Saint-Malo is a coastal town which is quite famous amongst Frenchmen. There are 52,000 inhabitants in the town itself. It is the most visited town of Brittany, with around 200,000 tourists in summer every year. It has a rich history and remains important as a harbour (industrial fisheries, fishermen, taxi-boats, nature discovery companies, etc.) as well as economically.
Saint-Malo is a harbour located at the mouth of the Rance estuary. It was formerly an island and then became a fortified peninsula during the 12th century. The town is part of the Emerald Coast. The ancient ‘privateer town’ has become a major economic centre in Ille et Vilaine, especially when it comes to tourism.
The town has developed a lot its tourism activities by betting on its various assets: architecture, great beaches, historical legacy, weather and typical gastronomy. Thanks to this, the tourism is a thriving industry but this, combined with the very authentic style of the town, pushes property prices upwards in this area of France.
Another asset of the town is its location. With some jewels around such as the Mont Saint Michel, Combourg or the Broceliande forest, but also with the channel islands just a stone's throw away, there is actually a lot on your plate if you want to be able to say that you know the area.
Saint-Malo is a pretty dear town. The average price of a property for sale there is €3,247 / sq m, ie more expensive than Rennes, a city of more than 200,000 inhabitants. 2-room properties are the most expensive, with prices which can reach €3,590 per square metre. Buying in the outskirts of the town will not allow you to save a lot. Living on or next to the seafront has a price it is difficult to avoid.
The bargains which can be driven in Saint-Malo are mainly 2 or 3-room town houses with pretty affordable prices. However, no matter what your choice would be, the prices are very stable, be it to sale or let your property.
The town has a unique character which could be challenged only by La Baule. For people really wanting to invest in the ever-more-trendy Saint-malo, the mayor has planned to allow 400 new building plots each year over ten years in the town centre, through a major urban refurbishment. These areas are foremost those located next to the train station or in the la Découverte, l’Espérance and Bellevue quarters.
To get updated info about housing prices in the Dordogne, please browse our French Property Market Reports published in the News Section every month.
Click here for more info about the Architecture of Brittany.
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