Before a new project, it is essential to understand the trends and prices of the housing market. It is all the more important to offer you the updated indicators for the month of October 2024. This information results from sales and rentals of properties in the city of Villefranche-sur-Mer.
In Villefranche-sur-Mer, the real estate market according to Lokimo figures
Lokimo is a data analytics and AI startup for real estate that provides strategic market data in real time.
Lokimo publishes once a month a census of real estate transactions in Villefranche-sur-Mer as well as in other cities in France. As of October 1, 2024, in Villefranche-sur-Mer, the median sales price was €12,615/m². Over the past three months, this index has seen an increase of 2%, compared to an increase of 5.6% year-on-year. The last 36 months have similarly been marked by a significant increase in the real estate market, with the index showing a variation of 18.4%. To be precise, as of October 1, 2024, the price of a house in Villefranche-sur-Mer was approximately €13,928/m², compared to €11,942/m² for an apartment.
The prices of the houses are as follows: 12,000 €/m² for a T3, 14,009 €/m² for a T4, 13,604 €/m² for a T5, and T6 and more amount to 15,800 €/ m².
For apartments, the price per square meter of T1s is on average €11,850. That of T2s is €10,823. T3s cost €12,222 per square meter and T4s and above are priced at €12,078 per square meter.
Compared to the average for the Alpes-Maritimes department (around €5,722), the price per square meter in Villefranche-sur-Mer is 120.5%.
What should you note about the costs per m² of rental in Villefranche-sur-Mer for a real estate project?
To optimize your investment, take the time to find out about the possible rent for your property on the rental market. On this page we present to you the most recent indices provided by our partner Lokimo.
In the heart of the commune of Villefranche-sur-Mer, the median amount of rent* (except charges) for T1 type housing reached €26.5 per square meter during the last 4 quarters; for a T2 apartment, it was €26 per square meter; and for a home of T3 and + rooms or more, €26 per square meter. The median rent in Villefranche-sur-Mer (including all spaces) was €26 per square meter (excluding service charges). In the municipality, the rental market recorded a downward fluctuation of -11.1% in rent values on an annual basis.
Last year, T1s suffered a variation of -2.4%, while T2s saw a variation of +10.4%. Furthermore, rentals in category T3 and above experienced an increase of +4.7%. On a longer time scale, the changes over 3 years are modulated as follows: -2.4% for T1 type housing, +10.4% for T2s, and +4.7% for properties. classified as T3 and +.
* More representative than an average, the median price indicates here that half of the rental prices have a higher amount and the other half, a lower price.
