The French coastline is still attracting the French! But the property rating of the Côte d’Azur tends to decline while the North West continues to climb.
The Côte d’Azur is no longer the only coastline to attract those looking to invest in real estate . Brittany, the Atlantic coast and the Channel coast have nothing to envy!
This finding, MeilleurAgents , n ° 1 of the online real estate estimate according to Médiamétrie, draws it up after a study carried out on the four aforementioned zones in order to know the evolution of the prices of the houses and the apartments located in the seaside resorts. And BestAgents to indicate: “the Atlantic coast and Brittany see their price increase more than the Côte d’Azur over the last 12 months”.
The west coast always more attractive
A situation that can be explained, according to the study, a sharp decline in property prices in Britain in the last 10 years , increasing “considerably” the purchasing power of French for second homes. As for the Atlantic coast, it is obviously driven by the growing attractiveness around Bordeaux . Thus, the Arcachon basin achieved a performance of + 14% in two years!
Overall, since 1st January 2018, prices have advanced 3.9% on the Atlantic coast, from 3.2% in the Manche, 2.1% on the French Riviera and 2% in Britain. But over a year, they climbed 4.9% in Brittany, 4% on the Atlantic coast, 2.9% on the Côte d’Azur and 2.6% in the Manche.
To perform their calculations and present the twelve seaside resorts to follow, MeilleurAgents has selected cities exceeding a “certain ratio of second homes so as not to include irrelevant villages” and applied the hedonic method. “This method makes it possible to erase the effects of housing specificities on price in order to follow the valuation of reference properties over time”.
Pornic, up 6.3%
At the end of the study, three net results emerge … Thus, Le Tréport (Manche) offers the lowest price with € 1,367 / m2. In contrast, the Côte d’Azur with Saint-Jean-Cap-Ferrat practices the highest price with 13 929 € / m2. But the biggest variationin a year is to put to the credit of Pornic , located in the area that Bestagents called “Brittany”, with + 6.3%.
If we dissect the figures according to the 4 areas covered by the study, here are the key figures to remember ..
Zone called Brittany (Pornic, Loire-Atlantique, Landunvez, Finistere) .
– The lowest price: Camaret-sur-Mer with 1 541 € / m² for a house and 2 076 € / m² for an apartment.
– The highest price: La Baule-Escoublac with € 4,701 / m² for an apartment and € 3,878 / m² for a house.
– The highest variation in 1 year: Pornic with + 6.3%.
Area called Atlantic Coast (from Noirmoutier, Vendée, Hendaye, Pyrénées-Atlantiques)
– The lowest price: L’Aiguillon-sur-Mer with 1 853 € / m² for a house and 2 266 € / m² for an apartment.
– The highest price: Lège-Cap-Ferret with 6 787 € / m² for an apartment and 6 267 € / m² for a house.
– The biggest variation in 1 year: Lège-Cap-Ferret with + 7.5%.
Zone called Côte d’Azur (Cassis, Bouches-du-Rhone, Menton, Alpes-Maritimes)
– The lowest price: Toulon with 2 356 € / m² for an apartment and 3 003 € / m² for a house.
– The highest price: Saint Jean-Cap-Ferrat with 13 929 € / m² for a house and 10 031 € / m² for an apartment.
– The highest variation in 1 year: Ramatuelle with 5.1%.
Manche area (Saint-Pol-de-Léon, Finistère, Wissant, Pas-de-Calais)
– The lowest price: Le Tréport with € 1,367 / m² for a house and Ault with € 1,598 / m² for an apartment.
– The highest price: Deauville with € 4,785 / m² for an apartment and € 4,281 / m² for a house.
– The highest variation in 1 year: Granville with + 5.1%.