Since it is essential to fully understand the economic situation and prices of the real estate market before starting a new project, here are the updated indices for the month of November 2024. This information is based on sales and rentals in Théoule-sur-Mer.
In Théoule-sur-Mer, Lokimo data reveals the current state of the real estate market
Lokimo is a data analytics and AI startup for real estate that provides strategic market data in real time.
Lokimo carries out a monthly analysis of the real estate market in Théoule-sur-Mer and in different cities in France. In Théoule-sur-Mer, real estate purchases on November 1, 2024 reached a median price of €9,259/m². The analysis of the index shows the developments according to the period examined: the last quarter shows an increase of 22.2%, while observing over twelve months, we see a decrease of 6.2%. Over the past three years, property prices have, on the other hand, experienced a significant increase, with the index showing growth of 19.4%. As of November 1, 2024, the cost of a house in Théoule-sur-Mer was approximately €10,760/m², while an apartment could be bought at €7,951/m².
The market for individual houses records a gradation of prices depending on the surface area: T3s come to 8,366 €/m², T4s to 12,898 €/m², T5s reach 10,333 €/m², while properties of type T6 and + have a value of 13,035 €/m².
The apartment market presents a differentiated price structure depending on the type of property: 8,800 €/m² for T1s, 7,225 €/m² for T2s, 8,434 €/m² for T3s, and 9,544 €/m² for homes categorized as T4 and above.
In Théoule-sur-Mer, the price per square meter is 58.8% higher than the Alpes-Maritimes departmental average, which is around €5,830.
A rental investment project? What you should know about rental prices per m² in Théoule-sur-Mer
To carry out a rental project, it is essential to know the rental price at which the property will be put on the market. We offer you an overview of the new figures offered by Lokimo, our preferred partner.
Over the past year in Théoule-sur-Mer, median rents* (without charges) were broken down as follows: €20/m² for a T1, €20.5/m² for a T2, and 30 €/m² for a T3 property and more. The overall median rent for apartments, all sizes combined, was €22/m² (rental costs not included). Rents in the city have seen a downward trend of -15% compared to last year.
T1s showed a variation of -5.7% last year while T2s saw their rent vary by -22.8%. In addition, properties of type T3 and + noted a fluctuation of 0%. Considering a longer duration, we observe the following trends over 3 years: T1s experienced a variation of +2%, T2s recorded +12%, while T3s and above showed +11.4%.
* Since the average price is subject to distortions created by extreme prices, the median price, less sensitive to them, is used as a more judicious marker.
