Prices have gone up in Bassin d’Arcachon. Villas are bought at very high prices both in Cap Ferret and Pyla-sur-Mer… Point with Philippe Corrocht, Director of Barnes Bassin d’Arcachon.
Distinctive seaside resorts in the heart of a green lung (more than 6000 hectares of forest), multi-sport activities (golf, windsurfing, water skiing, etc.), especially the mild climate (2100 hours of sunshine per year) … Every single hour from Bordeaux: The Arcachon Basin is teeming with assets, and buyers are not wrong. On top of that, the site was able to take advantage of the health crisis with prices up 40% in just two years.
Preserved idyllic place attracts buyers
But the quality of life and buyers’ appetite for greenery and a certain calm are not the only reason for this madness; The strong allure of Aquitaine, reinforced by the arrival of the LGV in Bordeaux, where Parisians put four hours door-to-door from the aquarium, also has something to do with it!
” Parisians represent 85% of our customersconfirms Philippe Corrocht, director of BARNES Bassin d’Arcachon. These clients want exteriors and other spaces: what was hitherto a market for second homes is becoming a market for semi-primary residences, intended for families who want to take advantage of the region’s assets while working remotely and being able to reach Paris with ease. Demands are flowing while supply is low. The market, very dynamic and tense, attracts buyers from all over France and even from major European capitals. “.
The bot image of the buyer from Bassin d’Arcachon is a “CSP++” (entrepreneur, CEO, start-up, liberal profession, banker, etc.) on top of a budget of 2 to 2.5 million euros and lives in Paris or a major European capital.
Cap Ferret: 30,000 to 50,000 euros / m² for an exceptional villa
Cap Ferret, an outstanding historical figure, Arcachon and the Pyla-sur-Mer Conservation District are still on top of customer orders. But nearby towns are also of great interest, such as La Teste de Buch and Gujan-Mestra. To the north of the basin, Cap Ferret is no longer a seaside resort that only lives on weekends thanks to “on-the-go” Bordelais, even if second homes still account for 63% of the housing stock.
A house can be purchased between 11 and 15,000 euros / m² and an exceptional villa with a view can be bought between 30 and 50,000 euros / m², which roughly corresponds to the levels observed on the Côte d’Azur! Renovation houses sell for more than 800,000 euros and villas with sea views up to several million euros.
“ All parameters are set to continue rising prices over the next decade ‘, thought Philippe Corust. ” This can be compounded by the undeniable allure and scarcity of land, which means supply is struggling to meet demand. In addition, Cap Ferret was well received by “the people”: artists, athletes, TV presenters. We understand them, the city is a veritable pearl kept between ocean and basin, sober and beautiful, that it sets beside Lake Como and Miami in the skies of luxury real estate. “.
Cap Ferret: 6 bedroom villa for sale 9,900,000 euros.
The Conchi de Membo (Above) is a renovated frontline villa. They include: a living room of impressive sizes with incomparable brightness, a spacious equipped kitchen where nothing is missing, 5 bedrooms and an outbuilding with a guest bedroom and several terraces for relaxing by the water.
Arcachon, Bella-sur-Mer: About it 7500 Euro / m²
The south of the basin in particular includes Arcachon and Pyla-sur-Mer. Arcachon, directly connected to Paris by train and equipped with all urban amenities, is a city that is fun in all seasons and accessible to all budgets. It is necessary to plan around 7500€/m² for a house or apartment in the old and between 8500 and 9000€/m² to invest in one of the new rare programmes. Exceptional properties find takers from 15,000 to 17,000 euros / square metre. As everywhere, location is essential, especially in Arcachon due to the exceptional fact that each region corresponds to the season. Ville d’Été, historic and located in the heart of the city, the Ville d’Hiver is built on the heights and dominates the Ville d’Été, the Ville d’Automne (Aiguillon/Saint-Ferdinand district) with its fishermen’s quarter. Its maritime center and the Ville de Printemps (Abatilles / Pereire district) located in the heart of lush greenery.
” The summer city, made up of the city center and its heart, is very popular with retired Parisians, who settle there to take advantage of the nearby station and shops. The price range, depending on the quality of the property, ranges from 8000 to 17,000 euros / m² for apartments, while villas are negotiated between 8000 and 12,000 € / m². The autumn citystretching from Château Deganne to Bassin de la Teste, concentrating around the fishing port and marina l’Aiguillon, offers apartments from 6,500 to 9000 euros / m² and houses from 7,800 € to 11,000 € / m², in a jungle and beach pool environment Philippe Corochet describes.
The Mauresque Park area of the Sainte-Cécile Observatory, away from the hustle and bustle of the beaches, forms the winter town Characterized by its stately villas dating back to the 19th century, typical of “scenic” architecture, it quotes many other styles. The area, which owes a lot to the bankers Émile and Isaac Pieri in the era of the Second Empire, was partially protected in 1943 and was registered as a classified site in 1985. To invest there, it takes 10,000 to 15,000 euros / m².
He adds: Finally, the Spring City It runs from the pier to the chapel, Notre Dame Basilica and around Parc Pereire. This is where the family villas on Pereire Beach – the most beautiful in Arcachon – with large areas, far from the tourist flows. Prices for apartments, which are rare, range from 8,500 to 12,000 euros / m², while villas are for sale in the range of 10 to 12,000 € / m². »
Arcachon – Moulleau sector: villa for sale 4,950,000 euros
Located in the prestigious district of Moulleau at the foot of the most beautiful beach in Arcachon, this luxury property of 320 square meters is perfectly integrated into its green environment. It is distinguished by its very upscale aesthetics and services, generous volumes and particularly bright rooms. The living room opens onto a large very well presented balcony, perfectly landscaped garden and a large swimming pool. She is looking for a buyer at a price of 4,950,000 euros.
Between 10 and 15,000 euros / m² for a villa in Le Bella
A stone’s throw from Arcachon, Pyla-sur-Mer is a veritable cocoon for families who gather over the years, stroll the beach, enjoy luxury hotels, or settle in villas set among pine trees with panoramic views of the basin. The most beautiful view of Cap Ferret and great sunset views. For a villa in Le Pyla you can count between 10 and 15,000 € / m², but those on the “front line” go up to 20,000 € / m². ” Traditionally, property is rare in Pella, with villas being passed down in families most of the time. But we are seeing the market for second homes, occupied in the summer, turning into fertile ground for prime and semi-primary residences Philippe Corocht analyzes.
Gujan-Mestras and La Teste-de-Buch, increasingly included municipalities
Finally, in the south of the basin, the search for municipalities – smaller and less well-known – is increasing. This is, for example, the case of Gujan-Mestras, a town of 20,000 inhabitants, traditionally oriented towards shipyards, oyster farming and port activity. It is bounded on the north by the Arcachon Basin and on the south by the Cazaux-Sanguinet Pond. The La Hume region, which combines oyster farming and yachting, is particularly in demand by potential buyers. The average price for an apartment in Gujan-Mestras is 4500€/m² and the price for a house is 5000€/m².
Arcachon Basin, El Dorado is real despite the crisis
Even if mortgage rates have started to rise again in recent months (at least 0.36% on average between January and May, according to the Crédit Logement/CSA Observatory), the French’s appetite for real estate has never been stronger. If the number of loans granted decreases, the volume of lending remains on the rise. The Bank of France estimates the value of new loans at 25.1 billion euros in April, compared to 24.8 billion euros in March. In other words, there are fewer buyers, but they buy larger and more expensive quantities.
” To deal with this growing demand, Barnes Bassin d’Arcachon must reinvent itselfsays Philippe Corust. Tomorrow’s BARNES advisor will be an asset manager, real estate investment advisor, and architectural expert, able to help buyers plan ahead. He will take care of his client from start to finish of his project, whether it is an acquisition, lease or concierge. The welfare state has taken care of the individual all his life, and the agency of tomorrow will be the welfare agency. »