Costs of property across 8 regions of France

So you’re thinking of owning a property in France? Whether this is for your own leisure or for investment, timing is on your side. It has never been so affordable to buy, interest rates fluctuate around 2.1% for a 19 year mortgage according to a recent European study. On average, over the last 10 years, French families only have to repay £40,000 on average for their property compared to £72,000 in the UK. Overall, their budget for a house or an apartment is also considerably low across Europe at around 18%. If you have sorted your financing plan the next question you may have is where? France is a large country indeed so we picked 8 major cities in 8 different regions. We will review current pricing trends, max price and average price, we will also flag low cost airlines nearby.

1 – Lille (Hauts-de-France)

Our first selection is also the most northern city. English people know of Lille as they often travel down south through this route to avoid the direct but costly motorway to Paris. Lille is a very dynamic city with a booming economy and great transportation network. Besides the Eurostar, there also is a TGV train station right into the city center. It is famous for its “grande braderie”, a flea market that attracts bargain hunter from all over. There is an international airport but being so close to Britain, there are no direct flights as expected.

Max price: £4,250 per m²
Average price: £3,000 per m²
Trends: Stable
even

2 – Strasbourg (Grand Est)

Our next selection is another northern city. You will have heard of Strasbourg for its European parliament and its Christmas market. This is a very picturesque city nearby Germany and you can feel its influence. This city is being met with a property boom right now after the fast train line was opened last year making the trip from Paris just over 2h. There are regular flights from Stansted with Ryanair and Luton with Fly Kiss.

Max price: £4,250 per m²
Average price: £2,700 per m²
Trends: Steep increase
up

3 – Nantes (Pays de la Loire)
As we are heading down south we will follow the the Atlantic coast, a clear favorite with British and French people alike. Nantes is well located half way through between St Malo and La Rochelle, it is a young and vibrant city and former capital of Brittany. Also the birth place of famous writer Jules Verne. It is within easy reach with numerous direct flights from the UK, alternatively, you could take a ferry from Portsmouth to St Malo, we recommend the nightly crossing with Brittany Ferries, it is extremely comfortable.

Max price: £3,600 per m²
Average price: £2,550 per m²
Trends: Stable
even

4 – Bordeaux (Nouvelle Aquitaine)
Further down the Atlantic coast sits Bordeaux, another exquisite city with fame around the world. It is extremely well located too and within same distance to the coast as Nantes. The popular bay of Arcachon is easily accessible and beautiful Dordogne is around the corner. The city is quite southern but an upgraded train line will make its center within 2 hours of Paris just like Strasbourg. As a result there is booming activity for property development in the old town and this usually leads to a price increase albeit lower than Strasbourg. Because of distance it is well connected to major cities all over the UK with 3 low-cost airlines: Easyjet, Ryanair and FlyBe.

Max price: £3,400 per m²
Average price: £2,550 per m²
Trends: Increase
up

5 – Toulouse (Occitanie)

As we head towards the other coast, the French riviera, we decided to stop in Toulouse. This is one of the most populated cities in France actually as it ranks 4th behind Paris, Marseilles and Lyons. It is not surprising as it is perfectly located in the south of France at the foot of the Pyrenees, not too far from Spain. It is also half way through both coasts. The Pink City as locals call it because of its pink bricks is a beautiful city that also boasts a very high-tech industry. Airbus and Galileo GPS Systems have major development sites there. Again because of distance, major low-costs company fly  regularly from all over Britain, Ryanair, Jet2, Flybe and Easyjet.

Max price: £3,600 per m²
Average price: £2,550 per m²
Trends: Stable
even

6 – Marseilles (Provence)

Marseilles is the only city in our selection that sits by the waters. It is a bustling commercial harbor with ferry crossings over to Corsica too. More importantly it is the capital of Provence, one of the most acclaimed regions of France around the world. It is also bustling with property opportunities, there are numerous development schemes – you also have access to a wide array of affordable homes that only need a bit of refurbishment. Again, easily reached by air but flights are a bit longer of course. Also, the second most populated city in France

Max price: £4,250 per m²
Average price: £3,000 per m²
Trends: Increase
up

7 – Lyons (Auvergne-Rhône-Alpes)

This historical city used to be the capital of the Gauls before France even existed. It was also home to the Lumière brothers who invented the cinema at the end of the last century. The city has developed a very successful industry in the pharmaceutical and biotech worlds.  Its city center combines picturesque property areas with modern design projects too and really reflects the spirit of Lyon overall. Its importance has a price tag too, this is the second most expensive city after Paris.  Its airport is in the outskirts like Bordeaux but you can reach it in 30′ with the tramway. Last but not least, the city is a popular destination before or after hitting the ski slopes!

Max price: £5,100 per m²
Average price: £3,400 per m²
Trends: Increase
up

Last but not least – Paris

We had to include Paris of course, we had to finish with it too. Like any world capital city, there is a strong demand for unique opportunities in Paris and its close surroundings. Sextant France have numerous agents on the ground to uncover such opportunities and suggest them to our clientèle. So why not reaching out to see what we have on offer?

Tour-Eiffel

Save

Save

Save

Tags: ,


This entry was posted on Thursday, January 26th, 2017 at 12:29 pm and is filed under French Property, French Regions, Lifestyle, Living in France, Sell French property . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


Leave a Reply


Join our Newsletter!

For latest news and advice about buying property and living in France. Type in your email to subscribe.