It is essential to fully understand the developments and ratings of the real estate market in order to start a new project, which is why here are the updated indicators for the month of December 2024. This information is based on sales and rentals of goods in Vence.
Real estate in Vence: figures gleaned by Lokimo
Lokimo is a data analytics and AI startup for real estate that provides strategic market data in real time.
Lokimo carries out a monthly survey on the real estate market in Vence as well as in different cities in France. In Vence, as of December 1, 2024, the median sales price was €5,153/m². The latest readings for the index show an increase of 8.7% for the past quarter, while over a year, we see growth of 4%. Analysis of the real estate index over the last 36 months also reveals a notable change in prices, with an increase of 12.7%. As of December 1, 2024, figures from the real estate sector in Vence showed price differences depending on the type of housing: around €5,658/m² for houses, compared to €4,500/m² for apartments.
Houses qualified as T3 sell at a rate of €5,200/m². For T4 type houses, the price is set at €5,570/m², while those in the T5 category are available at €5,182/m². Finally, houses T6 and above are valued at €5,950/m².
Prices per square meter of apartments vary according to their size: €5,142 for a T1, €5,000 for a T2, €4,368 for a T3, and €4,173 for accommodation of T4 and more.
Compared to the average for the Alpes-Maritimes department (around €5,872), the price per square meter in Vence is 12.2% lower.
What you absolutely need to know about rental prices in Vence
See below for updated data shared by Lokimo, our trusted partner. It is essential to find out about the median rent in the municipality to make a successful real estate investment.
In Vence, the analysis of rents* over the past year shows median amounts (charges not included) varying depending on the surface area of the rental: €21/m² for a T1, €16/m² for a T2, and 15 €/m² for a T3 and more. The overall median rent for apartments, all sizes combined, was €17/m² excluding rental charges. The city's rental real estate market is showing an upward trend, with an annual fluctuation in rents of 14.2%.
If we study in detail last year's figures according to the types of property, we notice that T2 showed a fluctuation of +13.1% and T3 and above varied by +12.5%. The T1s, however, have not evolved over the last year. Detailed three-year data highlights variations by category and shows that T2s grew by +15.4% and T3s and above showed +18.4%. As for T1s, these have not changed over the last 3 years either.
* 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.
