Our 2024 real estate market update

A confirmed recovery for the Bordeaux real estate market

With the lowest transaction volume in 10 years (approximately 775,000 transactions), 2024 will remain the year most impacted by the post-pandemic economic consequences. The high level of interest rates, combined with political and economic uncertainty, made the first two semesters of 2024 a period of wait-and-see for buyers. However, in the last quarter, Bordeaux confirmed its attractiveness with numerous relocation and acquisition projects from late September, driven by falling interest rates and a stable local market. Despite a still complex national and international context, real estate continues to be a safe haven as soon as prospects for a return to normal emerge.Our indicators below illustrate the market evolution over the past two years.

These charts perfectly illustrate the state of the local real estate market. The number of listings of properties for sale in the Bordeaux region has doubled in two years, while the number of buyers has decreased by approximately 76%, which explains the observed price drop (between 5% and 10%), depending on the type and condition of the property (e.g., requiring renovation or minor refreshing).

Average Prices in 2024

In the high-end segment, based on completed sales, average prices are as follows:

By neighborhood

By property type

These figures indicate a decline compared to 2023, with variations depending on the precise location and property characteristics.

Extended Selling Times

This trend reflects lower demand and increased price negotiations, as buyers are more inclined to discuss proposed prices. This situation is also explained by a higher supply on the market, giving buyers a wider selection.

Most sought-after properties

Buyers using the services of our BARNES real estate agencies in Bordeaux and Le Bouscat are showing growing interest in:

• Renovated apartments with terraces or balconies in the city center
• Move-in ready houses with outdoor space
• Homes incorporating eco-friendly solutions such as solar panels or enhanced insulation

Properties requiring renovations are less in demand, which strengthens price negotiations.

A highly sought-after city center

The demand for high-end properties in the city center remains strong due to their immediate proximity to shops, restaurants, public transport, and cultural institutions. Exceptional properties, such as those with terraces or views of iconic monuments, reach prices between €8,000 and €11,000 per square meter.

Among the most popular neighborhoods are: Triangle d’Or, Jardin Public, les Chartrons, Saint-Seurin, and Saint-Genès.

The neighborhoods of Caudéran and Le Bouscat also remain highly sought after by families due to their outdoor spaces and architectural diversity. These areas also provide easy access to quality schools, further enhancing their attractiveness.

A booming suburban market

Communes such as Talence, Bruges, Mérignac, and Pessac are experiencing strong demand due to their accessibility and proximity to Bordeaux and the airport. These areas are also attracting businesses, creating a dynamic real estate market for professionals and families.

The "Entre-Deux-Mers" region, from Bouliac to Langoiran, is becoming increasingly desirable for its charm and attractive prices. These areas offer an ideal living environment for families with access to local services and infrastructure. The development of green spaces and new public facilities further strengthens their appeal.

A strong rental market

Rental demand remains high for quality properties, primarily from foreign clients who stay for a year or two.

Exemples :

• Fully renovated 145 m² house with garden and pool near Parc Bordelais – Rent: €3,850/month
• 149 m² house with garden and garage in Caudéran – Rent: €2,500/month

2025 outlook

Prices are expected to continue stabilizing in 2025, with a potential slight increase in the most sought-after areas. The decline in interest rates should reinforce this trend and revitalize the real estate market.

This post-COVID crisis period will leave a lasting impact on buyers' and sellers' cautious behavior, resulting in a growing yet more stable real estate market.

Bordeaux city center, as well as neighborhoods near parks and schools, remain the most desirable. Sought-after areas on both the left bank and at the gates of Entre-Deux-Mers (10-30 minutes from Bordeaux) are expected to see increasing attractiveness in the coming years.

Bordeaux will continue to welcome families from the Paris region looking for a better quality of life, as well as expatriates and foreigners leaving politically and environmentally unstable global regions.

In 2025, the Bordeaux real estate market will maintain its dynamism, supported by strong demand and the continued appeal of Bordeaux and its surroundings.