health crisis of 2020, at least more quickly than in the rest of France. A study by the National Real Estate Federation (FNAIM) has attempted to quantify this phenomenon by region.

The conclusion is instructive: in less than 2 years, since July 2020, the prices of houses in seaside resorts have increased by an average of 28% and those of apartments by 20%. In comparison, the average price increase for the whole of France is measured at 17% for houses and 11% for apartments. Overall, it is therefore the increase in the value of houses in seaside resorts that has driven prices up since the start of the health crisis.

Brittany, Normandy and New Aquitaine at the forefront

However, the trend differs according to the coastal regions. For 2 years, the FNAIM has observed a very strong acceleration in prices on the coast in New Aquitaine (+32.8% to more than €5,300 per m²), Brittany (+31.5% to nearly €3,500 per m²) and Normandy (+30.6% to €3,440 per m²) and to a lesser extent in Pays-de-la-Loire (+27.6% to nearly €4,400 per m²) or Occitanie (+20.4% to approximately €3,640 per m²). Provence-Alpes-Côte d’Azur, which nevertheless remains the most expensive region (more than €5,400 per m² for its coastal municipalities), has only seen an increase of +12.8% in 2 year.

In Brittany, you can even go up to more than €6,000 per m², as in La Trinité-sur-Mer, in Morbihan, while in Normandy, Deauville already exceeds this price level. Among the most popular resorts bathed by the English Channel, we can also mention Le Touquet in Hauts-de-France at more than 8,000 €/m².

Over one year (from 2021 to 2022), the FNAIM specifies that the coastal municipalities of Hauts-de-France (nearly €3,800 per m²) and Nouvelle-Aquitaine are those where prices have increased the most with +16.5 %.

The 10 most expensive towns in France

The 4 most expensive towns in France are also seaside resorts, including 3 on the Côte d’Azur: Saint-Jean-Cap-Ferrat (over €16,000 per m²), Ramatuelle (over €14,000 per m²), Saint-Tropez (more than €13,000 per m²) and Lège-Cap-Ferret (nearly €12,000 per m²).

Among the 10 most expensive towns in France, all above 10,000 € per m² on average, there is another seaside resort on the Côte d’Azur (Eze next to Monaco) but also 3 upscale ski resorts (Val- d’Isère, Courchevel and Megève), without forgetting Paris and Neuilly-sur-Seine.

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