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Yes, the analysis of Brittany & Normandy's property market is included in our pack
Considering buying a nice property in Brittany & Normandy? You're not alone!
Many people are enchanted by the rustic charm of Brittany & Normandy and dream of owning a traditional farmhouse or a cozy cottage there.
Is it a wise investment, though? Are property prices increasing in the region of Brittany & Normandy? What is the price per sqm? Is it wiser to buy property in Saint-Malo or Honfleur? And the taxes? What yields can I expect?
We've got it all sorted. No worries.
The Investropa team has extensively researched this market. As a matter of fact, we've organized all our findings in a pack. Get it now.
In the lines below, we'll provide you with helpful information.
How's the property market in the region of Brittany & Normandy?
When evaluating the strengths of a property market, everyone has their own opinion. We do things differently - we rely on data and actual facts.
Types of properties
In Brittany and Normandy, you can find a variety of properties for sale.
These include charming countryside cottages, historic stone farmhouses, seaside villas with stunning ocean views, cozy townhouses nestled in picturesque villages, and modern apartments in bustling coastal towns.
These regions offer a diverse range of real estate options, each showcasing unique architectural styles and landscapes, allowing buyers to choose between serene rural settings or vibrant coastal communities based on their preferences.
Buy or rent?
(If you plan to use it yourself and not as a rental)
Whether you're considering settling in Brittany and Normandy or already living there, you might be thinking about the pros and cons of buying versus renting a property in this picturesque region.
Generally, buying is a better choice than renting in Brittany & Normandy due to the region's high quality of life and attractive property prices.
On the other hand, renting might be the better fit if you value flexibility.
Property prices in the region of Brittany & Normandy
On average, according to the last data from National Institute of Statistics and Economic Studies (INSEE), buying a property in the region of Brittany & Normandy would cost you around $3,500 per square meter.
It's just an average. The value of a square meter for a farmhouse in Brittany might differ from a cottage in Normandy. You'll get a more detailed in our pack for buying property in the region of Brittany & Normandy and in France.
To put things in perspective, it means that, instead of buying an apartment in Paris, you could afford almost 3 properties in the region of Brittany & Normandy.
Also, housing prices in the region of Brittany & Normandy are 56% cheaper than in the South of France.
The most expensive places in the region of Brittany & Normandy are probably the cities of Saint-Malo and Deauville, while the cheaper areas tend to be in the rural parts of the region.
Trends
First and foremost, we have to acknowledge that France currently stands out for its remarkable stability. The last Fragile State Index that has been reported for this place is 30.9.
Remember this when thinking about whether it's a good idea to buy a property in the region of Brittany & Normandy.
Also, according to the IMF’s forecasts, France's economy is expected to soar by 6.7% in the coming 5 years, resulting in an average GDP growth rate of 1.3%.
If you want to invest in real estate in the region of Brittany & Normandy it's a good thing because an expanding economy (usually) leads to higher incomes for citizens, enabling them to invest in real estate, which boosts demand and prices for properties.
Also, in France, the average GDP per capita has changed by 1.7% over the last 5 years. Though not substantial, there is still a positive trend of growth.
Looking for more updated data? We've done a big-picture study to find out if it's a good idea to purchase property in France right now.
Buying property in the region of Brittany & Normandy
Buying real estate in Brittany & Normandy can be difficult due to the lack of reliable and up-to-date information available. That's why we have created the pack to buy property in the region of Brittany & Normandy and in France.
Buying process
In our pack, we've laid out all the steps involved in the buying process, including the required documents, taxes to be paid, and guidance on finding properties.
Now, we're giving you a more straightforward version to help you grasp the information more easily.
This is the step-by-step process to purchase a property in Brittany & Normandy:
- Research the regions of Brittany & Normandy, and set a budget including additional fees (e.g., land registration tax).
- Engage a local real estate agent with expertise in the specific areas you are interested in.
- Visit properties that meet your criteria and consider their proximity to local attractions and amenities.
- Conduct a thorough property inspection, looking for any specific issues common in the regions (e.g., coastal erosion concerns).
- Make an offer through the real estate agent, and negotiate the price based on the market trends and property condition.
- Sign a preliminary sales agreement (compromis de vente) with the seller, detailing the terms, price, and conditions of the sale.
- Pay a deposit (usually 5-10% of the property price) to secure the property, held in escrow by the notary.
- Hire a notary (notaire) who will handle the legal aspects of the transaction, including title search and drafting the final contract.
- Conduct property surveys and checks, including the DPE (Diagnostic de Performance Énergétique) to assess energy performance.
- If required, obtain a mortgage and secure financing. The notary will assist in obtaining a loan offer from a French bank.
- Complete the final sales contract (acte de vente) with the notary, signed by both parties in the presence of the notary.
- Pay the remaining balance, including notary fees, registration taxes, and agency commissions. The notary will then transfer the ownership title to you officially.
Additionally, ensure you have the following essential documents:
- Valid passport or ID for identification.
- French bank account for transactions and mortgage dealings.
- French fiscal number (Numéro Fiscal) to manage taxes related to the property.
- Certificat d'Urbanisme, a planning certificate that confirms property usage and building restrictions.
Keep in mind that the process may vary based on the specific location and property type. It's always advisable to seek advice from local experts and a qualified notary to navigate the intricacies of the real estate purchase in Brittany & Normandy.
Also, if you're not from the country, you might want to check our article on how to buy property as a foreigner in France.
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Where to find a property
Explore these websites to find properties in Brittany & Normandy.
- French Entrée - A comprehensive guide to buying property and living in France, featuring property listings, guides, and lifestyle articles.
- My French House - An award-winning property portal specializing in houses, villas, and properties for sale in France. They offer expert advice and a bespoke home hunting service.
- French Property - A leading online portal for property in France, offering a wide range of properties for sale and rent.
- Houses & Apartments - A leading real estate website offering a wide selection of apartments and houses for sale in various locations in France.
- Realestate.com.au - Providing a wide range of properties for sale and rent, along with information on new homes, agents, lifestyle, news, and commercial properties.
Also, know that we have included contacts of real estate agencies, property lawyers, moving companies, expats communities and more in our pack for buying property in France.
Which properties for which budget?
As mentioned before, the average price per sqm in the region of Brittany & Normandy is $3,500. A one-bedroom property (60 sqm) would cost around $210,000, and a two-bedroom (85 sqm) would be about $298,000.
Obviously, property prices will change based on both the property itself and its location.
The prime locations in the region of Brittany & Normandy typically come with elevated housing prices. A house in Dinard could cost you about $660,000, while a property in Saint-Malo might be priced at $370,000.
On the other hand, certain areas are friendlier to your budget. You might discover an apartment in Brest for $120,000 or an apartment in Plessala that's priced at $90,000.
We give more details about property types and areas in our full pack for buying property in France.
Common pitfalls
Here are the main pitfalls when buying a property in Brittany & Normandyandy, France:
- Heritage restrictions: Historical properties may have strict preservation rules, limiting renovation and development options.
- Complicated inheritance laws: French inheritance laws differ from other countries, potentially affecting property succession and ownership.
- Septic tank regulations: Ensuring compliance with French septic tank regulations is crucial, as non-compliance can lead to costly fixes.
- Termites and woodworms: These pests can damage wooden structures in older properties, necessitating thorough inspections.
- Coastal erosion risks: Coastal properties may face erosion threats, impacting their long-term value and safety.
- Local tax variations: Differing property taxes in Brittany & Normandy's regions can affect your overall ownership costs.
- Off-plan property risks: Investing in unbuilt properties carries uncertainties regarding completion and quality standards.
- Change in lifestyle: Adapting to the French culture and rural life might be challenging for some buyers coming from different backgrounds.
We don't want this to happen to you, so we have included a full checklist for your property investment in our pack of documents. Avoid these mistakes and save a lot of money.
Everything you need to know is included in our France Property Pack
Living in the region of Brittany & Normandy
Life in the region of Brittany & Normandy is a unique blend of coastal beauty, vibrant culture, and rich history, making it an ideal destination for those looking to purchase property.
Cost of living
The cost of living in the region of Brittany & Normandy is generally quite reasonable. Prices for basic necessities such as groceries and utilities are lower than the national average, making it an attractive option for those looking to save money.
Here are some examples to better understand the cost of living in Brittany & Normandy, France:
- Rent for a one-bedroom apartment in the historic "Intra-Muros" district of Saint-Malo (Brittany): $900 per month.
- A meal at a local seafood restaurant with "Coquilles Saint-Jacques," the famous Normandy scallops: $20.
- Monthly transportation pass for "Twisto" buses and trams in Caen (Normandy): $45.
- Utilities (electricity, water) for a small apartment in the charming town of Dinan (Brittany): $80 per month.
- A glass of "Chouchen," traditional Brittany mead: $8.
- Entrance fee to the "Musée des Beaux-Arts" in Rennes (Brittany): $10.
- Monthly membership at a fitness center in Le Havre (Normandy): $40.
- A bottle of "Pommeau de Normandie," an apple and Calvados blend: $12.
Areas
Since we want to help people understand easily, we've created a summary table that tells about the different areas in the region of Brittany & Normandy. For yields, prices and rents, check our property pack.
| Place | Description | Strengths | Weaknesses |
|---|---|---|---|
Saint-Malo, Brittany | Saint-Malo is a historic walled city with a picturesque harbor, attracting tourists year-round, making it a potential hotspot for vacation property investments. | Strong tourism appeal, rich cultural heritage, and demand for holiday rentals. | High property prices due to popularity, seasonality affecting rental income. |
Deauville, Normandy | Deauville is a glamorous seaside resort town known for its film festival and casino, offering a luxurious real estate market for investors. | Prestigious image, high-end clientele, and potential for luxury property investments. | Limited demand during off-seasons, hefty initial investments. |
Rennes, Brittany | Rennes is the capital of Brittany, featuring a vibrant student population and a growing tech industry, making it an attractive option for buy-to-let investors. | Steady rental demand, diverse property options, and stable property market. | High competition for rental properties, potential vacancy during university holidays. |
Honfleur, Normandy | Honfleur is a charming harbor town with a thriving arts scene and historic timber-framed houses, drawing in tourists and art enthusiasts, creating opportunities for vacation rental investments. | Unique appeal to tourists, potential for cultural-themed rentals, and growing popularity. | Seasonal variations in tourism, preservation regulations affecting property renovations. |
Mont Saint-Michel, Normandy | Mont Saint-Michel is an iconic medieval abbey perched on a rocky island, attracting a significant number of tourists, which can be advantageous for vacation rental properties. | High tourist footfall, unique UNESCO World Heritage site, and cultural significance. | Challenges in property maintenance due to its island location, dependence on seasonal tourism. |
Dinard, Brittany | Dinard is an elegant seaside resort town with Belle Époque architecture, offering a refined atmosphere and potential for upscale property investments. | Classy and sophisticated environment, attractive to high-income tourists, and good rental prospects. | Higher property prices in prime areas, limited demand during colder months. |
Caen, Normandy | Caen is a historically rich city with strong educational institutions, leading to a steady demand for rental properties from students and faculty. | Stable rental market, diverse tenant base, and potential for property near universities. | Strong competition for student-oriented rentals, some areas may have lower demand. |
Quimper, Brittany | Quimper is a charming town known for its medieval architecture and cultural events, attracting tourists and providing investment opportunities for vacation rentals. | Distinctive charm, growing tourism, and demand for traditional Breton properties. | Limited real estate development opportunities, seasonal nature of tourism. |
Life in the region of Brittany & Normandy
The economy of Brittany & Normandy is largely based on agriculture and fisheries, with the region producing a variety of seafood, dairy products, and grains. Tourism is also a major economic driver, with the region's beautiful coastline and historic sites attracting visitors from around the world.
What expats usually like the most in the region of Brittany & Normandy is the variety of landscapes, from the stunning beaches to the rolling hills and rural countryside. They also appreciate the unique culture, which includes traditional festivals, local seafood, and centuries-old architecture.
Access to healthcare in the region of Brittany & Normandy is generally good, with a variety of hospitals, clinics, and medical centers available to the population.
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Renting out in the region of Brittany & Normandy
This section is for you if your goal is to buy a property and rent it out to generate income.
Long-term
According to the data reported by Wikipedia, the home ownership rate in France is 65%, which is average.
In distinction to central Paris, where renting is favored by many professionals, the regions of Brittany and Normandy in France have a higher tendency for residents to buy properties and settle down.
If you decide to rent out long-term, you might want to target people who are looking for a slower pace of life and want to explore the picturesque and historical sites of Brittany and Normandy. People who appreciate the local culture and gastronomy will also be interested in renting long-term in this region.
Here is a little summary table we've made for you.
| Property type and area | Profiles of potential tenants | What they are looking for | Expected monthly rent in $ |
|---|---|---|---|
Apartment in Rennes, Brittany | Professionals, students | City center, proximity to universities | $600 - $1500 |
Cottage in Honfleur, Normandy | Tourists, couples | Quaint coastal location, scenic views | $800 - $2000 |
House in Caen, Normandy | Families, professionals | Suburban living, good schools | $1000 - $2500 |
Studio in Saint-Malo, Brittany | Singles, students | Coastal living, affordable options | $500 - $1200 |
Now, you will probably ask us about the yields. Unlike other places, giving you an average rental yield for the region of Brittany & Normandy is though. The region is quite varied. For example, rental yields in cities like Rennes and Caen differ from those in more rural areas.
Finally, if you want to rent long-term in the region of Brittany & Normandy, be aware that the rental income tax stands at 45-50%, which is quite high.
Short-term
You could also decide to rent short-term to tourists visiting the region to explore the historical sites, such as the Mont Saint-Michel and the D-Day Beaches, or to those looking for a beach holiday along the Brittany and Normandy coastlines.
If you decide to go with that option, look for properties in the popular coastal towns of Dinard, Saint-Malo, and Deauville in Brittany, and Honfleur, Etretat, and Trouville-sur-Mer in Normandy.
Is it worth buying real estate in Brittany & Normandy then?
Absolutely, buying property in Brittany & Normandy is a fantastic idea under the right circumstances. If you're someone who values the rustic charm, affordability, and the unique blend of coastal beauty, cultural richness, and historic charm these regions offer, then it's a golden opportunity.
With property prices at a fraction of what you'd pay in Paris and an economy that's expected to grow, the potential for a wise investment is evident. Plus, if you're thinking about rental income, Brittany & Normandy's appeal to tourists can generate a steady stream of income, especially in popular coastal towns. However, keep in mind that seasonal variations in tourism can impact your rental income.
On the flip side, if you're a city dweller at heart, craving the urban lifestyle with all its amenities, then Brittany & Normandy might not be your cup of tea. These regions are known for their countryside charm, and while there are coastal towns, they lack the hustle and bustle of big cities.
Moreover, the lack of reliable and up-to-date information about real estate in these areas can be a hurdle, and if you're not comfortable with potential uncertainties in the buying process, it's best to be cautious. Additionally, the presence of strict heritage rules and complex inheritance laws can make property ownership and development a daunting task for the unprepared.
Lastly, remember that while tourism can bring in rental income, it's not a year-round guarantee, and you should be prepared for seasonal fluctuations. In short, buying property in Brittany & Normandy is a gem of an opportunity for the right person, but it's essential to weigh your preferences and readiness for potential challenges before taking the plunge.
Make sure you understand the real estate market in Brittany & Normandy
Don't rush into buying the wrong property in France. Sit, relax and read our guide to avoid costly mistakes and make the best investment possible.
The content provided here is for informational purposes only and does not imply endorsement or advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information, including text, images, links, or other elements in this material. Following the content and analyses presented here does not assure specific outcomes. For guidance tailored to your individual circumstances, it is recommended to consult with a professional, such as a lawyer, accountant, or business advisor.