Understanding the ratings and directions of the real estate market is a necessary step before embarking on a new project. Here is the updated information for the month of November 2024, which is based on sales and rentals of properties in Arles.
The master markers of real estate in Arles, provided by Lokimo
Lokimo is a data analytics and AI startup for real estate that provides strategic market data in real time.
Once a month, Lokimo sifts through the state of the housing market in Arles and in all French municipalities. In Arles, the median sales price on November 1, 2024 was €3,105/m². During the last quarter, this indicator recorded an increase of 1.5%, while over a period of one year, it saw a decrease of 1.2%. Examining the real estate index over a three-year cycle, however, highlights a notable increase, with price developments showing 7.3%. The study of the Arles market as of November 1, 2024 highlights price disparities depending on the type of housing: count around €3,090/m² for a house, while apartments cost €3,165/m².
The analysis of real estate prices reports a price scale which depends on the surface area of the houses: T3s sell at €3,215/m², T4s at €3,200/m², T5s reach a price of €3,034/m², and properties of type T6 and above are valued at €2,952/m².
The study of apartment prices reveals a price scale based on size: T1s have a value of €3,524/m², T2s at €3,428/m², T3s reach €2,711/m², while properties type T4 and above are valued at €2,692/m².
Compared to the average for the Bouches-du-Rhône department (around €3,966), the price per square meter in Arles is 21.7% lower.
A rental project on the horizon? Find the prices per m² for rental in Arles
For a rental project, it is important to determine the median rent at which the property will be offered on the market. Discover the latest accessible data from our partner Lokimo.
Within the municipality of Arles, the median amount of rent* (except charges) for T1 type housing amounted to €16 per square meter during the last 4 quarters; for a T2 apartment, it was €12 per square meter; and for a dwelling type T3 and above, €9 per square meter. The median rent in Arles (including all areas) was €11 per square meter (excluding service charges). In the city, rental prices recorded an upward trend of 8.1% compared to the previous financial year.
T1s experienced an evolution of 0% throughout the previous year, while T2s fluctuated by +10.2%. Rentals in category T3 and above also recorded a variation of -4.8%. If we take into account a wider period, the fluctuations observed are as follows: over 3 years, 0% for T1s, +11.1% for T2s, and -1.7% for T3s and above.
*The median price is used here, rather than the average price. Indeed, it is more representative of all prices, because it is less impacted by extreme prices.
