Property Prices in France

Property Prices in France

France has long been one of the most popular destinations for expats, but is it still an affordable option when it comes to buying or renting property?

Here we see how average property prices in France compare with the UK and take a look at the average property prices in some of the most popular French destinations.

UK vs France

UK

                  France

Rent Per Month (Mean) In British Pounds

1 Bed Apartment in City 600.00 482.97
1 Bed Apartment outside City 500.00 402.48

Buy Apartment Price (Mean) In British Pounds

Price per m2 in City

2,467.00 3,270.12
Price per m2 outside City 2,000.00 2,575.85

Salaries and Financing (Mean) In British Pounds

Median Monthly Disposable Salary (After Tax) 1,692.40 1,609.91
Yearly Mortgage Interest Rate in Percentages 4.50 4.00

 

Although on the whole France beats the UK in the rental stakes the average cost of buying a property in the nation is higher than in Britain, while average disposable income is slightly lower. However, location is king and property prices vary significantly depending on the area of France you’re considering. To that end we will now compare property prices in 5 of the most popular French locations.

 

Rent Per Month (Mean) In British Pounds
Paris

Bordeaux

Marseille Lyon Nice
1 Bed Apartment in Centre 804.95 435.88 422.60 482.97 482.97
1 Bed Apartment outside of Centre 623.84 379.94 422.60 342.11 429.80
3 Bed Apartment in Centre 2,012.38 1,086.69 965.94 804.95 965.94
3 Bed Apartment Outside Centre 1,207.43 764.71 804.95 563.47 804.95

 

Buy Apartment Price (Mean) In British Pounds
Paris

Bordeaux

Marseille Lyon Nice
Price per m2 to Buy Apartment in City Centre 7,244.58 2,414.86 2,769.04 2,817.34 3,340.56
Price per m2 to Buy Apartment outside City Centre 4,226.01 2,012.38 2,173.37 2,294.12 2,897.83

 

Salaries and Financing (Mean) In British Pounds
Paris

Bordeaux

Marseille Lyon Nice
Median Monthly Disposable Salary (After Tax) 1,891.64 1,066.56 1,328.17 1,287.93 1,272.47
Yearly mortgage Interest Rate in Percentages 4.40 4.25 5.00 4.00 3.50

 

Unsurprisingly Paris came in as the most expensive city to buy or rent property in France, with the French capital proving the priciest in every category.

When it came to renting French property Marseille and Lyon were the cheapest options of our selected locations, but if you’re looking to buy a property in France then Bordeaux is the area where you’ll get the most for your money.

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