Building and housing illustration in Bordeaux -

Mickaël Bosredon / 20 Minutes¨

  • In twenty years, the French have lost 35% of their “real estate purchasing power”, ie 18 m2.

  • In Bordeaux, the fall is dizzying with - 54%, or a decrease of 31 m2.

  • Strasbourg is the least affected city, with a loss of purchasing power of only 4 m2, ie - 11% of surface area.

A collapse ... If in twenty years, the French have lost 35% of their "real estate purchasing power", or 18 m2, it is in Bordeaux that the fall is most vertiginous: -54%, or a decrease of 31 m2 of surface!

The Meilleur Agents site compared the real estate purchasing power of a young worker with a median income of 1,660 euros in the 11 largest cities in France today, with that at the start of the millennium.

“In the early 2000s, with an equivalent median income, a young adult could buy more than 50 m2 in most cities (Toulouse, Lille, Montpellier, Bordeaux and Nantes).

A surface now reduced to 31 m2 ”, notes this study, which however points to“ strong disparities between cities ”.

Bordeaux is thus “the city with the biggest loss in terms of real estate purchasing power, followed by Toulouse (-27 m2).

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In Bordeaux, prices have quadrupled in twenty years

In Bordeaux, the situation is explained by the explosion of its real estate prices, “which have almost quadrupled since January 1, 2000.” “A price increase clearly greater than the variation in other large French cities (x 2.4 in average), and comparable to the price increase in certain Parisian districts.

In 2021, Bordeaux real estate purchasing power is at its lowest level ever.

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At the other end of the scale, “Strasbourg is the city the least affected: there is a loss of purchasing power of only 4 m2 in twenty years, or -11% of surface area.

It is also the city where prices increased the least during the period (x 1.4).

"Of course, it is Paris which remains the city offering the lowest real estate purchasing power: in 2021 and still with an income of 1,660 euros," a young adult can only access a studio of 11 m2 (against 20 m2 in 2000), or below the surface area of ​​decent housing (18 m2).

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Twenty years ago, cities for less than 1,000 euros per m2 ...

At the start of the millennium, Paris was already the most expensive city (2,753 euros / m2) of the 11 largest cities in France, limiting the purchasing power of young workers.

Twenty years later, the capital's prices have jumped, with a price per m2 which has almost quadrupled (10,402 euros per m2 in 2021.)

It should also be noted that at the beginning of the 2000s, there were still large cities with prices per m2 of less than 1,000 euros.

"This was notably the case in Toulouse, Lille, Montpellier, Bordeaux or even Nantes…"

Society

Lyon, Annecy and Bordeaux, the most expensive cities in France outside the Paris region

Economy

Notary fees, taxes, loans… What is the real cost of a real estate purchase?

  • Housing

  • Immovable

  • Paris

  • Toulouse

  • Strasbourg

  • Aquitaine

  • Bordeaux