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Where property prices have risen most in France

Property prices are up all over France this year, but some cities such as Bordeaux have seen more dramatic price increases than others.

Where property prices have risen most in France
Photo: AFP

Buying property in Bordeaux is now more expensive than ever.

According to a study published on Tuesday 30th August by French website seloger.com, the capital of the Gironde region is the French city that has seen the greatest increase in prices this year.

On average prices of property in the south western city are up by 7.1 percent.

That means Bordeaux is now France's fourth most expensive city in which to buy property after Paris, Nice and Lyon. The average price of a property in the city is now up to around €3,571 per square metre which is higher than the average for the rest of the country, which is at around €3,292 per m2.

However, it is not just Bordeaux that has seen its properties skyrocket in price. Prices are up in over 80percent of towns and cities in France and they continue to rise.

Among the cities that have also seen the most significant rise in property prices are Strasbourg and Toulouse, where figures are up by around 4 percent.

READ ALSO: What's so brilliant about Bordeaux

So what's so bloody brilliant about Bordeaux then?

In the French capital, the most expensive city to buy property in, prices rose by around 1.2 percent.

In Lyon property prices roses by a slightly higher margin of 1.9 percent while in Marseille prices did not budge over the last year.

Staying on the south coast the cost of property in Montpellier rose by 2.1 percent and in Nice it shot up by 3.9 percent. 

But not all French cities are conforming to the trend, with some even seeing a dip in house prices. 

Cities such as Rennes, Grenoble and Besancon have had their property prices decrease by between 3 percent and 5 percent over the year.

Generally, however, the property market in France is seeing price increases throughout the country. 

According Michel Mouillart, economy professor at the University of Paris-Ouest and spokesperson of LPI-SeLoger, who carried out the study, “the rise has sped up since the beginning of the summer and the pressure on prices continues to increase.”

Why Bordeaux has seen such a price rise:
 
Bordeaux is not just an aesthetically attractive city, but it boasts Unesco heritage as a town, is set to be ultra-connected thanks to a new high-speed train to Paris. 
 
The city even featured as one of the top ten cities in France in which to invest, according to Explorimmo. 

 

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PROPERTY

How to avoid French property rental scams

Finding a place to live - or even to stay - in France can be difficult, and to make it more complicated scammers often prey on unsuspecting property seekers.

How to avoid French property rental scams

More and more people head online to begin their search for a new rental property in France – whether they’re seeking a long-term rental to live or somewhere just for a few months.

But this can be risky with scammers active in the market – such as the 40-year-old Paris man accused of swindling 64 victims by illegally sub-letting properties that he did not own.

So how can you avoid falling victim to online criminals?

The golden rule

There’s one golden rule: don’t hand over any of your hard-earned cash before you sign a lease. This may seem obvious, but if you have found an ideal property it could be more difficult to say no if the person you think is the landlord, or their representative demands money – perhaps to ‘secure the property’. That’s a red flag, right there.

As is paying for the privilege of viewing a property. A genuine landlord would not charge you just to look round.

It is, however, completely normal to be asked to send documents such as proof of income/legal residency in France before a viewing. While in some countries you view the property and then undergo financial checks, in France landlords often want to see your dossier before they spend their time showing you around.

READ ALSO A beginner’s guide to renting property in France

Low rental

Rental prices can be high, especially in Paris which regularly tops international comparisons of the world’s most expensive cities. It’s therefore tempting to look for a bargain, but that too-good-to-be-true rental price probably is.

If an property ad has a monthly rental price that is lower than you would reasonably expect for a place in a certain area, beware.

Some legitimate reasons for a lower price might be that the property is shared (colocation), is a sub-let (sous-location) or is the short-term rental known as bail mobilité. However, these types of contract all have their own rules and limitations and – in the case of bail mobilitéare not available to everyone.

First contact

Beware of long emails from the ‘landlord’ of a property you’re interested in, especially if they seek to demand certain conditions on property visits.

It has been reported that some criminals try to scam victims into sending deposit money on the strength of a viewing video. If you can’t physically visit a property, wonder why.

READ ALSO What you should know about paying rental deposits in France

Watch where you’re sending your money

If you’re asked to pay any money by cash transfer, Western Union, or to a bank not based in France, watch out. This could be evidence of a scam.

Note also that deposits are dictated by law. The deposit for an unfurnished rental property can only be equal to one month’s rent, while a furnished property deposit is two months’ rent. 

READ ALSO 9 things landlords in France can never ask of tenants

Remember too: sign the lease before you pay even the deposit. 

Contractual obligations

There are rules about French property rental contracts. They must include the landlord’s contact details (or those of the property manager), and include information on the size of the property, co-ownership regulations, asbestos, lead and energy performance diagnostics, and the effective date and duration of the lease. 

Model contracts are simple to find on the internet. Search for contrat location modele

READ ALSO The vital French vocab for renting property

Google Lens

Online reverse search tools such as Google Lens are your friends. You can check to see if photos purporting to show the property you’re interested in are also being used to ‘advertise’ different properties in other towns or cities. 

Online liability

Platforms on which landlords can post properties for rent may also be used by scammers. The platforms themselves have repeatedly said that they are not responsible for content published on their sites.

But some short-term rental platforms – notably Airbnb and Abritel – have in the past been found liable for content on their site.

READ ALSO Renting property in France: Should I go for furnished or unfurnished?

But protect your data

The government’s Dossier Facile website allows prospective renters to prepare and build their rental file, and gather all their supporting documents in one online storage place – and, crucially, watermarks them to protect you “against fraud from unscrupulous owners”.

And if you are a victim

If you are the victim of a fake online ad, you may be able to file a complaint online on the Thesee platform. Alternatively, get in touch with the police. 

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