Property prices are fed
by transaction numbers,
which in turn are fed by
demand.
The fact that Occitanie is such a
successful region for business means
that the property market has strong
foundations. Employees need a place
to live, new workers are coming into
the area, and a strong economy
boosts tourism by offering plenty of
top-quality shops, restaurants and
amenities. The GDP of Occitanie is
over 159 billion euros and it is the
number one region in France for job
creation.
There are five key regions behind
the region's success:
It is the gateway to southern
Europe and beyond. Ten airports
and a superb motorway/rail network
make it the ideal location for
business.
It has the highest population
growth in France, by 2030 it will have
welcomed an estimated 800,000
new inhabitants from the time you
read this.
OCCITANIE
The economy is a mix of high-tech
and tradition. It is world leading in
terms of aerospace, smart transport,
digital and artificial intelligence.
It is the leading French region
for Research & Development, with
30,000 researchers housed in 13
"innovation clusters".
The talent pool is immense -
the region has 35 prestigious
engineering schools and universities,
with 30% of the population being
under 25 years old.
12 Leggett International Real Estate
When you add in the fact that the
region has 247,000 students (10%
from overseas) you can see why the
demand for student accommodation
is driving prices and rents in the
major cities.
We should not discount the benefits
of having such a strong tourism
industry either. There are 186m
overnight stays in the area, many
people buy a second-home that
they then let out for seasonal
rentals. This is a trend that is likely
to increase as owners look to cover
some of the costs incurred by
Business success
feeds the property
market.