Burgundy Property Insight

Burgundy (Bourgogne) is a region located in the centre east of France. It is composed of four departments: Cote d’Or, Nievre, Saone et Loire and Yonne.

Overview

Burgundy has been for a long time a tourist attraction due to its land, charms, gastronomy, wine and culture. The region boasts a rich and varied heritage: Gaul vestiges, Roman bell towers, gorgeous castles… Some monuments are worth seeing when living in the area: Pontigny abbey is one of the most beautiful Cistercian abbey-churches of France.

Bourgogne attracts many holidaymakers each year, making it an attractive location for investors. The famous region boasts numerous assets which will probably seduce most of you.

Burgundy Immobilier & Property Market Trends

A property in France is sold €3,197 / sq m in 2009. Considering this average, property prices in Burgundy are quite cheap (€1,744 / sq m). Houses or apartments may be more affordable depending on the areas. For instance, a property in Saone et Loire cost €1,616 / sq m. Cote d’or, an eastern department of the region offers much more expensive properties: they are sold on average €2,386 / sq m. However, this department has many assets, such as the closeness to the Jura mountain range, which attracts many tourists.

If you are looking for bargains, search for a property in the Nievre department. As its neighbouring departments, it offers cheap houses and apartments (€1,322 / sq m). This is the cheapest department of the region. The closeness with little known regions may explain such low property prices. However, quietness and beautiful scenery is likely to seduce you.

To get updated info about property prices in Haute Loire, please browse our French Property Market Reports published in the News Section every month.

5 Reasons to Buy a Property in Burgundy

• Events and festivals: each summer, Burgundy becomes even more bustling thanks to many events. Street art, Baroque opera, folk music, French songs, everybody should enjoy the local festivals of Bourgogne.

• Gourmet food and wine: Burgundy gastronomy and wine are internationally renowned. Indeed, the south of the region offers AOC Bresse chicken and Charolaise meat. The famous escargots de Bourgogne (snails) are traditionally savoured during Christmas in France. If you are a sweets lover, do taste the anis de Flavigny (with anise but also lemon, mint…). Other specialities such as the boeuf bourgignon will also seduce your palates! To accompany all your meals, a Vin de Bourgogne is the best choice.

• Economy: the area is home to several worldwide companies such as Amora Maille (Unilever), Urgo, Vendome, or Seb. Burgundy is also an attractive place for tourism thanks to its gastronomy, history, culture and green tourism. Agriculture plays an important role in the region economy too: cereals, bovine meat and wine-growing.

• Activities: Burgundy is not a great place only for wine and art lovers. It is also an idyll to practise many sports and activities. Indeed, there are as many activities to practise as different landscapes in Burgundy: rock-climbing, potholing, golfing, hiking, horse riding, fishing, rafting…

• Location – transport links: Burgundy is easily accessible by motorway from Paris, Troyes, Bourg en Bresse, Calais and Geneva amongst others. Thanks to its developed railway network, Bourgogne is only 4 hours from the main European points of interests. Another solution is to land in Lyon airport, which flies to many national and European destinations.

Property Styles and Architecture in Burgundy

• Winegrowers’ houses: these properties are traditionally sold with vineyards. If you are willing to set up a business in France and if you love wine, why not investing in these charming houses and combine pleasure with business? They are large dwellings coming with a land, terrace, outbuildings…

• Farmhouses: originally the properties of farmers, they are often made up of cheap and local materials. They come with a large land, outbuildings such as barns or stables, terrace, courtyard. They are in general constructed of stone and wood: beams are beside often exposed.

• Stone houses: they are charming properties built with stones. They may be detached houses, town houses or even farmhouses as exposed previously. Full of character, they may have land, terrace, garage, courtyard and sometimes a swimming pool.

Click here for more info about the Architecture in Burgundy.