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as of November 1, 2024, what are the price changes for both the purchase and rental of properties?

Before a new project, it is crucial to clearly understand the directions and prices of the real estate market. It is all the more important to present to you the updated indicators for the month of November 2024. This information results from purchases and rentals of properties in the town of Carros.

Overview of the main real estate markers in Carros, according to Lokimo statistics

Lokimo is a data analytics and AI startup for real estate that provides strategic market data in real time.
Lokimo checks the real estate transaction market once a month in Carros and several other municipalities in . As of November 1, 2024, in the town of Carros, the median price of property sales was €4,599/​m². Over the last three months, the index increased by 1.7%, in line with the annual trend showing an increase of 11.3%. A three-year report on the housing market, based on the index, similarly shows a notable increase of 60.4% in prices. By examining the prices in Carros on November 1, 2024, we must differentiate between houses and apartments: houses were trading at €5,148/m², while apartments reached an amount of €3,762/​m².

The analysis of real estate prices shows a price scale that changes depending on the surface area of ​​the houses: 3-room apartments sell at €6,371/​m², 4-room apartments at €5,560/​m², 5-room apartments reach a price of €4,983/​m². ​m², and properties of type T6 and above are valued at €4,343/​m².

The study of the prices of apartments highlights a gradation according to the surface area: T1s are negotiated at 3,777 €/​m², T2s at 5,311 €/​m², T3s display 3,593 €/​m², while properties of type T4 and above are valued at €3,063/​m².

The real estate market in the town of Carros displays a price per square meter 21.1% lower than that of the Alpes-​Maritimes, where the average is €5,830.

What is the estimated rental cost per m² in Carros for a real estate objective?

To succeed in a rental project, it is important to understand the median rent in the municipality. We offer you below the most recent values ​​provided by our partner Lokimo.

In the town of Carros, the median amount of rent* (excluding charges) for a T1 type accommodation was €17/​m² over the last 4 quarters; concerning a T2 apartment, it was €15/​m²; and for a property of type T3 and above, €14/​m². The median rent amount in Carros (including all areas) was €15/​m² excluding rental charges. In the city, the rental market recorded a downward variation of -5.4% in rent values ​​on an annual basis.

T1s showed a variation of 0% last year while T2s saw their rent vary by +0.1%. At the same time, properties of type T3 and above noted a fluctuation of -10.9%. On a 3-year scale, the analysis of developments shows variations according to the size of the housing: 0% for T1s, -3.6% for T2s, and +14.5% for properties of type T3 and above. .

*The median price is preferred to the average price in this study to better illustrate prices as a whole. Since it is not biased by very high or very low prices, it gives a more accurate picture.

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