According to the French notaires, median prices for houses to the year end of March fell by -2.8%. In contrast, apartment prices remained relatively stable.
That is a far cry from 2021, when prices in many areas rose by over 20%.
As always, however, it is a heterogeneous market, Thus, while some areas recorded significant price decreases in apartments, such as Sables-d'Olonne (-6.7%), others are experienced significant increases, such as Boulogne-sur-Mer (+8.9%), Gruissan (+8.1%) and Saint-Raphaël (+6.9%).
Only two municipalities recorded prices that fell sharply: Biarritz (-4.6%) and Les Sables-d'Olonne (-6.7%).
This disparity can also be observed in the market for houses, where some areas recorded strong increases over one year, such as La Ciotat (+7.4%), while others have experienced strong annual decreases, such as Saint-Pierre-d'Oléron (-12.9%).
The median price per m² of apartments varies, from €1,560 in Boulogne-sur-Mer (€1,300 in 2021), to €5,200 in Cabourg (€4,130 in 2021) and up to €8,830 in Le Touquet-Paris-Plage (€7,880 in 2021).
For houses, the lowest prices are in Boulogne-sur-Mer (€143,000) rising to an average of €780,000 in Antibes (€585,000 in 2021) and €987,900 in Le Touquet-Paris-Plage (€825,000 in 2021).
The following graphic shows the average prices for apartments and houses in a selection of towns, as well as the average percentage price movement in the year to March.
