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Perspective
15/05/2019
Bordeaux and its real estate market has been making rounds in the press for more than 5 years, Aymeric Sabatié-Garat, Associate Director of BARNES Bordeaux, tells us, shedding some light on his city.
For a period, the Bordeaux real estate market experienced an incredible rush, and at the same time, it was very speculative. Investors were constantly looking for properties. Prices rose from 12% to 16% a year. It was called a “turbulent” period, in part linked to the installation of the LGV, a train that connects Paris to Bordeaux in just 2 hours and 4 minutes. Fortunately, today the market has stabilized.
High-end property prices continue to appreciate but in lesser proportions. Though prices for more conventional properties or those in need of renovation are more reasonable. The surge of Parisian buyers, which accounted for about 50% of the clientele, has also calmed.
But don’t think that the real estate market in Bordeaux has fallen asleep. On the contrary, it remains very active and dynamic, with significant demand.
Bordeaux attracts potential buyers with its beauty and the homogeneity of its architecture, much of which has been refurbished. Entire neighborhoods have been renovated, such as the Quais de la Garonne, Chartrons, and mostly Gare Saint-Jean, which was a part of the Euratlantique Program, a national-interest development operation conducted by the EPA (Etablissement public d’aménagement) that forms 2.5 million m2 of housing, offices, and public facilities.
Bordeaux is a human-sized city that offers a beautiful quality of life: a city center partly reserved for pedestrians and bikers, efficient public transportation, famous vineyards, and proximity to the Pyrénées and Atlantic coast.
Our main clients are families, from Bordeaux and elsewhere, Aymeric Sabatié-Garat discloses. They appreciate its quality of life, green spaces, the ocean, and proximity to the Bassin d’Arcachon - where some own a second home - neighborhoods near good schools, and access to transportation for older children to practice independence.
These families are looking for houses of 150 m2 to 200 m2 in the city with outdoor spaces (gardens and/or terraces) from 80 m2 to 200 m2, old amenities with contemporary renovations to enjoy the beauty of the past and the comfort of the future.
The most popular neighborhoods for families are close to the Parc Bordelais or Jardin Public, as well as the neighborhoods of Caudéran, Bouscat where you’ll also find more contemporary-style houses, Saint-Seurin, Croix-Blanche, and Chartrons.
Some of our clientele is also looking for old but beautifully renovated apartments located in the historic district of Bordeaux, mainly in the center of the Triangle d’Or. They hope to acquire an apartment a prestigious 18th or 19th-century stone building with a view or outdoor space. Chartrons offers this type of property, with old features preserved and tastefully renovated. There are also beautiful lofts with generous volumes, rehabilitated from former warehouses and cellars.
We asked Aymeric to play our little game, and define the city in one word: “Bordeaux is looking forward to the future. Bordeaux is constantly thinking about new projects to offer residents the maximum quality of life. So I would say future.”
Under the beautiful Bordeaux sun, the future looks bright for the BARNES Bordeaux team.
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