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Real estate: How to take advantage of price drops in Brittany? Discover the secrets in this exclusive video!

By Sammy Byron , on June 17, 2024 - 3 minutes to read
discover the fears of real estate professionals in bordeaux about a possible market explosion, and the dreaded social consequences.

Do you dream of investing in real estate in Brittany and getting a good deal at the same time? Look no further! This exclusive video reveals all the secrets to taking advantage of the region’s falling prices. Stay tuned, you’re in for a surprise!

Current state of the real estate market in Brittany

In Brittany, including Loire-Atlantiqueproperty prices have been on a downward trend since last autumn. According to notary Nicolas Bosquet, this decline remains moderate and does not represent a total collapse of the market.

Recent figures show a decline of 2,9% for older apartments and 0,7% for houses. Sellers have to adjust to high interest rates and increased difficulty in obtaining bank loans.

Cities most affected by falling prices

Brittany’s major cities are at the forefront of this price decline. In Brest, prices are down by around 2%, while in Rennes they are down by 3.7% for old apartments and 2.5% for houses.

The situation is even more marked in Nantes, with a significant drop of 9% for old houses. Cities such as Quimper and Vannes, although less affected initially, are also seeing significant falls.

Investment opportunities in new homes and land

Although the old housing market is in decline, the new housing sector remains relatively stable, with a moderate increase of 0.9%. Building land, which is becoming increasingly scarce, showed a notable increase of 7,3%.

These conditions create investment opportunities, particularly for those looking to build or buy in sectors where demand remains strong.

Which regions to invest in?

Visit Morbihan presents a special situation. Prices in this département continue to rise, attracting a clientele that is often well-off and less dependent on bank credit.

On the other hand, other departments such as Côtes-d’Armor and Finistère could offer attractive buying opportunities for those ready to invest in properties for renovation or rental.

Overview of political and economic uncertainties

The recent European elections and the dissolution of the French National Assembly have contributed to some instability in the financial markets, making the outlook for sales less clear.

However, a downturn in interest rates, which began at the start of the year, could stimulate a recovery in the Breton property market in the months ahead. Constant vigilance and confidence remain essential assets for navigating this complex environment.

📉 Prices of old apartments down 2.9
🏠 0.7% drop in house prices
💸 High interest rates complicate bank lending
📉 Big drop in Nantes with -9%
📈 0.9% increase in new housing
🌱 Building land up 7.3%
💼 Morbihan remains attractive
🌐 Impact of the European elections
💡 Opportunities in Côtes-d’Armor and Finistère
📉 Big drop in Quimper: -8% for apartments
  • 📉 Take advantage of falling prices in major cities (Rennes, Brest, Nantes)
  • 📈 Consider new-build investment, stable at +0.9%.
  • 💸 Watch interest rates and consider alternative financing
  • 🌱 Look into the possibility of buying building land
  • 💼 Morbihan could be a profitable investment area
  • 🔎 Search for properties to renovate in Côtes-d’Armor and Finistère for potential capital gains

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Sammy Byron

After studying as a specialist in investigative journalism across Europe, I decided to start writing for my own community of Internet users. You can also find my most accurate studies and analyses on the latest trends in the United States. If you are interested in an analysis or a study in collaboration with our Experts, do not hesitate to use the dedicated contact form.

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