House Prices Brittany
19th July 2023
The notaires in Brittany have published a review of the region's housing market.
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House Prices in Brittany
19th July 2023
The notaires in Brittany have published a review of the region's housing market.
According to the notaires, after several years of exceptional growth, the market is settling down to activity levels commensurate with the period 2011-2016.
They consider the market contraction to be mainly due to the strong increase in interest rates and toughening of other credit conditions.
Most affected are the cities and the coastal areas due to their high prices.
Although sales volumes have slowed by 20% in Q1/23 compared to Q1/22, prices are holding steady for now, and even continue to progress in certain areas.
The following table shows average prices for the top 100 communes in the region, together with the movement in prices over the year to Q1/23.
As can be seen, prices vary by 100% between the highest and lowest priced communes.
However, even this table does not fully reflect the price variations in the region, or even within departments.
In the Côtes d'Armor, for instance, average house prices range from €85,000 in the Bassin de Rostrenen to €320,000 in the Côte d'Émeraude.
Similarly, in Morbihan, prices range from an average of €125,000 in the Bassin de Gourin to €445,000 in Vannes.