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Price per m² in Marseille: Key figures of the real estate market

Mahaut Fauquet
-
Modified on
11/19/2024
Marseille
Summary

Marseille, the second largest city in France, is a metropolis rich in history, culture and diversity. Located on the Mediterranean coast, it offers an exceptional living environment that attracts not only locals, but also foreigners looking for a sunny pied-à-terre or a second home. With its emblematic Old Port, its creeks and its picturesque districts, Marseille seduces as much for its natural assets as for its economic and cultural dynamism.

In this article, we will explore the Marseille real estate market in 2024, current prices, market trends, as well as the most popular areas for investment.

The real estate market in Marseille

The real estate market in Marseille is booming, benefiting from strong demand from both local residents and foreign investors, especially from northern Europe. The city, known for its friendliness and Mediterranean climate, continues to appeal to many buyers looking for a second home or a nice place to spend their retirement.

In 2024, Marseille will see a moderate increase in prices, driven by the growing demand for properties located in historic districts and those near the sea. However, the city remains relatively affordable compared to other major French cities such as Paris or Nice, making it an attractive destination for investors.

The price per m² in Marseille

The average price per square meter in Marseille in 2024 is around €3,500 for an apartment, and €4,500 for a house. These prices can vary greatly depending on the neighborhood and proximity to the sea or amenities. Here is an overview of the prices in the different districts:

Neighborhood Average price/m²
Le Panier €4,000/m²
Endoume €6,500/m²
Saint-Victor €4,800/m²
Old Port €4,000/m²
La Corniche 5,500 €/m²
Les Goudes 7,000 €/m²
Le Roucas-Blanc 7,500 €/m²
L'Estaque 3,200 €/m²
Le Pharo 5,500 €/m²
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Trends in the real estate market in Marseille

Marseille is experiencing a positive real estate dynamic in 2024, with particularly strong demand for properties located in historic districts and those with sea views. Neighborhoods such as Endoume, Saint-Victor, and the Old Port are highly sought after for their authenticity and proximity to the city's main attractions.

The pandemic has also influenced buying trends, with increased demand for properties offering outdoor spaces such as balconies, terraces or gardens. The luxury market, especially in areas such as La Corniche and Roucas-Blanc, remains robust, with buyers willing to pay a premium for prestigious properties with panoramic views of the Mediterranean.

The most popular neighborhoods in Marseille

Le Panier: The oldest neighborhood in Marseille, Le Panier, is a maze of narrow and colorful alleys, filled with artisan shops and quaint cafes. This neighborhood attracts lovers of history and authenticity, although it remains more affordable than other more upscale areas.

Endoume: Nestled on the hills near the sea, Endoume is one of the most sought-after areas for its spectacular views and tranquility. Prices are relatively high, but the properties, often with terraces and gardens, are worth the cost.

La Corniche: This coastal district is synonymous with luxury in Marseille. The properties here, often prestigious villas or apartments, offer stunning views of the Mediterranean, making it one of the most expensive areas of the city.

L'Estaque: L'Estaque, once a fishing village, is now a thriving neighborhood. Offering more affordable prices, it attracts families and young couples looking to enjoy a waterfront life without straying too far from the city center.

In conclusion: a choice investment in Marseille

Marseille continues to attract a diverse clientele thanks to its unique charm, its lively culture and its Mediterranean living environment. Whether you are looking for a second home with a sea view or an apartment in a historic district, the Marseille real estate market in 2024 offers many opportunities. Take advantage of the still affordable prices and the growth potential to invest in one of the most dynamic and sunny cities in France.

Photo: VIP Real Estate Ltd

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