Authored by the expert who managed and guided the team behind the France Property Pack
Yes, the analysis of Brittany & Normandy's property market is included in our pack
What do the latest numbers reveal about the real estate market in Brittany and Normandy? Are property prices on the rise, or are they stabilizing? Which areas offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Brittany and Normandy, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
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1) The average property cost in a historic Normandy town is €300,000
The average cost of a property in a historic town in Normandy is €300,000.
In 2023 and 2024, towns like Deauville, famous for its luxury, had property prices of about €3,024 per square meter. This town is not just about the beach; it's a blend of history and high-end living, which naturally boosts its property values.
Cabourg, another charming spot, offered properties at an average of €2,559 per square meter. Known for its Belle Époque architecture and vibrant cultural scene, Cabourg attracts those who appreciate both history and modern comforts.
For those seeking more budget-friendly options, Fécamp stands out with prices starting at €1,322 per square meter. This town, with its rich maritime history, offers a more affordable slice of Normandy's charm.
These variations in property prices across Normandy's towns help explain why the average cost of a property in a historic town is around €300,000. Each town's unique blend of history, amenities, and lifestyle influences its market value.
Whether you're drawn to the luxury of Deauville or the affordability of Fécamp, Normandy offers a diverse range of options for potential buyers. The region's historical allure and varied price points make it an attractive choice for many.
Sources: SeLoger, Tendance Ouest, Le Figaro Immobilier
2) The average price per square meter in Normandy is now about €2,200
In Normandy, the average price per square meter is about €2,200.
For those eyeing a house, expect to pay around €2,039 per square meter. If an apartment is more your style, the price jumps to about €2,881 per square meter. These numbers help explain how the average settles at €2,200 when you blend both options.
Location matters too. In Calvados, prices are generally higher, while in Orne, they tend to be lower. This regional variation influences the overall average significantly.
Market trends are also at play. There's been a noticeable rise in property values across Normandy, which affects the average price per square meter.
Moreover, the number of property listings has increased, adding another layer to the pricing dynamics. This increase in listings impacts the market and contributes to the average price.
Sources: Netvendeur, AV Transaction
We have made this infographic to give you a quick and clear snapshot of the property market in France. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) In 2024, waterfront property prices in Brittany and Normandy ranged from €2,500 to €4,000 per square meter
In 2024, the average price per square meter for waterfront properties in Brittany and Normandy ranged from €2,500 to €4,000.
In Brittany, property prices varied, with a median price of €2,749 per square meter by December 2024, according to Le Figaro. This figure includes both new and older properties, where new constructions averaged €2,801 per square meter and older ones were slightly less at €2,622 per square meter.
Waterfront properties are particularly sought after, often fetching higher prices due to their prime locations. For example, in Saint-Malo, a city renowned for its stunning waterfront, the average price per square meter was around €5,006, suggesting that these properties are at the upper end of the price spectrum.
Such pricing trends highlight the premium placed on coastal living, where the allure of the sea significantly influences property values. Buyers are often willing to pay more for the unique lifestyle and views that come with these locations.
In Normandy, similar trends can be observed, with prices reflecting the demand for properties that offer both scenic beauty and proximity to the water. The region's charm and historical significance add to its appeal, making it a desirable place for property investment.
Source: Le Figaro
4) In 2024, monthly rents for two-bedroom apartments in Brittany ranged from €700 to €1,200
In 2024, monthly rents for two-bedroom apartments in Brittany ranged from €700 to €1,200.
This price range is influenced by the variety of apartment types and their locations. For example, in Dol de Bretagne, some listings showed apartments available for as low as €600 per month, indicating that more affordable options exist in certain areas.
On the other hand, higher-end listings are also present. A T4 apartment in Saint-Brieuc, for instance, was listed at €1,000 per month plus additional charges, showing that more expensive options are available as well. This variation often depends on factors like apartment size, amenities, and specific location within Brittany.
Some listings include amenities such as parking spaces and cellars, which can push rents to the higher end of the spectrum. This means that the range of €700 to €1,200 caters to different preferences and budgets, offering a broad spectrum of choices.
Whether you're looking for a budget-friendly option or a more luxurious setting, Brittany's rental market has something for everyone. The diversity in pricing reflects the wide array of available options that can meet various needs.
Sources: Le Figaro Immobilier, Le Figaro Immobilier
5) Second-hand properties in Normandy appreciated by 4% on average in 2024
In 2024, second-hand properties in Normandy appreciated by 4% on average.
Despite a slowdown in transactions, Normandy's charm kept property prices on the rise. The region's appeal, especially to Parisians, played a big role in this trend. This demand pushed the appreciation rate to exceed the national average.
Within Normandy, there were notable differences. In Le Havre, property values stabilized, showing a different pattern compared to other areas. Meanwhile, Caen faced a drop in listings, which led to a significant hike in average prices per square meter.
Normandy's allure isn't just about its landscapes; it's also about its strategic location. The region's proximity to Paris makes it a prime choice for city dwellers looking for a change of pace.
Buyers are drawn to Normandy not only for its beauty but also for its investment potential. The steady appreciation in property values reflects a promising market for those considering a purchase.
Source: A House in Brittany
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6) In 2024, building homes in Brittany and Normandy cost between €1,600 and €2,200 per square meter
In 2024, the cost to build a home in Brittany and Normandy ranged from €1,600 to €2,200 per square meter.
In Brittany, building a house averaged €1,801 per square meter. So, if you're eyeing a typical 115 square meter home, expect to spend about €207,400. Normandy offers a bit of a bargain, with costs at €1,600 per square meter, making a 121 square meter house roughly €192,800.
These numbers highlight how construction costs can swing based on where you are in France. Local factors like labor costs, the availability of materials, and the economic vibe of the region all play a part in these differences.
Sources: Construire Sa Maison
7) Second-hand villas in Normandy sold for €500,000 to €800,000 in 2024
In 2024, second-hand villas in Normandy were sold for €500,000 to €800,000.
Normandy's charm, with its picturesque landscapes and proximity to Paris, makes it a magnet for buyers. This allure, combined with the rise of remote work in 2023, pushed more people to seek homes in serene spots like Normandy, boosting villa demand.
The scarcity of available villas in the region also played a part. With limited properties on the market, competition among buyers grew fierce, naturally driving up prices. This scarcity made each villa a hot commodity.
Economic conditions were favorable too. In 2023, low-interest rates made financing more accessible, encouraging more buyers to invest in Normandy's real estate. This financial ease kept the demand for these properties strong.
For those considering a purchase, it's worth noting that Normandy's appeal isn't just about the scenery. The region offers a unique blend of cultural richness and modern convenience, making it a wise choice for both living and investment.
Whether you're drawn by the beauty or the investment potential, Normandy's real estate market in 2024 was a testament to its enduring appeal and strategic location.
Sources: French Property, Rightmove, My French House
8) Short-term rental properties in Brittany and Normandy reached 85% occupancy rates in 2024
In 2024, rental properties in Brittany and Normandy boasted an impressive 85% occupancy rate for short-term stays.
This success is part of a broader trend, as data from Gîtes de France revealed that short-term rentals in France reached 82% occupancy in July and 89% in August. These peak months show a clear preference for short-term accommodations, especially in popular tourist spots like Brittany and Normandy.
Interestingly, Insee Flash Bretagne noted a decline in domestic tourists in Brittany in 2024 compared to the previous year. Despite this, the demand for short-term stays remained strong, hinting that international tourists filled the gap and contributed to the high occupancy rates.
The diverse range of properties available, such as gîtes and chambres d'hôtes, as highlighted by My French House, likely played a role in attracting a wide array of visitors. This variety offers unique and flexible accommodation options that appeal to different tastes and preferences.
Sources: Gîtes de France, Insee Flash Bretagne
We made this infographic to show you how property prices in France compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
9) Properties in Brittany and Normandy took 80-100 days to sell in 2024
In 2024, properties in Brittany and Normandy took 80-100 days on average to sell.
This extended market time was partly due to a surge in property listings, especially in Brittany, giving buyers more choices and naturally slowing down sales. With more options, buyers could afford to be picky, which meant homes lingered longer before finding new owners.
The market in Brittany was also facing some challenges, with a noticeable drop in transactions. Buyers became more discerning, and sellers had to adjust their expectations to close deals. This shift in dynamics contributed to the longer time properties spent on the market.
Adding to the complexity, the average price per square meter in Brittany increased, which squeezed buyers' purchasing power. As a result, buyers took their time, carefully selecting properties that matched their budgets and needs, further extending the time homes stayed on the market.
These factors combined to create a market where properties in Brittany and Normandy were not moving as quickly as they might have in previous years. The increased listings, coupled with cautious buyers and higher prices, all played a role in the extended market time.
Sources: Neotoa, Actu.fr, Notaire et Breton
10) At least 20% of homes sold in Brittany and Normandy in 2024 were bought as second homes
In 2024, at least 20% of homes sold in Brittany and Normandy were snapped up as second homes.
Brittany has always been a hotspot for second homes, with 12% of all residences being second homes, compared to the national average of 9% in France. This existing trend made it easier for the region to attract more buyers looking for a getaway spot.
The real estate market in Brittany was buzzing with activity, especially in 2023, when there was a 20.3% rise in property listings. This surge included both charming old houses and modern homes, appealing to a wide range of buyers.
In Brittany and Normandy, the demand for homes often outstripped supply, particularly in coastal towns and scenic rural areas. This scarcity made these regions even more attractive for those seeking a second home, driving up the percentage of such purchases.
Buyers were on the hunt for unique and picturesque properties, which are abundant in these regions. This desire for something special likely pushed the numbers of second home purchases higher.
Sources: Connexion France, Actu.fr, My Sweet Immo
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.