The Price of a Building Plot in France
Thursday 07 December 2017
The French government have recently published a review of residential building land prices for 2016.
The authors report that national average price of a building plot last year rose 4.2% over 2015 to reach €82m².
At a regional level average prices varied from €46m² in Bourgogne-Franche-Comté to €232m² in the Ile-de-France. However, such is the size of the new regions that even these figures are of limited practical value.
The table below contains the average m2 price for each region, as well as the lowest and highest quartile averages and the median, which gives a more accurate picture of the variation in prices within each region.
If the lowest 25% of prices are examined then building land prices in parts of Nouvelle-Aquitaine and in Bourgogne-Franche-Comté average €27m², whilst in the Ile-de-France prices in the same quartile average €232m²
Prices in some rural areas will be lower, as most of the prices in the study are based on sales taking place in the urban areas of France, although, as always, it will depend upon size, scarcity and location.
Accompanying the land price analysis, the review also provides figures on building construction costs, which show that the average build cost last year was €1,352m². The average house size was 111m².
|Average Prices Per m² for Building Land |
|Lowest 25%||Median||Highest 25%|
|Centre-Val de Loire||€59||€39||€70||€114|
|Pays de la Loire||€87||€60||€97||€150|
Source: SOeS, EPTB 2017
This article was featured in our Newsletter dated 07/12/2017