Friday 07 December 2018
The price of a building plot in France rose by an average of 3.6% last year to reach €85m², but with significant variations across the country.
At a regional level average prices varied from €45m² in Bourgogne-Franche-Comté to €216m² in the Ile-de-France. However, such is the size of the new regions that these figures are of limited practical value.
To provide a more accurate picture, the table below contains the average m2 price for each region, as well as the lowest and highest quartile averages and the median.
|Average Prices Per m² for Building Land |
|Lowest 25%||Median||Highest 25%|
|Centre-Val de Loire||€58||€39||€71||€113|
|Pays de la Loire||€92||€62||€98||€163|
Source: SOeS, EPTB 2018
Most the prices in the study are based on sales taking place in the urban areas of France. The average price of building land in rural areas is generally lower, and last year averaged 53m² on a national basis.
As if to reflect the urban bias, the average plot size in the study was 920m². Plot sizes in rural areas are generally larger.
With the increase in the price of building plots, there is a corresponding reduction in the size of the plots, as the following graphic shows:
Accompanying the land price analysis, the review also provides figures on building construction costs, which show that the average build cost last year was €1,394m². The average house size was 119m².