Geoffrey Branger, edited by Laura Laplaud 07:44, August 09, 2022

Since the health crisis, real estate prices have exploded in seaside resorts.

A trend that can be observed everywhere in the territory but in particular in three regions, New Aquitaine, Brittany and Normandy.

Europe 1 went to this last region where the price per square meter increased by 30%.

Roger and Monique, two retirees, are in front of a real estate agency in Deauville, looking at house prices.

“It's expensive…”, breathes Monique.

“As expensive as in Paris,” replies Roger.

If you intend to buy an apartment or a house soon, be careful.

In French seaside resorts, prices have exploded over the past two years, in three regions in particular: New Aquitaine, Brittany and Normandy.

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There are not enough goods on the market

These two retirees who thought to settle in the area in the future will be forced to review their project.

According to real estate professionals, it is above all a problem of demand.

Many people want to settle in the region and the goods available on the market are insufficient.

As a result, prices skyrocket.

"We have the example of an apartment seen on the racetrack where the selling price was 7,900 euros per square meter, where in 2019, we were perhaps struggling to sell apartments around 5,000 euros, which represents a little over 50% increase", explains Eric Leheup, director of the Citya agency in Deauville.

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Huge price increase

A particular case, but which demonstrates a trend.

The increase in real estate prices in Deauville is colossal.

Sylvie and Thierry, who live in the city, consider themselves lucky to have bought at the right time.

"I think that in two years, our house has already had to take… More than 30%, we bought it for 258,000, in my opinion, it costs 310,000 euros today", advances Sylvie.

This therefore represents a capital gain of just over 50,000 euros in two years.

In Normandy, according to a study by the National Real Estate Federation, since 2019, the square meter has increased by an average of 30%.