L’Isle-Jourdain, Pujaudran, Mirande… In the Gers, the countryside is no longer profitable

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The Baïse River, in Condom. THIERRY GRUN / ONLY FRANCE VIA AFP

Decryption After the post-Covid euphoria, this department is reconnecting with an essentially local clientele and transactions on modest properties.

By Béatrice Girard

Published on May 10, 2024 at 1:04 p.m.

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Could the Gers, with its postcard landscapes often compared to Tuscany, pay for the excitement of recent years? “We all agreed that the euphoria had been excessive here. People were willing to buy houses remotely, without even having visited them, remembers David Gotti, who runs the L’Occitane Immobilier agency in L’Isle-Jourdain. Today, all this is over, and I must say that I did not expect such a violent backlash. » In this part of Gers neighboring Haute-Garonne, real estate is an almost exact copy of the Toulouse market: not long ago, the communes of Pujaudran and L’Isle-Jourdain, a few kilometers from the aeronautical basin, attracted in mass market executives in the sector looking for campaigns at affordable prices. “To the point that real estate prices had increased by 15% over the last five years! “, recalls Axel Cauquil, who heads the Square Habitat network in the department.

Forgotten villas costing around €500,000 purchased by Airbus employees or Parisians wanting to go green! The goods that are sold today are more modest. “I have just sold a lovely house of 100 m2on a plot of 1,500 m2, for €250,000. Overall, demand for houses rarely exceeds €350,000,” notes David Gotti. Another example of this market becoming more local again, a housing development of…

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