The median price of old apartments in Gironde is still increasing by + 5.9% in 2021, and is now at 3,800 euros / m2, and 4,630 euros / m2 in Bordeaux.
But it is above all the market for old houses that is driving the dynamics in the department (+ 8.9%).
The Arcachon basin remains a separate market, with notably Le Cap-Ferret “now ranked among the new realms of luxury real estate.
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A new record.
Real estate prices in Bordeaux and Gironde keep climbing, and it is not the Covid-19 crisis that has slowed this trend.
The pandemic has just boosted demand for more rural areas, even if the desire for a garden does not dampen the historic appeal of old apartments.
The median price of old apartments in Gironde is still increasing by + 5.9% in 2021, and is now at 3,800 euros / m2.
Bordeaux confirms its position as the second most expensive metropolis in France (excluding Ile-de-France) behind Lyon: 4,630 euros/m2 (+ 4.7%).
“However, there is a landing in prices in the city center, and an increase which is carried over to the outside of the boulevards and outside of Bordeaux, analyzes Matthieu Vincens de Tapol, president of the Chamber of Notaries of Gironde.
We have a mature market in Bordeaux, and at the same time buyers are looking for more space: one more room to work from home, a terrace, or a garden.
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Talence, Villenave-d'Ornon, Le Bouscat, "which benefit from very good infrastructures", are thus experiencing "very significant" progress.
The west of the metropolis is also facing "price tension", in particular Eysines and Saint-Médard-en-Jalles, where the median price of old houses is now around 380,000 euros, with respective increases of 13% and 12%, thanks to the presence of a dynamic aerospace industrial sector.
The average price of a house in Cap-Ferret rises to… 949,300 euros
This “centrifugal phenomenon” shifts the rise in prices and volumes to the diffuse territories of the whole of the Gironde.
"The attraction for rural areas and the seaside is still growing", note the notaries.
The price of old houses, which represent nearly two-thirds of sales in the department, now stands at 305,000 euros (+ 8.9%) in Gironde.
The situation is however not homogeneous, between Lacanau which sees the median price of its houses pointing to 358,000 euros and Blaye where it is located at 136,000 euros.
The right bank remains generally more accessible, with towns such as Ambarès, Cenon, Libourne.
Market apart, the Arcachon basin is experiencing an “exponential” price increase: + 15.8% for apartments and + 9.7% for houses.
It is necessary to count on average a budget of 422,500 euros for a house on the basin, knowing that the north of the basin “is located in another dimension”, since this budget climbs to… 949,300 euros for a house in Lège-Cap-Ferret.
"Cap-Ferret is now ranked with Lake Como and Miami among the new realms of luxury real estate," notes Me Vincens de Tapol.
Increasingly frequent demolition/reconstruction operations
There remains, finally, the question of building land, the price of which has increased by more than 30% in three years in the department.
“The Gironde remains an expensive department, linked to the attractiveness of the territory and the scarcity of land”.
And that is not likely to get any better, given "the increasingly restrictive urban planning policies that influence housing development policies, such as the application of the coastal law, or the climate law published in 2021 and which raises zero artificialization of the soil as an objective, which will have an influence on the freeing up of land.
Notaries are thus noticing more and more demolition/reconstruction operations, which are likely to increase in the years to come.
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Lodging
Covid-19
Real estate
Bordeaux
Aquitaine
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