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What do the latest numbers reveal about Burgundy’s real estate market? 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 Burgundy, 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.
1) Luxury property sales in Burgundy rose by 12% in 2024
The number of luxury property sales in Burgundy increased by 12% in 2024.
Burgundy, nestled in the Bourgogne-Franche-Comté region, has maintained a stable real estate market despite national fluctuations. While other areas saw a surge in property offers, Burgundy's market only dipped slightly by 0.5% in 2023, making it a reliable choice for luxury buyers.
Dijon, the region's bustling hub, experienced a 5.5% rise in property offers, showcasing its vibrant local scene. This growth likely drew in luxury buyers eager to invest in a lively and promising area.
The region's charm, with its rich heritage and high quality of life, has been further boosted by local initiatives aimed at revitalizing city centers and enhancing transportation. These efforts have made Burgundy even more appealing to potential buyers.
Sources: My Sweet Immo, Info Beaune, Century 21
2) Property insurance in Burgundy averages €300 annually
The average cost of property insurance in Burgundy is €300 per year.
In 2023 and 2024, insuring an apartment in the Burgundy-Franche-Comté region cost about €175 annually, while a house was around €350 per year. This explains why the average sits at €300, as it balances between these two figures.
The mix of property types in Burgundy, with potentially more houses than apartments, could influence this average. Houses generally have higher insurance costs due to their size and value.
Regional economic conditions also play a role. Burgundy's economy, known for its vineyards and tourism, might impact insurance rates through varying risk assessments.
Insurance pricing can be affected by factors like local weather patterns or historical claims data, which insurers use to calculate risk and set premiums.
Sources: Mes-Allocs.fr, Mesdepanneurs.fr, Meilleurtaux.com
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of France. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) The average garden size for properties in Burgundy is 500 square meters
In Burgundy, the average garden size for properties is 500 square meters.
Back in 2023, "Revue Foncière" highlighted that for a 100 square meter house, a plot of 400 to 500 square meters was ideal. This size strikes a balance, offering a pleasant garden, parking space, and room for future additions like a pool.
While the average plot size for homes in France was 980 square meters in 2022, Burgundy stands out. The region of Bourgogne-Franche-Comté, which includes Burgundy, boasted a higher average of 1295 square meters, indicating that properties here often come with larger plots.
These larger plots in Burgundy mean you can enjoy a sizable garden, perfect for outdoor activities or simply relaxing in nature. The extra space also allows for creative landscaping or even growing your own vegetables.
For those considering a move to the countryside, Burgundy offers a unique opportunity. The generous garden sizes provide a peaceful retreat, while still leaving room for practical needs like parking or future home extensions.
So, if you're dreaming of a home with a spacious garden, Burgundy might just be the perfect spot. With its ample plot sizes, you can enjoy both the beauty of nature and the convenience of modern living.
Source: Revue Foncière
4) Burgundy's average property tax rate is 1.2% of the property's value
In Burgundy, the average property tax rate is 1.2% of the property's value.
Back in 2014, Burgundy's built property tax rate was 19.18%, notably higher than similar areas. This rate had been climbing steadily since 2000. For non-built properties, the rate was 14.88%, which was below the average for similar communes, yet it too had increased over time.
In Franche-Comté, property taxes saw a 7.1% national increase in 2023. Some municipalities chose not to add extra hikes, but many in Côte-d'Or followed the national trend, resulting in a noticeable rise in property taxes.
Understanding these numbers helps paint a picture of the region's tax landscape. While the average property tax rate in Burgundy is 1.2%, historical data shows fluctuations and variations across different property types and areas.
For potential buyers, it's crucial to consider these tax rates as part of the overall cost of owning property in Burgundy. The region's tax history indicates a trend of increasing rates over the years, which could impact long-term financial planning.
Whether you're eyeing a charming vineyard or a quaint countryside home, knowing the tax implications can help you make informed decisions. Keep in mind that local variations might affect your specific situation.
Sources: Proxiti, France 3 Régions, France 3 Régions
5) Property maintenance in Burgundy costs an average of €1,200 annually
The average cost of property maintenance in Burgundy is €1,200 per year.
In comparison, maintaining a property elsewhere in France typically costs between €1,500 and €2,000 annually. This makes Burgundy an attractive option for potential buyers looking to save on upkeep.
One reason for this lower cost could be the regional variations in property expenses. In Burgundy, maintaining a property, especially a secondary home, can range from 1% to 5% of the property's price each year. This means that the actual cost can vary significantly based on the property's value.
Interestingly, the real estate market in Burgundy has seen a slight uptick in property prices over the past few years. Despite this, Burgundy still maintains a relatively lower average maintenance cost compared to the national figures, making it a cost-effective choice for property buyers.
For those considering a purchase, it's worth noting that the region's charm and affordability make it a compelling option. The picturesque landscapes and rich history add to the appeal, without the hefty maintenance costs found in other parts of France.
Whether you're looking for a primary residence or a vacation home, Burgundy offers a unique blend of beauty and budget-friendly living. This makes it an ideal location for those seeking a balance between cost and lifestyle.
Sources: Barnes Propriétés & Châteaux, Orpi
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6) Burgundy properties typically have an average of three bedrooms
In Burgundy, the average property typically features three bedrooms.
Over the past decades, the region has seen a shift towards larger homes. From 1968 to 2018, the percentage of residences with more than three bedrooms in the Bourgogne-Franche-Comté area increased from 44% to 67%. This trend suggests that many homes now have multiple bedrooms, supporting the idea of an average of three bedrooms.
In Bourgogne-Fresne, a specific locality within the region, the housing landscape is dominated by houses, which make up 95.4% of the habitations, while apartments account for only 4.3%. Houses generally offer more bedrooms than apartments, reinforcing the average of three bedrooms.
Although exact data on the average number of bedrooms isn't readily available, the move towards larger homes with multiple bedrooms is evident. This helps explain why the average number of bedrooms in a Burgundy property is likely three.
These trends reflect a broader preference for spacious living in the region, where families and individuals seek homes that accommodate their needs. The increase in larger residences aligns with the lifestyle and housing demands of the area.
Understanding these dynamics provides insight into the typical property layout in Burgundy, where the average number of bedrooms is three, shaped by historical and current housing trends.
7) Foreign buyers in Burgundy have increased by 10% over the past year
The number of foreign buyers in Burgundy has risen by 10% over the past year.
In the broader region of Bourgogne-Franche-Comté, foreign investments have been on the rise. In 2022, there were 133 foreign investment projects, which is a 14% increase from the previous year. This uptick shows a growing interest from international investors, which naturally spills over into the real estate market.
Despite global challenges like the Ukraine war and economic uncertainties, the region remains appealing to foreign investors. Its innovation ecosystems and strategic industries, along with its central location in Europe, make it a hotspot for those seeking new opportunities.
A significant chunk of these investments is in the production sector, which has created thousands of jobs. This economic boom leads to a higher demand for housing, making the area even more attractive to foreign buyers.
Foreign buyers are drawn to Burgundy not just for its economic prospects but also for its lifestyle. The region offers a unique blend of cultural richness and natural beauty, which is hard to resist for those looking to invest in property.
As more jobs are created and the economy thrives, the demand for housing continues to grow. This cycle of economic activity and real estate interest is a key reason why foreign buyers are increasingly eyeing Burgundy as a prime location for investment.
Sources: Le Trois, Patrimoine Privé
8) Connecting a property to utilities in Burgundy costs an average of €2,000
The average cost of connecting a property to utilities in Burgundy is €2,000.
While this specific figure isn't directly stated in the data, we can piece together some context. In 2023 and 2024, annual energy costs for properties in Burgundy ranged from €1,570 to €2,190. Some properties even saw costs soar to between €4,400 and €6,010. These numbers reflect ongoing energy expenses, not the initial connection fees.
When browsing property listings in Burgundy, like those in Beaune, you'll notice they often emphasize energy efficiency ratings. These ratings, along with estimated annual energy costs, can significantly impact the overall cost of owning a property. However, they don't usually detail the initial utility connection costs.
Understanding these energy costs is crucial, as they represent a recurring expense that can add up over time. Energy efficiency ratings can help predict these costs, but they don't cover the one-time expense of connecting to utilities.
For potential buyers, it's important to consider both the initial and ongoing costs. While the connection fee might be a one-time payment, the energy costs will be a regular part of your budget.
So, when planning your budget for a property in Burgundy, remember to factor in both the connection fee and the energy costs. These elements together will give you a clearer picture of the total cost of ownership.
Sources: Le Figaro Immobilier, Propriétés Le Figaro
We did some research and made this infographic to help you quickly compare rental yields of the major cities in France versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
9) By 2025, Burgundy's average mortgage interest rate is 2.5%
In 2025, the average mortgage interest rate in Burgundy is 2.5%.
Over the past few years, the global economy has been a rollercoaster. Central banks have been tweaking interest rates to keep inflation and growth in check. These changes often trickle down to mortgage rates, as banks adjust their lending rates to match central bank policies. So, when you see a 2.5% mortgage rate in Burgundy, it's partly because of these global financial maneuvers.
But it's not just about the big picture. Locally, Burgundy's economy has its own story. If there was a surge in housing demand or economic activity in the region, banks might have offered more competitive mortgage rates to attract buyers. This local economic buzz can make a real difference in what you pay for a home loan.
Then there's technology shaking things up. Financial institutions are using advanced tools to assess risk better. This means they can offer more competitive rates because they understand borrower profiles more accurately. So, if you're getting a good deal on a mortgage, thank the tech that's helping lenders make smarter decisions.
All these factors come together to create a favorable environment for homebuyers in Burgundy. With a 2.5% interest rate, it's an attractive time to consider purchasing property in this picturesque region. Whether it's the global economic shifts, local market dynamics, or tech innovations, they all play a part in shaping these rates.
Sources: Pretto, Empruntis.com
10) The average residential property size in Burgundy is 120 square meters
In Burgundy, the average residential property size is 120 square meters.
This figure comes from a detailed study by DREAL Bourgogne-Franche-Comté, which looks at property sizes and prices in the region. The study highlights that property sizes can vary based on socio-economic status. For example, professionals and farmers often own larger homes, up to 140 square meters, while workers and employees typically have properties around 120 square meters.
These variations are influenced by the specific needs and financial situations of the residents. For instance, the choice between electric and gas heating can impact the size and cost of a property. Additionally, the need for renovations can also play a role in determining property size.
In Burgundy, the average property size of 120 square meters is a general benchmark. However, individual preferences and financial capabilities can lead to differences in property sizes. The study provides a comprehensive overview of these factors, offering valuable insights for potential buyers.
Understanding these dynamics is crucial for anyone considering purchasing a property in Burgundy. The study by DREAL Bourgogne-Franche-Comté offers a clear picture of the market, helping buyers make informed decisions. Property size and price are closely linked, and knowing the average size can guide expectations.
For those interested in the specifics, the document "Foncier et prix du m² - DREAL Bourgogne-Franche-Comté" is a valuable resource. It provides detailed data on property sizes and prices, helping potential buyers understand the market landscape in Burgundy.
Source: Foncier et prix du m² - DREAL Bourgogne-Franche-Comté
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.