Investing in real estate in France, especially buying a house in France in 2024, has long been enticing for expats eager to embrace the French lifestyle. With its rich culture, breathtaking landscapes, and world-renowned cuisine, France presents a myriad of options for property buyers. As we embark on the journey into 2024, let’s assess the current landscape of the real estate market in France and uncover the top locations to buy a property in France in 2024.
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Is 2024 a good time to buy a house in France?
Market resilience: Despite economic fluctuations worldwide, the French property market has demonstrated resilience, maintaining stable demand and witnessing moderate price growth throughout 2023. This stability indicates the underlying strength of the market and suggests favourable conditions for prospective buyers.
Appealing destination: France continues to be an attractive destination for property buyers, both domestic and international. Its rich cultural heritage, diverse landscapes and renowned quality of life make it a desirable place to own real estate. Additionally, factors such as political stability and well-established legal frameworks contribute to the country’s appeal as a safe and reliable investment destination.
Potential for long-term appreciation: Investing in French real estate offers the potential for long-term appreciation, with property values historically increasing over time. While short-term fluctuations may occur, particularly in response to economic conditions or market trends, the overall trajectory of property prices in France tends to be upward. This makes 2024 an opportune time for buyers looking to capitalise on future appreciation.
Low mortgage rates: One of the key factors contributing to the attractiveness of the French property market in 2o24 is the availability of historically low mortgage rates. According to the Banque de France, borrowing rates are expected to decline in 2024. The Crédit Logement/CSA Observatory reports a decrease in mortgage rates, with January’s average rate at 4.15% down from December’s 4.23%.
Government incentives: Furthermore, government incentives for first-time buyers and property investors add to the allure of buying a house in France in 2024. These incentives may include tax breaks, grants or subsidies aimed at promoting homeownership and stimulating the housing market. Prospective buyers can take advantage of these incentives to make their property purchase more financially advantageous.
> You might be interested in this article: Buying an investment property in France
French real estate trends in 2024
In 2024, French real estate trends are anticipated to prioritise sustainability and eco-friendliness, reflecting a broader global shift towards environmentally conscious living. Buyers are increasingly seeking properties equipped with energy-efficient features, such as solar panels, insulation and smart home technology, to reduce their environmental footprint and lower utility costs.
Furthermore, there is a notable trend towards properties located in smaller towns and rural areas. This shift in driven by a desire for space, tranquility and a slower pace of life especially among urban dwellers seeking refuse from crowded cities. As remote work becomes more prevalent, buyers are embracing the opportunity to live in picturesque countryside settings while maintaining connectivity to urban centres.
Best locations to buy a property in France in 2024
Béziers and Cahors, Occitanie
Nestled in the picturesque Occitanie region, Béziers and Cahors are charming towns offering a relaxed lifestyle amidst stunning landscapes. Both towns boast affordable property prices compared to major cities, making them attractive options for expats seeking a tranquil retreat. The region enjoys a Mediterranean climate, with warm summers and mild winters, ideal for outdoor activities and vineyard tours. Béziers and Cahors are well-connected by train and motorways, with nearby airports in Montpellier and Toulouse, ensuring easy access to other parts of France and Europe.
The average m2 price to buy a property in Béziers in 2024 is 2,101 €.
The average m2 price to buy a property in Cahors in 2024 is 1,7231 €.
If you are interested about living in the Occitanie region, you should download our FREE guide to the region. It’s packed with invaluable insights, local expertise, and practical advice. Click here to download.
Sarlat, Dordogne
Sarlat, located in the scenic Dordogne region, is renowned for its well-preserved medieval architecture, bustling markets, and gourmet cuisine. The town offers a peaceful countryside lifestyle, with a strong sense of community and cultural heritage. Property prices in Sarlat are competitive, making it an attractive options for expats looking to immerse themselves in French countryside living. The region experiences a temperate climate, with mild summers and cool winters, perfect for exploring the surrounding countryside and historic sites. Sarlat is accessible by train and motorway, with Bergerac airport nearby for international travels.
The average m2 price to buy a property in Sarlat in 2024 is 1,904 €.
Bordeaux and surroundings, Nouvelle-Aquitaine
Bordeaux, the capital of the Nouvelle-Aquitaine region, is famous for its world-class wine, gastronomy and vibrant cultural scene. While property prices may be higher in the city centre, the surrounding areas offer more affordable options without compromising on amenities or lifestyle. The region enjoys a moderate climate, with warm summers and mild winters, ideal for exploring vineyards and outdoor activities. Bordeaux is well-connected by train, with the TGV, offering high-speed connections to major cities like Paris. The city also has an international airport, providing easy access to domestic and international destinations.
The average m2 price to buy a property in Bordeaux in 2024 is 4,668 €.
The average m2 price to buy a property in Nouvelle-Aquitaine in 2024 is 3,192 €.
Grasse, PACA
Located in the Provence-Alpes-Côte d’Azur region, Grasse is renowned as the perfume capital of the world, offering a unique blend of history and natural beauty. The town boasts a mild mediterranean climate, with sunny days and pleasant temperatures year-round. Property prices in Grasse vary but can be more affordable compared to coastal cities like Nice and Cannes, making it an appealing option for expats seeking a quieter lifestyle. Grasse is accessible by train and motorway, with Nice Côte d’Azur airport nearby for international travel.
The average m2 price to buy a property in Grasse in 2024 is 3,499 €.
Morzine, French Alps
Morzine, nestled in the French Alps, is a popular ski resort town offering year-round outdoor activities, from skiing and snowboarding in winter to hiking and mountain biking in summer. The town’s picturesque setting, with stunning mountain views and Alpine chalets, attracts outdoor enthusiasts and nature lovers alike. While property prices in Morzine may be higher due to the resort’s popularity, the area offers excellent rental income potential for investors. Morzine is well-connected by road, with motorways linking it to nearby cities like Geneva, and Geneva airport providing international flights.
The average m2 price to buy a property in Morzine in 2024 is 7,221 €.
If you are interested about living in the French Alps, we have also have a FREE regional guide available. Click here to download.
Final notes
The French property market remains ripe with opportunities for those looking to buy a property in France in 2024. Whether you’re an investor or a homeowner, France offers a diverse range of locations to suit different lifestyles and budgets. From charming countryside retreats to vibrant urban hubs, the French real estate landscape is rich and varied, ensuring that there’s something for everyone to fulfil their dream of owning a property in France.
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