1. “When to sell an apartment in downtown Nantes? »
The real estate market in Nantes has fallen! We note a drop in the prices of old apartments of 7.8% over one year, the price of houses also fell in Nantes over the past year by 9%. The fall in prices became more pronounced towards the end of 2023. Sales volumes fell between 25% and 30% between old houses and apartments, and it seems that we have reached the low plateau of volumes in Nantes, witnessing a slight resumption of the signing of compromises since March 2024.
2. “I am considering buying a house west of Rennes (Saint-Gilles, L’Hermitage or Parthenay-de-Bretagne) and I am wondering if this is the right time to buy? »
House prices have fallen in the inner suburbs of Rennes over the past year (-5.7%), Arnaud. These declines remain under control, and we are not witnessing a collapse in the real estate market. Today you find room for negotiation that no longer existed. Interest rates have also fallen. You may consider purchasing very soon.
3. “Very few offers in the city of Brest regarding T1/T2, or at very high prices. Will prices go down or is it better to go to another city further away but with lower prices? »
Blandine, the figures show that a drop in prices is beginning in Brest. In old apartments, we see a drop of 1.8% over the past year. But prices remain higher than in towns a little further away. If you have no obligation, and if your project is compatible with a purchase a little further away, it is indeed in your interest to look where prices are lower in the crowns.
4. “How is the market in La Baule for houses performing today? »
For the first time in a long time, we have seen a drop in house prices in La Baule, Olivier over the past year. This drop is 3.1%, with a median price of €625,000. Volumes have also fallen since the last quarter of 2023, and follow the department’s trend.
5. “I own land with a sea view in Plougastel-Daoulas. My banker tells me that this region is a very good investment while my notary says no. What is it really? »
A sea view plot of land in Plougastel-Daoulas is indeed a very good investment, Paul. As soon as there is a sea view, the valuation is not the same. The town is in the immediate vicinity of Brest and benefits from the dynamism of the urban area. It is true that on the other side of the Bridge and backing onto Brest, there is the commune of Relecq-Kerhuon, with slightly higher prices, but the value of old houses, for example in Plougastel-Daoulas, is rather high. Afterwards, you must look at the PLU of the municipality to ensure that building is possible in this location.
6. Hello, I am considering buying soon near Lorient, either in Larmor-Plage or in Ploemeur. How will prices evolve? »
Florence, the prices of old apartments in the municipality of Larmor-Plage continued to increase over the period from April 1, 2023 to March 31, 2024 (with a median price of + 14.5% of €5,090/m2), at Ploemeur, on the other hand, the prices of these apartments began to fall slightly last year: – 1.1% over the same period, with a median price of €4,310/m2. For houses, in the commune of Larmor-Plage, the median price continued to increase between April 1 and March 31, 2024, with an increase of 3.1% with prices ranging from €3,760/m2 up to at €5,000/m2 for smaller areas. In the commune of Ploemeur, the increase was more moderate, 1.2% with prices varying for the most part between €3,200/m2 to €3,700/m2.
We see that the decline began at the end of 2023 and has increased since the start of 2024. In terms of perspective, we should not see a very high drop in prices in these municipalities. Since interest rates have also fallen, you can invest now.
7. “I bought a T3 apartment in 2020 (just before Covid) in Saint-Brieuc and at a very advantageous loan rate (around 1.10%) – I am a civil servant, live alone and make ends meet complicated make me think that it would be necessary to resell. What do you think ? »
If this is your main residence, It’s important to look at rent prices in your area, Rachel. Your credit rate is very low, and it will be difficult to return to it in the years to come. On paper, you have done a good job. If the monthly charges are too high, I also invite you to look in your general credit conditions if you have the possibility of extending the duration a little, or to speak to your advisor about it. This can give you some breathing room (but it will increase the overall cost of your credit).
Finally, if the charges linked to the property are too high, combined with your credit, do not let the situation deteriorate and take the lead, by already having your property appraised to see what the possibilities are.
8. “How has the market evolved in La Roche-sur-Yon over the last twelve months? »
We note a slight downward trend in old apartments over the year -1%), Jacques. The price of new homes in the municipality over the last twelve months has continued to increase slightly: + 2%; house prices remained stable.
9. “Hello, I would like to buy land to build a house in the inner suburbs of Nantes (Carquefou, Saint-Sébastien, Rezé). I own a house in Carquefou purchased for €405,000 in 2020 with a credit rate of 1.30%. It doesn’t seem very wise to embark on this operation today, what do you think? »
As for your credit, Nicolas, you benefit from an excellent rate, which we are not about to see again… And even if it is always difficult to imagine what happens next, your credit will most certainly cost you more than that that you have. Furthermore, subscribed in 2020, it is unlikely that it contains a transferability clause. You will therefore have to finance your project at the current rate (depending on your profile between 3.3 and 4%) but you will in any case have the possibility of renegotiating it when the rates are lower. You will also need sufficient savings to reassure the bank, a very important element in the context of the construction of an individual house with a minimum of €10,000 to €15,000 after project.
Regarding prices, prices have fallen in the inner suburbs of Nantes by 6.5% over the past year. It is difficult to give you an outlook on price developments over two years, as there is little visibility, and many factors can influence price developments, including political instability.
10. “Hello. My house bought for €300,000 in Nantes 10 years ago is now estimated at €500,000. Will my children who are starting to look for accommodation also have to almost double the housing budget? »
It is true that prices in Nantes have increased significantly over the last decade and even if budgets have increased since the start of the year, buyers are often forced to cut back on some of their criteria, including the sector or surface area. To remedy this, some banks sometimes extend the duration of the loan to 30 years in order to have a larger budget.
