The attraction of a blue sky almost all year round and beaches makes the prices of real estate flambé up to sometimes unaffordable levels. But all the cities are not as expensive as those of the Gulf of Saint-Tropez or Saint-Jean-Cap-Ferrat.
by
As on the rest of the Mediterranean coast, the prices of the Var coast and the Côte d’Azur have increased in recent months. For the Var, the increase was 8.6 % between 2020 and 2021, but the price increase reached 20.8 % in the past five years, according to the Real estate observatory in Provence (OIP). “It is now necessary to count 3,850 euros per square meter on average in the Var, but we bet on a slowdown in the coming year, in particular due to the increase in interest rates”, plans David Garavagno, president of the Fnaim du var.
Prices on the French Riviera increased by 8.5 % during this same period, according to Welmo, the real estate agency online. “The Côte d’Azur remains the most expensive coast in France with an average real estate price which amounts to 5,591 euros per square meter. Nevertheless, the increase was less strong than on other French coastlines , where the starting prices were lower, “recalls Nicolas Gay, co -founder of Welmo.
Toulon remains affordable
These average prices, however, hide strong disparities: Toulon, the main agglomeration of the Var, remains overall affordable and major rehabilitation work in the city center contribute to restoring the image of this port city. It takes 3,000 euros per square meter for an apartment and 3,900 euros for a house. A 70 square meter apartment located in the port sector, at the foot of the Mourillon market, sells 244,000 euros.
The houses are more expensive: the entry ticket in the Mourillon district is 700,000 euros and it can be much more in the Faron district, on the heights of Toulon, where you have to count not far from two million euros for a beautiful recent villa with a swimming pool and a view of the harbor.
In other districts of the city, it is possible to find a house with a garden from 400,000 euros, especially in the Valbertrand or Font-Pré sector. New programs close to the seafront are also being marketed, especially in the Cap-Brun district, very popular: a ground floor of 63 square meters is, for example, offered by Cogedim at 414,000 euros.
Buying a new apartment in the Var can however be difficult: “old operations, especially those which have been attacked in court, end up going out, but if the commercial figures are good, the offer is rarer than Never “, hammers the Federation of Real Estate Promoters of Provence. It takes an average of 4,500 to 5,500 euros per square meter for new accommodation but more than 6,500 euros per square meter by the sea.
You have 53.01% of this article to read. The continuation is reserved for subscribers.