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Where property prices have risen most in France

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Where property prices have risen most in France
Photo: AFP
17:25 CEST+02:00
Property prices are up all over France this year, but some cities such as Bordeaux have seen more dramatic price increases than others.

Buying property in Bordeaux is now more expensive than ever.

According to a study published on Tuesday 30th August by French website seloger.com, the capital of the Gironde region is the French city that has seen the greatest increase in prices this year.

On average prices of property in the south western city are up by 7.1 percent.

That means Bordeaux is now France's fourth most expensive city in which to buy property after Paris, Nice and Lyon. The average price of a property in the city is now up to around €3,571 per square metre which is higher than the average for the rest of the country, which is at around €3,292 per m2.

However, it is not just Bordeaux that has seen its properties skyrocket in price. Prices are up in over 80percent of towns and cities in France and they continue to rise.

Among the cities that have also seen the most significant rise in property prices are Strasbourg and Toulouse, where figures are up by around 4 percent.

READ ALSO: What's so brilliant about Bordeaux

So what's so bloody brilliant about Bordeaux then?

In the French capital, the most expensive city to buy property in, prices rose by around 1.2 percent.

In Lyon property prices roses by a slightly higher margin of 1.9 percent while in Marseille prices did not budge over the last year.

Staying on the south coast the cost of property in Montpellier rose by 2.1 percent and in Nice it shot up by 3.9 percent. 

But not all French cities are conforming to the trend, with some even seeing a dip in house prices. 

Cities such as Rennes, Grenoble and Besancon have had their property prices decrease by between 3 percent and 5 percent over the year.

Generally, however, the property market in France is seeing price increases throughout the country. 

According Michel Mouillart, economy professor at the University of Paris-Ouest and spokesperson of LPI-SeLoger, who carried out the study, “the rise has sped up since the beginning of the summer and the pressure on prices continues to increase.”

Why Bordeaux has seen such a price rise:
 
Bordeaux is not just an aesthetically attractive city, but it boasts Unesco heritage as a town, is set to be ultra-connected thanks to a new high-speed train to Paris. 
 
The city even featured as one of the top ten cities in France in which to invest, according to Explorimmo. 

 

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