The Price of a Building Plot in France 2018
Tuesday 10 December 2019
The price of a building plot in France rose by an average of 1.7% last year to reach €87m², although it was by no means a one-way street across the country.
At a regional level average prices varied from €47m² in Bourgogne-Franche-Comté to €228m² in the Ile-de-France. However, such is the size of the 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 figure.
|Average Prices Per m² for Building Land |
|Lowest 25%||Median||Highest 25%|
|Centre-Val de Loire||€58||€36||€70||€120|
|Pays de la Loire||€93||€65||€99||€156|
Source: SOeS, EPTB 2018
Despite the overall national increase, prices fell in three regions - Grand Est (-4.6%), Nouvelle-Aquitaine (-1.7%) and Occitanie (-1.5%). All of these regions saw strong growth in prices in 2017.
Highest regional price increases last year were in the Île-de-France (+5.7%) and Auvergne-Rhône-Alpes (+5.4%).
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 54m² on a national basis, an increase of 2.6% in a year. Once again, there are significant differences across the country, but more detailed figures have not been provided.
As if to reflect the urban bias, the average plot size in the study was 934m². Plot sizes in rural areas are generally larger.
Accompanying the land price analysis, the review also provides figures on building construction costs, which show that the average build cost last year was €1,440m². The average house size was 121m².
This article was featured in our Newsletter dated 10/12/2019