Real estate in Nantes: first-time buyers, big winners from falling prices

Purchases have restarted since the start of the school year in Nantes, thanks to the contraction in credit rates and a drop in prices of 9.4%, over one year, in September, according to Fnaim. This improvement primarily benefits first-time buyers. “ Our last three studios and 2-room apartments were purchased for around 100,000 euros by first-time buyers, while the investors have disappeared,” observes Michel Cozic, head of Orpi Foncièrement Vous.

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The 3 things to remember about real estate prices in Nantes

-5,7 % : Evolution of the sale price of apartments over one year.

3 360 €/m2: average selling price of an apartment.

14,2 €/m2: average rent for an apartment.

Houses in the inner suburbs are also benefiting from the recovery. “ Since August, demand has picked up strongly in San Sebastián, where large apartments and houses sell for between 2,500 and 3,500 euros per m².illustrates Nathalie Degrez Pottier, director of L’Adresse île de Nantes. Rue de l'Arbalète, this 165 m² building with garden, renovated in 2009, has just found a buyer for 428,000 euros, or 2,600 euros per m². A resurgence of activity that we find in the southern Loire sectors of the banks of the Sèvre and the Morinière park, opposite Rezé (from 3,000 to 4,000 euros per m²) or in Vertoux, where houses of more of 150 m² frequently exceed 500,000 euros. In town, although prices in the center no longer fall, wealthy families still favor houses from the beginning of the 20th century.^e century of the Monselet, Canclaux, Saint-Félix, Saint-Donatien or Saint-Pasquier districts, between 4,500 euros and 5,500 euros per m².

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