2023-07-18 04:00:10
The coast is still attractive, and prices are still rising… but a little less quickly than previously, according to a study (1) just carried out by the online ad and appraisal site Meilleurs Agents. Admittedly, real estate prices remain on the rise by the sea: + 3.4% on average for one year, but this figure is much lower than the increase in 2022: + 9%. At the same time, real estate throughout France increased by + 0.4% over one year, once morest + 6.2% in 2022.
All coasts combined, Meilleurs Agents estimates that the proximity of the beach, less than 5 minutes on foot, increases the value of a property by 22.1% on average compared to an identical property located more than 20 minutes from the beach. The increase is 11.6% when a property is located between 5 and 10 minutes from the beach.
It is the Atlantic coast that is experiencing the strongest slowdown, with prices only increasing by 1.8% in one year. However, it remains one of the most expensive coasts (5,373 euros per square meter), just behind that of the southern region (6,071 euros per square meter). Some towns on the Atlantic coast have even experienced declines over the past year, such as Biarritz (– 2.7%), with a price now at 8,455 euros per square meter, Lacanau (– 2.2%) with an average price 4,874 euros per square meter or Lège-Cap-Ferret (–1.8%) with a price of 12,150 euros/square meter on average.
Same slowdown in Brittany, where prices are around 3,931 euros per square meter, up moderately by +2.6% in one year, once morest +14.6% in two years. La Trinité-sur-Mer, the most expensive resort in Brittany, posted a +1% increase in prices in one year, with an average price of 6,235 euros per square meter.
The South is more expensive, except Languedoc-Roussillon
On the other hand, the rise in prices continues in the South region (Provence-Alpes-Côte d’Azur), with the highest average price this year: 6,071 euros per square meter. This enthusiasm for the French Riviera and its surroundings is undeniable, since prices show an increase of + 5.2% in one year and nearly + 13.9% in two years.
Saint-Jean-Cap-Ferrat (Alpes-Maritimes) remains the most expensive seaside resort in France, up +5.6% over one year with an average price of 16,955 euros per square meter. Ramatuelle is for its part at 15,668 euros per square meter (+ 6.3%) over one year, and Saint-Tropez (14,219 euros per square meter) up by + 7.8% over one year.
Corsica shows a price increase of +5.3% over one year, but +12.8% in two years. “Prestigious real estate on the Côte d’Azur and Corsica attracts an elderly and wealthy clientele that is not very concerned by the difficulties of access to credit and less sensitive to the cost of borrowing, which keeps prices on the rise »analyzes Barbara Castillo Rico, head of economic studies at Meilleurs Agents.
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