Buying property in Dordogne?

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What are the price trends and forecasts in Dordogne right now? (January 2026)

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Authored by the expert who managed and guided the team behind the France Property Pack

property investment Dordogne

Yes, the analysis of Dordogne's property market is included in our pack

Dordogne property prices are showing a split market in January 2026, with houses softening while apartments hold firm in key towns like Périgueux and Bergerac.

This article covers the current housing prices in Dordogne, recent price movements, neighborhood trends, and forecasts for 2026 and beyond, and we constantly update this blog post with the latest data.

And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Dordogne.

Insights

  • Dordogne apartments gained roughly 8% in value over the past year while houses dropped about 5%, creating a rare segment divergence in this traditionally house-dominated market.
  • Properties with good energy ratings (DPE A to D) now command a price premium of 10% to 15% in Dordogne compared to similar homes rated F or G, due to 2025 rental restrictions.
  • The Périgueux urban ring, including Coulounieix-Chamiers and Trélissac, is leading price growth in Dordogne because it offers services, jobs, and daily conveniences that remote villages cannot match.
  • Mortgage rates in France have stabilized around 3.2% for 20-year loans in January 2026, down from over 4% in early 2024, restoring buying power for Dordogne property seekers.
  • Dordogne's population reached approximately 417,000 in 2025, with a positive migration balance as remote workers and retirees move in despite a natural decline in births versus deaths.
  • A typical house in Dordogne costs around 200,000 euros in January 2026, roughly three times less than comparable properties in Bordeaux, making it one of France's most affordable departments.
  • Fiber broadband coverage now reaches all 503 communes in Dordogne following the completion of the department's high-speed rollout in 2025, boosting appeal for remote workers.
  • Tourist hotspots like Sarlat-la-Canéda can reach 4,000 euros per square meter, while rural areas in Périgord Vert or Périgord Blanc often stay below 1,200 euros per square meter.

What are the current property price trends in Dordogne as of 2026?

What is the average house price in Dordogne as of 2026?

As of early 2026, the average house price in Dordogne is approximately 200,000 euros (around 210,000 US dollars or 175,000 British pounds), which represents solid value compared to most other French departments.

When you look at price per square meter, houses in Dordogne currently range from 1,640 to 1,850 euros per square meter (around 1,720 to 1,940 US dollars or 1,440 to 1,625 British pounds per square meter), depending on the source and methodology used.

The realistic price range that covers about 80% of property purchases in Dordogne spans from 100,000 to 350,000 euros (roughly 105,000 to 367,000 US dollars or 88,000 to 307,000 British pounds), with cheaper options in rural Périgord Vert and higher prices in tourist towns like Sarlat.

How much have property prices increased in Dordogne over the past 12 months?

Property prices in Dordogne have dropped by approximately 4% overall during the past 12 months, though this masks a significant split between property types.

Houses in Dordogne fell by about 5% year-on-year while apartments actually rose by around 8%, reflecting stronger demand for smaller, town-centered properties that are easier to heat and maintain.

The single most significant factor behind this price movement in Dordogne is the tightening of energy performance requirements, which made older houses with poor DPE ratings less attractive to buyers worried about renovation costs and rental restrictions.

Sources and methodology: we triangulated price movements using Le Figaro Immobilier département data, SeLoger price indices, and the national context from INSEE house price releases. We cross-checked with transaction-based sources and our own proprietary analysis of the Dordogne market. These methods ensure our figures reflect actual market conditions rather than just listing prices.

Which neighborhoods have the fastest rising property prices in Dordogne as of 2026?

As of early 2026, the top three areas with the fastest rising property prices in Dordogne are Coulounieix-Chamiers near Périgueux, Saint-Léon-sur-l'Isle to the west, and Nontron in the northern Périgord Vert area.

These fast-rising communes in Dordogne have experienced annual price growth ranging from 5% to 10%, outpacing the department average by a wide margin as buyers seek accessible towns with services.

The main demand driver behind these fast-rising neighborhoods in Dordogne is their combination of relative affordability, good transport links to Périgueux or Bordeaux, and improving infrastructure like fiber broadband that makes remote work practical.

By the way, you will find much more detailed price ranges across neighborhoods in our property pack covering the real estate market in Dordogne.

Sources and methodology: we identified fast-rising communes using Le Figaro Immobilier département tables, verified against Cerema's DV3F-based dashboard for Dordogne, and cross-referenced with DVF transaction data on data.gouv.fr. We also incorporated our own local market intelligence. This multi-source approach helps distinguish genuine trends from statistical noise in smaller communes.
statistics infographics real estate market Dordogne

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.

Which property types are increasing faster in value in Dordogne as of 2026?

As of early 2026, the ranking of property types by value appreciation in Dordogne places apartments first, followed by renovated townhouses, then turnkey family houses, with older unrenovated houses at the bottom.

Apartments in Dordogne, concentrated mainly in Périgueux and Bergerac, have appreciated by approximately 8% over the past year, making them the clear outperformer in the current market.

The main reason apartments are outperforming in Dordogne is that they offer smaller budgets, lower maintenance costs, better energy efficiency, and easier rental potential, which matters more now that energy regulations have tightened.

Finally, if you're interested in a specific property type, you will find our latest analyses here:

Sources and methodology: we derived the property type ranking from Le Figaro Immobilier segment splits, SeLoger house versus apartment indices, and the Notaires guidance on DPE rental rules. We combined these with our analysis of buyer preferences. This approach captures both price movements and the structural shifts driving them.

What is driving property prices up or down in Dordogne as of 2026?

As of early 2026, the top three factors driving property prices in Dordogne are mortgage rate stabilization around 3%, energy renovation requirements for older homes, and the ongoing appeal of the region for lifestyle buyers and remote workers.

The factor with the strongest upward pressure on Dordogne property prices is improved financing conditions, with mortgage rates now around 3.2% compared to over 4% in early 2024, which has restored purchasing power for buyers in the 150,000 to 300,000 euro range where Dordogne has abundant supply.

If you want to understand these factors at a deeper level, you can read our latest property market analysis about Dordogne here.

Sources and methodology: we identified price drivers using Banque de France credit statistics, Dordogne département infrastructure plans, and Notaires DPE rental guidance. We then verified these align with observed price patterns. This ensures we explain actual market dynamics rather than theoretical factors.

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What is the property price forecast for Dordogne in 2026?

How much are property prices expected to increase in Dordogne in 2026?

As of early 2026, property prices in Dordogne are expected to increase by approximately 2% over the full calendar year, representing a return to modest growth after the recent correction.

Forecasts from different analysts for Dordogne property price growth in 2026 range from flat (0%) in a pessimistic scenario to around 4% in an optimistic scenario, with most estimates clustering around 1% to 3%.

The main assumption underlying most price increase forecasts for Dordogne is that mortgage rates will remain stable around 3% or drift slightly lower, while the French economy avoids recession and grows modestly at around 0.9% to 1.2%.

We go deeper and try to understand how solid are these forecasts in our pack covering the property market in Dordogne.

Sources and methodology: we built our 2026 forecast using the European Commission economic forecast for France, OECD Economic Outlook, and Banque de France projections. We translated the macro baseline into Dordogne-specific outcomes using local segment data. This grounds our forecast in credible official assumptions rather than speculation.

Which neighborhoods will see the highest price growth in Dordogne in 2026?

As of early 2026, the neighborhoods expected to see the highest price growth in Dordogne are the Périgueux urban ring (especially Coulounieix-Chamiers, Champcevinel, and Trélissac), the Bergerac corridor, and selective tourist nodes around Sarlat-la-Canéda.

Projected price growth for these top neighborhoods in Dordogne ranges from 3% to 6% in 2026, well above the department average of around 2%, as buyers concentrate on areas with services and liquidity.

The primary catalyst driving expected growth in these Dordogne neighborhoods is their combination of accessibility, amenities, employment opportunities, and fiber broadband coverage that makes modern living and remote work practical.

One emerging neighborhood in Dordogne that could surprise with higher-than-expected growth is Thiviers in the north, which benefits from improving connectivity and offers character properties at prices well below the department average.

By the way, we've written a blog article detailing what are the current best areas to invest in property in Dordogne.

Sources and methodology: we identified 2026 growth leaders using Le Figaro Immobilier momentum data, Cerema's DV3F dashboard, and département infrastructure plans. We applied a liquidity filter favoring larger towns. This approach prioritizes areas where growth is sustainable rather than driven by thin-market volatility.

What property types will appreciate the most in Dordogne in 2026?

As of early 2026, apartments in Périgueux and Bergerac are expected to appreciate the most in Dordogne, followed by turnkey family houses in commuter belts and renovated townhouses in town centers.

The projected appreciation for top-performing apartments in Dordogne is around 3% to 5% in 2026, continuing their recent outperformance as buyers favor manageable properties with good energy ratings.

The main demand trend driving apartment appreciation in Dordogne is the shift toward smaller, more efficient homes that avoid the renovation costs and energy compliance risks associated with older, larger houses.

The property type expected to underperform in Dordogne in 2026 is unrenovated older houses with poor energy ratings, as buyers increasingly price in the cost and hassle of mandatory upgrades before they can be rented or resold easily.

Sources and methodology: we projected 2026 performance by property type using Le Figaro Immobilier segment data, Notaires guidance on energy rules, and SeLoger price trends. We combined these with our own buyer preference analysis. This ensures forecasts reflect actual demand shifts in the Dordogne market.
infographics rental yields citiesDordogne

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.

How will interest rates affect property prices in Dordogne in 2026?

As of early 2026, the stabilization of mortgage rates around 3% to 3.3% is supporting a gentle recovery in Dordogne property prices after the sharp rate rises of 2023-2024 that pushed rates above 4%.

The current benchmark for French mortgage rates is around 3.2% for a 20-year fixed loan in January 2026, and most forecasters expect rates to remain stable or drift slightly lower through the year as inflation continues to moderate.

In Dordogne, a 1% change in mortgage rates typically affects affordability significantly, with estimates suggesting that each percentage point increase reduces buying power by roughly 10%, which can shift demand from houses to apartments or push buyers toward cheaper communes.

You can also read our latest update about mortgage and interest rates in France.

Sources and methodology: we analyzed interest rate impacts using Banque de France mortgage statistics, Capifrance rate tracking, and the Banque de France mortgage market panorama. We then modeled affordability impacts for Dordogne price bands. This approach connects macro financing conditions to local market outcomes.

What are the biggest risks for property prices in Dordogne in 2026?

As of early 2026, the three biggest risks for property prices in Dordogne are a renewed rise in mortgage rates, stricter energy performance enforcement that accelerates discounts on older homes, and thin-market volatility in small communes where a few transactions can mislead on trends.

The single risk with the highest probability of materializing in Dordogne is energy-related price pressure on older unrenovated houses, as the 2025 ban on renting DPE-G properties is already in effect and the 2028 extension to DPE-F homes is approaching.

We actually cover all these risks and their likelihoods in our pack about the real estate market in Dordogne.

Sources and methodology: we identified risks using Banque de France financing data, Notaires DPE guidance, and Le Figaro's methodology notes on small-area statistics. We assessed probabilities based on policy timelines and market structure. This ensures we highlight risks that are genuinely relevant to Dordogne buyers.

Is it a good time to buy a rental property in Dordogne in 2026?

As of early 2026, it is generally a good time to buy a rental property in Dordogne if you are selective about energy performance and location, with particularly attractive opportunities in Périgueux and Bergerac for long-term rentals or in tourist areas for seasonal lets.

The strongest argument in favor of buying a rental property in Dordogne now is that entry prices remain significantly lower than in larger French cities, mortgage rates have stabilized, and demand from retirees, lifestyle movers, and remote workers continues to support occupancy.

The strongest argument for waiting before buying a rental property in Dordogne is that older properties with poor energy ratings may face further price corrections as DPE restrictions tighten, so rushing into a purchase that requires major renovation could mean overpaying today.

If you want to know our latest analysis (results may differ from what you just read), you can read our assessment on whether now is a good time to buy a property in Dordogne.

You'll also find a dedicated document about this specific question in our pack about real estate in Dordogne.

Sources and methodology: we assessed rental timing using Le Figaro Immobilier price data, Notaires rental restriction guidance, and government policy updates on Pinel. We combined these with rental yield benchmarks from our own research. This provides a balanced view of opportunities and risks for Dordogne investors.

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Where will property prices be in 5 years in Dordogne?

What is the 5-year property price forecast for Dordogne as of 2026?

As of early 2026, property prices in Dordogne are expected to grow by approximately 12% cumulatively over the next five years, bringing a typical 200,000 euro home to around 224,000 euros by 2031.

The range of 5-year forecasts for Dordogne spans from around 5% to 8% in a conservative scenario (slow economic growth, sticky rates) to approximately 18% to 22% in an optimistic scenario (lower rates, strong lifestyle demand, improved connectivity).

The projected average annual appreciation rate for Dordogne property over the next five years is approximately 2.3%, which is modest but consistent with the region's structural appeal and affordability relative to other French departments.

The key assumption most forecasters rely on for their 5-year Dordogne property predictions is that France will maintain moderate economic growth of around 1% to 1.5% annually, mortgage rates will stay in the 2.5% to 3.5% range, and energy retrofits will not become prohibitively expensive.

Sources and methodology: we built the 5-year forecast using OECD Economic Outlook growth baselines, European Commission forecasts, and Le Figaro Immobilier historical patterns. We stress-tested scenarios against different macro assumptions. This grounds our projections in credible official baselines rather than wishful thinking.

Which areas in Dordogne will have the best price growth over the next 5 years?

The top three areas in Dordogne expected to have the best price growth over the next five years are the Périgueux urban area (including Coulounieix-Chamiers, Trélissac, and Champcevinel), the Bergerac corridor with its bastide towns, and selective Périgord Noir nodes around Sarlat-la-Canéda.

The projected 5-year cumulative price growth for these top-performing areas in Dordogne ranges from 15% to 25%, compared to the department average of around 12%, reflecting their stronger fundamentals and deeper buyer pools.

This 5-year outlook for Dordogne is broadly consistent with our shorter-term 2026 forecast, with the same areas leading, though the longer timeframe allows infrastructure improvements like completed fiber coverage and road works to have a more visible impact on prices.

A currently undervalued area in Dordogne with the best potential for outperformance over five years is the northern Périgord Vert around Nontron and Thiviers, where prices remain well below the department average but connectivity is improving and buyers seeking space are beginning to look beyond traditional hotspots.

Sources and methodology: we identified 5-year growth leaders using Le Figaro Immobilier commune data, Dordogne département fiber rollout plans, and Cerema transaction data. We weighted areas by liquidity and infrastructure trajectory. This approach favors sustainable growth over speculative thin-market bets.

What property type will give the best return in Dordogne over 5 years as of 2026?

As of early 2026, the property type expected to give the best total return over five years in Dordogne is a well-located apartment in Périgueux or Bergerac, combining reliable rental income with solid capital appreciation potential.

The projected 5-year total return for top-performing apartments in Dordogne is approximately 25% to 35% when you combine capital appreciation of around 15% to 20% with cumulative net rental yields of roughly 10% to 15% after costs.

The main structural trend favoring apartments in Dordogne over the next five years is the aging population seeking low-maintenance town living, combined with remote workers wanting fiber-connected bases and the energy efficiency advantages of newer or smaller properties.

For buyers seeking a balance of return and lower risk over five years in Dordogne, a renovated townhouse in a service town like Périgueux, Bergerac, or Sarlat offers good appreciation potential, rental flexibility, and the character appeal that sustains demand across market cycles.

Sources and methodology: we estimated 5-year returns using Le Figaro Immobilier appreciation data, rental yield benchmarks from Green Acres market analysis, and INSEE demographic profiles. We combined capital and income components for total return. This gives a fuller picture than appreciation-only forecasts.

How will new infrastructure projects affect property prices in Dordogne over 5 years?

The top three infrastructure developments expected to impact Dordogne property prices over the next five years are the completed fiber broadband rollout across all 503 communes, ongoing RN21 road improvements, and incremental railway connectivity enhancements.

The typical price premium for properties near completed infrastructure in Dordogne is estimated at 5% to 10% compared to similar properties in less accessible locations, with the biggest benefits accruing to rural communes that become "connected" for remote work.

Neighborhoods that will benefit most from infrastructure developments in Dordogne include communes along the RN21 corridor, villages newly served by fiber that can now attract remote workers, and towns within commuting distance of Périgueux or Bergerac that gain from improved road access.

Sources and methodology: we assessed infrastructure impacts using Dordogne département fiber plans, DIR Centre-Ouest RN21 works documentation, and academic research on connectivity premiums. We applied these to Dordogne's specific geography. This links tangible projects to likely price effects.

How will population growth and other factors impact property values in Dordogne in 5 years?

Dordogne's population is projected to grow modestly by around 1% to 2% over the next five years (reaching roughly 425,000 by 2031), with positive migration offsetting natural decline, which should support steady property demand without creating overheating pressures.

The demographic shift that will have the strongest influence on property demand in Dordogne is the continued influx of retirees and pre-retirees seeking affordable space and quality of life, which concentrates demand on houses with gardens and properties in towns with good healthcare and services.

Migration patterns, both domestic from French cities and international from the UK, Netherlands, and Belgium, are expected to add around 2,000 to 3,000 net new residents annually to Dordogne over five years, sustaining demand particularly in the Bergerac area and Périgord Noir.

Property types and areas that will benefit most from these demographic trends in Dordogne are renovated houses with outdoor space in commuter belts, apartments in service towns for aging residents, and character properties in tourist areas that appeal to international lifestyle buyers.

Sources and methodology: we projected population impacts using INSEE Dordogne dossier complet data, Ville-Data population estimates, and France Bleu migration analysis. We linked demographics to property demand by segment. This connects population trends to concrete market implications.
infographics comparison property prices Dordogne

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.

What is the 10 year property price outlook in Dordogne?

What is the 10-year property price prediction for Dordogne as of 2026?

As of early 2026, property prices in Dordogne are projected to grow by approximately 30% cumulatively over the next 10 years, which would bring a typical 200,000 euro home to around 260,000 euros by 2036.

The range of 10-year forecasts for Dordogne spans from around 15% to 20% in a conservative scenario (prolonged economic stagnation, rate volatility) to approximately 45% to 55% in an optimistic scenario (sustained low rates, strong lifestyle demand, successful energy transitions).

The projected average annual appreciation rate for Dordogne property over the next 10 years is approximately 2.7%, slightly above the 5-year rate as compounding effects and infrastructure maturation lift longer-term growth.

The biggest uncertainty factor in making 10-year property price predictions for Dordogne is the evolution of energy performance requirements and renovation costs, which could either accelerate a split between upgraded and unrenovated homes or, if policies soften, allow the older stock to retain more value.

Sources and methodology: we built the 10-year forecast using OECD long-term growth assumptions, European Commission structural projections, and Banque de France macro projections. We stress-tested against policy and rate scenarios. This provides a grounded rather than speculative long-term outlook.

What long-term economic factors will shape property prices in Dordogne?

The top three long-term economic factors that will shape property prices in Dordogne over the next decade are the interest rate environment (determining what buyers can afford), energy transition costs and regulations (affecting older housing stock), and France's overall economic growth trajectory (driving incomes and confidence).

The single long-term economic factor with the most positive impact on Dordogne property values will be continued infrastructure investment in connectivity (fiber and roads), which reduces the isolation penalty of rural living and expands the pool of potential remote-working buyers.

The single long-term economic factor posing the greatest structural risk to Dordogne property values is the potential for energy renovation requirements to become prohibitively expensive, which could strand a significant portion of the older housing stock at depressed values.

You'll also find a much more detailed analysis in our pack about real estate in Dordogne.

Sources and methodology: we identified long-term factors using Banque de France credit mechanics, Notaires energy policy guidance, and Dordogne infrastructure plans. We weighted factors by their likely magnitude of impact. This ensures we focus on what will actually move prices rather than peripheral concerns.

What sources have we used to write this blog article?

Whether it's in our blog articles or the market analyses included in our property pack about Dordogne, we always rely on the strongest methodology we can … and we don't throw out numbers at random.

We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.

Source Why it's authoritative How we used it
INSEE House Price Index (IPLA) INSEE is France's official statistics office and publishes the national reference index for house prices. We used it to anchor Dordogne's local story to the wider France price cycle. We also used its house versus apartment split to interpret segment divergence.
INSEE Dordogne Dossier Complet It's an official INSEE profile with standardized demographic and housing indicators for Dordogne. We used it to ground the demand side in official local facts. We also used it to explain why some towns attract buyers more than others.
DVF (data.gouv.fr) DVF is the French government's reference dataset of recorded property transactions with open access. We used it as the transaction reality check behind any price narrative. We also used it as the benchmark that local dashboards build on.
Cerema DV3F Dashboard for Dordogne Cerema is a public expertise body using DV3F, a standardized and cleaned transaction dataset. We used it to triangulate which communes are structurally expensive. We also used it to support where growth is happening beyond listings.
Banque de France Credit Statistics The Banque de France is the central bank and publishes reference statistics on mortgage credit and rates. We used it to quantify the financing backdrop with rates around 3%. We also used it to explain why affordability pressure eased versus late 2023.
Banque de France Mortgage Panorama It's an official analytical note on French mortgage market structure from the central bank. We used it to describe how France's fixed-rate mortgages affect sensitivity to rate moves. We also used it to explain why rate shifts impact new buyers most.
Banque de France Macro Projections It's the official portal for the Banque de France forecast baseline used in Eurosystem discussions. We used it to frame 2026 scenarios with a credible macro baseline. We also used it to keep forecasts consistent with official economic assumptions.
OECD Economic Outlook (France) The OECD is a major international organization with transparent, widely cited country forecasts. We used it to cross-check the 2026 growth and inflation environment. We also used it to set a reasonable medium-term pace for housing growth.
European Commission Economic Forecast It's an official EU forecast with consistent methods across countries and regular updates. We used it to triangulate 2026 GDP and inflation and the fiscal backdrop. We also used it as a second independent macro baseline.
Service-Public PTZ Guide Service-Public is the French government's official consumer-facing legal and administrative reference. We used it to explain buyer support mechanisms in lower-priced markets like Dordogne. We also used it to keep policy descriptions verifiable.
Ministry (ecologie.gouv.fr) Pinel Page This is an official government page stating the status of a major housing tax incentive. We used it to explain why investor demand may shift in 2025-2026. We also used it in the rental investment section to discuss policy changes.
Notaires DPE Rental Guidance Notaires are a core institution in French property transactions and publish practical legal explanations. We used it to describe the 2025 tightening on renting energy-inefficient homes. We also used it to flag renovation risk in pricing.
Dordogne Département Fiber Plan It's the official département website describing its connectivity program and timelines. We used it to explain why remote work demand is more realistic across rural Dordogne. We also used it in the 5-year outlook for benefiting areas.
DIR Centre-Ouest RN21 Works It's a government infrastructure document with specific funded works and budgets. We used it to support the claim that road accessibility is being upgraded. We also used it to explain why certain corridors see stronger buyer interest.
SeLoger Dordogne Prices SeLoger is a major French portal and clearly labels what its price indicators represent. We used it as a transparent private-sector market thermometer for current prices. We also used it to triangulate price levels against other sources.
Le Figaro Immobilier Dordogne It's a mainstream national publisher showing time-stamped figures and methodology links. We used it for département-wide median prices, 1-year and 5-year changes, and fast-moving communes. We also used it to name concrete hot and cooling towns.
Le Figaro Methodology It explains the data production process, making the figures auditable and transparent. We used it to interpret Dordogne figures correctly as listing-based estimates. We also used it to avoid overstating precision.
Green Acres Dordogne Analysis Green Acres is an established property portal with detailed regional market commentary. We used it to cross-check price levels and market trends. We also used it to understand buyer profiles and regional dynamics.
Capifrance Mortgage Rate Analysis Capifrance is a major French real estate network with detailed mortgage rate tracking. We used it to get current January 2026 mortgage rate benchmarks. We also used it for rate scenario analysis and borrower guidance.
Ville-Data Dordogne Population Ville-Data aggregates official INSEE data into accessible local demographic profiles. We used it to verify current population figures and trends. We also used it to understand demographic drivers of housing demand.

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