The real estate market is showing signs of life, but coastal properties remain a mixed bag. Some areas are complex, even risky, yet offer potential for those who can decipher them, according to a Guy Hoquet observatory study. By analyzing property listings, price per square meter, and rental yields, the study identified the most profitable coastal cities, highlighting specific locations in the Nord and Pas-de-Calais regions.
Northern and Pas-de-Calais Cities Show Strong Investment Potential
Overall, the market is recovering. Sales have seen a slight uptick of 0.1%, while prices per square meter have dipped marginally by 1.8%. Rental offers have increased by 2.6%, and rents themselves have climbed 3.8%. However, this resurgence isn’t uniform, especially along the coast.
- Real estate market shows signs of recovery.
- Coastal markets are complex but offer opportunities.
- Calais in Pas-de-Calais and Dunkirk in Nord identified as profitable emerging markets.
- High-end markets like Cannes offer premium prices and rents.
- Intermediate markets such as Brest offer stability and rental potential.
What are the most profitable coastal cities for real estate investment? The study categorizes profitable cities into three profiles: high-end, intermediate, and emerging markets, with specific cities in Nord and Pas-de-Calais standing out.
High-End Markets Attract Long-Term Investors
Cities in the south, with scarce supply and high demand, command premium prices. Cannes, on the Côte d’Azur, leads with an average price of 11,485 euros per square meter and rents at 24.8 euros per square meter, a 5.7% increase. Antibes, Nice, and Biarritz are also in this category. These locations are considered “safe values” for discerning buyers and long-term investors.
Intermediate Markets Offer Stability and Quality of Life
Coastal areas in Brittany and Normandy appeal to buyers seeking quality of life, stable prices around 3,000 euros per square meter on average, and good rental potential. Brest in Finistère remains accessible at 2,630 euros per square meter, with rents averaging 13.3 euros per square meter, up 2.4%. Quimper and Le Havre are also noted as attractive options for first-time investors or those relocating.
Emerging Markets Present High Profitability
Emerging markets encompass coastal cities that were previously overlooked but are now becoming key investment alternatives. These areas are characterized by lower entry prices, increasing rental demand, and high profitability. In Pas-de-Calais, Calais stands out as the third most attractive city, with an average price of 1,814 euros per square meter and a rental yield of 5.92%. On the northern coast, Dunkirk ranks fifth. A 30.5% drop in available listings has driven a significant price increase of 8.5% to 2,501 euros per square meter and a 9.1% rise in rents to 13.7 euros per square meter. This upward trend signals a market in transition.
