Real Estate: What are the Most Expensive Cities in Brittany?

Local News Property
What are the property prices in Brittany

Want to become an owner in Brittany without breaking the bank? Here is a list of the most expensive cities in the region by type of purchase: apartment, house or building land.

Buy yes, but at what price! ”  2017 was a good year , especially in terms of new apartment sales . As at the end of the year, sales are booming especially during the last quarter. In this sense, last year did not escape the rule with much higher peaks than usual, “says Agnès Lanoe, president of the Regional Council of Notaries of the Court of Appeal of Rennes .

Across the Brittany region , 10,276 new apartments, 25,371 old apartments, 56,890 old houses and 13,507 building plots were sold last year.

Demand in some cities or resorts is so strong that median prices of goods (50% of goods are sold at a lower price, 50% of goods are sold at a higher price) have increased by 10% year. A price increase qualified as “reasonable” by Valérie Le Gall, notary in Brest .

New and old apartments

The new apartments have experienced strong demand during the last quarter of 2017. The main reason given is related to taxation with the end of the Pinel Act finally postponed to December 2018. The phenomenon of rising prices has touched so these goods. Saint-Lunaire (Ille-et-Vilaine)  is on the first step of the podium of the most expensive cities, with a median price per square meter of 5,150 euros, followed by  Quiberon (Morbihan)  4970 euros and  Arradon (Morbihan)  4430 euros.

In the first 15 most expensive cities also stand out Perros-Guirec, Carnac or Rennes.

The scarcity of supply in old apartments was also felt during the last quarter of 2017. In the top 3 most expensive cities are classified three coastal cities: Carnac (Morbihan)  with a median price of 4 020 euros per square meter, followed by  Trinité-sur-Mer (Morbihan)  with a price of 3830 euros and  Arzon (Morbihan)  3710 euros.

Dinard, Quiberon, Trégastel, Damgan complete the top 15 most expensive cities.

Houses and building plots

At the end of 2017, the volumes of homes for sale have dropped considerably. The pressure of demand has pushed up prices especially in  Trinité-sur-Mer (Morbihan)  where the median price of a house is 497,000 euros. Sauzon (Morbihan)  and  Saint-Briac-sur-Mer (Ille-et-Vilaine)  arrive in second and third place with respectively median prices of 395,000 and 392,000 euros.

The rest of the painting is completed with Larmor-Plage, Baden or Pacé.

Building your home can be a much more economical. Yet building land is increasingly rare in the communes. The bar of 100 euros per square meter was passed over the entire region. It is on the city of  Rennes (Ille-et-Vilaine)  that the median price per square meter is the highest and reaches 624 euros. The second and third place of the podium are occupied by Arzon with a price of 350 euros and  Saint-Grégoire (Ille-et-Vilaine)  to 347 euros.

Buyers aged 45 on average

In Brittany, the potential buyers already live in their department (44%) for a majority of them, they acquired a property in the village in which they live (31%). The average age of Breton buyers is 45 years old.

Most of them are young people, although the proportion of pensioners is growing (13%), because according to Anna Duffo Le Strat, notary in Auray, “they want to get closer to the coast to spend their retirement “.

Leave a Reply

Your e-mail address will not be published. Required fields are marked *