3rd May 2022
The notaires have reported on the vertiginous rise in coastal property prices last year.
The Covid pandemic has sent property prices soaring in coastal areas, as city dwellers in France rushed to buy second homes or buy-to-let investment properties.
Price increases of around 20% for houses occurred in many coastal areas, notably along the Atlantic coast in Biscarrosse (29.6%), La Rochelle (+22.2%), Saint-Pierre d'Oléron (+21.9%), Andernos-les-Bains (+21.3%), and Saint-Malo (+20%). In Le Touquet-Paris-Plage apartment prices increased +20.8%, although in many other areas price increases for apartment trailed those of houses. Similar price increases occurred last year in many provincial towns, as we reported recently.