Sport: Real estate: prices have jumped in seaside resorts

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The heat wave pushes real estate buyers to focus on the communes by the sea. More and more French people have an attraction for the coastal areas, notes the National Federation of real estate agents (FNAIM). A market study, carried out in 480 municipalities, indicates that the average price per square meter in seaside resorts is 4,467 euros on June 1, 2022 (4,549 euros for apartments and 4,388 euros for houses), report Echos. It reaches 3,020 euros in the rest of the territory. The prices in these municipalities flew over a year (+13%).

In these seaside resorts, 47% of real estate represent secondary residences, against 10% in the rest of France. Note that a third of French second homes are located in these 480 municipalities. The "COVID EFFECT" has greatly contributed to an increase in prices. As a reminder, between April 2018 and March 2020, the period before the health crisis, prices at these stations had gained 6.9%. It is less than the 7.5% observed throughout the territory.

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From May 2020 to April 2022, prices increased from 24.2%

“in the twenty-four months depending on the crisis, from May 2020 to April 2022, prices in seaside resorts increased by 24.2%, Against 14.6% for the whole of France. An acceleration also pulled by the increase in prices on houses, "said the organization. The risk of global warming submersion has no impact on prices.

In Provence-Alpes-Côte d'Azur (PACA, 5,429 euros/m2 on June 1, 2022) and in New Aquitaine (5,307 euros), the prices are the highest. Normandy (3,440 euros) and Brittany (3,467 euros) remain cheap. The average price is 3,796 euros/m2 in Hauts-de-France, 4,393 euros in the Pays de la Loire, 3,638 euros in Occitanie and 4,292 euros in Corsica, specify the Les Echos.

“A beginning of catch-up seems to begin for the northwest coastlines, with a high acceleration of prices on the coast in Brittany and to a lesser extent in Pays de la Loire, Normandy and Hauts-de-France Adds the study.

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By municipality, the highest prices in Hauts-de-France are in Touquet (8,211 euros/m2). In Normandy, Deauville holds the head (6,379 euros), Île-aux-Moines in Brittany (6,253 euros), La Baule-Escoublac in the Pays de la Loire (6,412 euros), Lège-Cap-Ferret in New Aquitaine (11,729 euros), Vic-la-Gardiole in Occitanie (5,397 euros), and Saint-Jean-Cap-Ferrat in PACA (16,581 euros). Finally, in Corsica, Bonifacio (7,732 euros) ranks first.

Article Real estate: prices jumped in seaside resorts appeared first on Better Living your money .

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