The Real Estate Market in PACA
With strong demand and a relatively limited supply, the real estate market in Provence-Alpes-Côte d’Azur is dynamic but strained. Prices vary greatly depending on the location, ranging from double to triple between the hinterland and the coast. Some municipalities are among the most expensive in France, with a square meter price sometimes exceeding €20,000!
It’s hard to generalize such a diverse market, with major cities like Marseille, Toulon, and Nice, highly sought-after beach resorts like Saint-Tropez, Ramatuelle or Saint-Jean-Cap-Ferrat, and villages in the hinterland. There are properties for every type of profile!
In PACA, the most sought-after properties are:
- City apartments (Marseille, Nice, Toulon)
- Houses with pools (on the coast and in the hinterland)
- Modern villas (in Cannes, for example)
- Provençal country houses
- Seaside properties
- Alpine chalets and wooden houses in the mountains
Prices per Square Meter in PACA
As mentioned earlier, prices in PACA radically differ depending on location and type of property.
On average, the price per square meter is €4,500, with a low of €1,000 per m² (Prads-Haute-Bléone) and a high of €17,000 per m² (Saint-Jean-Cap Ferrat €17,700, Ramatuelle €17,200).
The towns with the most significant value increase this year are:
- Saint Chamas, €3,700 per m², up 24%
- Vallauris, €5,200 per m², up 15%
- Marigaine, €3,700 per m², up 14%.
Trends in Real Estate Prices in PACA
Since 2021, following the Covid19 pandemic, the real estate market in PACA has seen a price surge. Over the past five years, real estate prices have climbed by 26%! This increase is particularly noticeable in the sale of older properties.
Since the end of 2023, in a context of a real estate crisis, prices have begun to stagnate (unlike other French regions which have seen decreases).
Summary: A Region of Opportunities
In conclusion, real estate in PACA represents much more than just the sale of second homes. It is a plural and complex market with a very wide price range.
Unaffected or minimally impacted by the crisis, it is a bustling real estate market, particularly attractive for those looking to invest in high-value properties. Whatever your reasons or type of investment, you won’t regret choosing this region, one of the most diverse and pleasant to live in France!
Photo: John Taylor Saint-Tropez on Green acres
