House Prices in Bordeaux and Gironde
Tuesday 07 May 2019
The housing market in and around Bordeaux continues to be characterised by above average increases in prices.
Located in the south-west of France, in the region of Nouvelle-Aquitaine, the department of Gironde has one of the most active housing markets in France, due principally to the growth of its capital city Bordeaux.
Nevertheless, as occurs elsewhere, it is a large department, with contrasting fortunes and prices.
According to the notaires, apartment prices in Bordeaux rose by an average of nearly +18% last year*, whilst in the wider Gironde department they rose on average by +10%.
The average price for an apartment in the city averaged €4,260m/2, within a range €3,080m/2 to €5,760m/2, as is shown on the table below. Prices in blue are for existing, older apartments; new apartments are in orange.
In the wider Bordeaux metropolitan area house prices average €320,000, a rise of +9% over the year, but with variations by district.
Thus, in the city houses average €438,500, whilst in the commune of Lormont, to the east, prices average €214,300.
In the year, prices fell in Lormont (-6%), Tresses (-5%) and Saint-Jean d'Illac (-2%), whilst there were large rises in Blanquefort (+17%), Léognan (+19%), and Artigue-prés-Bordeaux (+20%).
Average prices and price movements in the city and some of the surrounding districts are shown in the graphic below.
North of the metropole in the Medoc, along the left-bank of the River Gironde, an area famous for its wines, house prices are more moderate, averaging €190,000, but within a range, as can be seen from the graphic below.
At the bottom end, in Pauillac, houses average €125,000, whilst in Le Plan-Médoc, located nearer the city, the average price is €312,000.
The most expensive area outside of the city is in the Arcachon Basin, on the Atlantic coast, where over the last 3 years average house prices have increased by +23% and apartments by +9%. Prices for apartments remained stable last year at €3,980m/2, but average house prices rose nearly +10% to €335,600. In Arcachon itself, house prices average €545,000, up +14% over the year. In chic Lège-Cap-Ferret house prices average around €750,000.
The least expensive area to buy property is to the north of the city, in the canton of Nord-Gironde, bordering the departments of Charente Maritime and Dordogne, whose principal administrative centre is Saint-André-de-Cubzac. House prices in the area average €155,000, stable over the year.
In the canton of Sud-Gironde, house prices average €192,800, an increase of +5% over the year. La Brède and Langon, the largest two communes in the area, had contrasting fortunes, with prices in falling -7% in the former and increasing by +4% in the latter. Nevertheless, La Brède remained the most expensive area, with house prices averaging €288,000.
In the Entre-deux-Mers area, to the east of the city, the median price of old houses is €180,000, up nearly 4%, with the commune of La Réole recording the highest increase (+16%), although remaining the most affordable commune, with average prices of €110,000. Saint-Loubès, the most dynamic commune, recorded an increase of nearly +13%, to €227,000. In contrast prices fell in Monségur and Latresne by -9%.
The table below gives the average prices in the main communes of the area, which range from €110,000 in La Réole to €337,000 in Carignan-de-Bordeaux.
*To 31st Oct 2018
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