it is French buyers who have been
driving market demand.
"The most popular properties within
our portfolio are the small village
houses, between 90,000-120,000
euros. They tend to be snapped up
by locals within a couple of weeks
of hitting the market. International
buyers tend to have larger budgets,
typically between 250,000-300,000
euros. We have had several American
buyers in the last few months who
have been taking advantage of the
strong dollar and I currently have
other buyers from the US searching
in the area.
The region's economy, and
property market, is driven by the
powerhouse that is Toulouse (it
has a GDP of around 30bn euros).
The city has a long history linked
to aviation and is a world leader
in the aeronautics and aerospace
industry. Jean-Louis Verge lives
and works in Muret, south of the city.
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www.leggettfrance.com
"Buyers here tend to be families,
looking for their main residence. In
recent years Muret and its suburbs
have seen its population increase
by 2,500 inhabitants each year. It
is an ideal town for commuting into
Toulouse and we have seen a large
number of new builds sold recently.
There has been huge investment in
regional infrastructure and Muret
itself is a wonderful place to live.
There are many development
opportunities, with some excellent
sites north of Muret, giving direct
access to the A64. We are likely to
see prices rising in 2023 and this
is definitely a location that offers
investment opportunities."
North of Toulouse, Natasja Kovacs
and her team work in the Quercy
Blanc, covering the Lot and Tarnet-Garonne
departments.
"Prices have increased around
7.5% over the last year and since
the pandemic the Lot has seen
a significant increase in French
buyers, which should lead to future
growth. Many are coming from the
major cities within the region, but
we are also seeing buyers from
further afield such as Paris, Lyon
and Bordeaux. They have chosen to
settle in our department to benefit
from the climate, pleasant living
environment and attractive property
prices.
One significant trend is that buyers
here are getting younger. Often they
are benefiting from early retirement
or are planning to do so. The former
are buying permanent homes, whilst
many of the latter are looking for
a second-home to retire to later
in life. We also have benefited
from a fast broadband rollout and
excellent mobile coverage. We are
seeing more "teleworkers" (of all
nationalities) choosing the Lot and
Tarn-et-Garonne. This hasn't always
been the case in rural Quercy.
There has been a reduction in
British buyers, but this has been
compensated for by an increase in
Belgian, Dutch and American buyers.
International purchasers typically
love the old stone properties,
particularly those in the historic
villages such as Montcuq. The issue
here is that we simply don't have
enough stock to meet demand."
Current sales trends
Foix 1,160 euros per m²
Rodez 1,590 euros per m²
Toulouse 3,520 euros per m²
Auch 1,660 euros per m²
Cahors 1,510 euros per m²
Tarbes 1,400 euros per m²
Albi 1,820 euros per m²
Montauban 1,990 euros per m²
*All property prices in this
report are from source
'Notaires de France',
median price of all house
sales between Jan - June
2022. Prices vary by area
- speak with our local
agents to get the most
accurate picture.