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Bordeaux Outpaces the Market

A recent study by the Notaries de France traced the evolution in residential property prices between 1997 and 2016 in 17 provincial metropolitan areas.

Those towns and cities in the study were: Bordeaux, Brest, Dijon, Grenoble, Lille, Lyon, Montpellier, Nantes, Nancy, Nice, Orléans, Rennes, Rouen, Strasbourg, Toulouse, Tours, and the metropolitan area of Aix-Marseille-Provence.

Over the period five major phases in the movement of prices can be observed:

  • 1997-2005: high price increases averaging +18% for apartments and +14% for houses;
  • 2006-2007: a deceleration phase;
  • 2008-2009: subprime mortgage crisis, with prices down around -8%;
  • 2010-2011: market upturn with price increases of approximately +5%;
  • 2012-2015: slight price decrease;
  • 2015-2016: prices stable for both apartments and houses.

These five phases are shown on the graphic below.

The graphic is reprised below for houses.

Related Reading:

This article was featured in our Newsletter dated 06/09/2018

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