The hyper-centre of Bordeaux : magnetic appeal

Over the past few years, Bordeaux's popularity has continued to rise. Its attraction lies in quality rehabilitation throughout the city and the recent introduction of the LGV, linking it to Paris in just two hours...

The hyper-centre of Bordeaux : magnetic appeal  - Theme_2187_1.jpg

On the top floor of an historic building in the Golden Triangle, this outstanding apartment has been redesigned by a renowned interior decorator. 2.940.000 €. Coldwell Banker Bordeaux Premium (05 57 34 01 39).

For many long years, Bordeaux was a Sleeping Beauty. Today, the city has changed completely in terms of liveliness, and its appeal has become exponential with major development and renovation of the centre, and the arrival this summer of the High Speed Train Line placing Paris just two hours from the capital of the Gironde.

For Marina Tonneau, manageress of Coldwell Banker Bordeaux Premium, the vitality of Bordeaux's property market is even more flagrant when it comes to the hyper-centre. "Demand far outstrips supply, availabilities are scarce," she explains. "We see five or ten buyers for the same property. At least in the case of homes of quality." She adds that she receives lots of requests for so-called "échoppes", requiring renovation : very long and narrow town houses, usually all on one floor, with small back gardens, originally the homes and workplaces of craftsmen. "You can still find a few in an untouched state, from 500,000 to 600,000 €. If they have already been renovated, they can fetch 800,000 or 900,000 €." Demand is also very high for substantial bourgeois houses, old freestone buildings, and private mansions priced from 1 million euros. One of Coldwell Banker's most recent sales provides a perfect example : a lovely bourgeois house in the town centre, sold in just four days to a buyer who had been searching this kind of property for six months and immediately snapped it up. Marina Tonneau says that, due to rising demand, prices have risen by 15 % over the past year for properties in the city centre. She also points out that buildings in the centre are increasingly sold to investors who renovate and restructure the accommodation to provide apartments they then rent out on short-term rental platforms. Already the city preferred by the French as their main home, Bordeaux is increasingly opening up to tourism. Not wanting to see its centre emptied of its residents, the municipality is very concerned and is reinforcing its controls.

Sophie Barbellion Jalladeau of Sof'Imo shares these observations : "Today's market is very lively. In terms of attractiveness, Bordeaux has made up for a century of lost time. It was living on its past achievements, rather closed-in on itself. Today, the atmosphere has changed, the people of Bordeaux have become aware of the quality of their heritage, and the town is benefiting from fresh energy and in-put from people from other regions, and especially Paris, thanks to the LGV". She explains that the town was sad and unsafe in certain neighbourhoods in the centre, whereas it is now lively and beautiful, as on the "quais", for example. She also mentions that demand for "échoppes", the star property in Bordeaux, is as strong as ever, like that for high-end properties offering quality materials and harmonious facades. In her opinion, prices per sq. metre are impossible to determine due to the vast diversity and varied quality of the buildings. "It is obviously demand that sets the price. And it is our job to estimate the best price so that a property sells within a reasonable length of time."

While "échoppes" and smart town mansions are as highly prized as ever, demand for really unusual properties is also very strong. As confiirmed by Cédric Fourteau of Ateliers, Lofts et Associés. Specializing in exceptional properties, he says that, even here, demand and prices have clearly risen over the past four or five years, more so since 2016. "We mainly offer stone properties with classic architecture dating back to the 17th, 18th and 19th centuries, refurbished in highly contemporary style : lofts or split-level apartments, former wine cellars now transformed, and "échoppes" treated to a makeover." For these properties, one can expect to pay from 5,000 to 9,000 € per sq.m within the triangle formed by the hyper-centre, and from 4,000 to 6,500 € in the centre, depending on the neighbourhood. Cédric Fourteau also mentions that certain areas such as Saint-Michel, Bacalan and the entire right bank were looked down upon until they were attractively rehabilitated over the past few years. Finally, he mentions a new phenomenon : the arrival of ex-pats returning to a region they already know or which seems to be well-suited to the quality lifestyle they have become used to, and that they are looking for in France for when they come home.

Back to contents Lysie Chanel
02/10/2017
You will also like
Hyper-centre of Bordeaux, in higher demand than ever Hyper-centre of Bordeaux, in higher demand than ever Hyper-centre of Bordeaux, in higher demand than ever
Bordeaux's
Bordeaux's "Golden Triangle", a prestigious address The most expensive historic neighbourhood of the capital of the Gironde owes its name to its triangular shape whose high points consist of the Grand Théâtre, Place Gambetta and Place Tourny... Read more >>
Le Moulleau, a village within a town A pleasant, well-known "faubourg" of Arcachon, Le Moulleau has preserved its authenticity, soul and architectural charm, all borne along on a warm, elegant, family atmosphere making it a highly-prized address. .. Read more >>
Le Moulleau, a village within a town
Rising demand for Arcachon Rising demand for Arcachon Rising demand for Arcachon
Caudéran, a town within the town
Caudéran, a town within the town An old commune in the Gironde which became a fashionable neighbourhood of Bordeaux in 1965, Caudéran, known as the "Neuilly of Bordeaux", lies to the west of the city, on the other side of the boulevards. With almost 45,000 residents, Caudéran is the largest and most densely populated neighbourhood in the city... Read more >>
La Teste de Buch, a magnificent heritage South of the Bassin d'Arcachon, La Teste de Buch is comprised of three main urban areas : the traditional village of La Teste-centre, the nautical village of Cazaux, and the seaside resort of Pyla-sur-Mer. All around, nature offers amazing scenery of which residents never tire... .. Read more >>
La Teste de Buch, a magnificent heritage
Pyla-sur-Mer, on-going success Pyla-sur-Mer, on-going success Pyla-sur-Mer, on-going success
The very select
The very select "Golden Triangle" in Bordeaux Bounded by the Cours Georges Clemenceau, the Cours de l'Intendance and the Allées de Tourny, Bordeaux's Golden Triangle is the smartest neighbourhood in the city. Very airy, with wide streets and lots of trees, it appeals to a wealthy clientele and sometimes presents wide divergences in prices. .. Read more >>
Le Moulleau, a highly-prized area Next to Pyla-sur-Mer and just opposite Cap-Ferret, Le Moulleau benefits from an advantageous location. Very popular over the past few years, this address has become a seasonal rendez-vous for the "in" crowd !..... Read more >>
Le Moulleau, a highly-prized area
The right bank of Bordeaux : a choice of enticing residences The right bank of Bordeaux : a choice of enticing residences The right bank of Bordeaux : a choice of enticing residences
The incomparable peninsula of Lège-Cap Ferret
The incomparable peninsula of Lège-Cap Ferret Seventy km from Bordeaux, between the Atlantic Ocean and Bassin d'Arcachon, the peninsula of Lège-Cap Ferret is still well-preserved, despite its on-going success since the early 20th century and very high numbers of visitors throughout the summer season... Read more >>
The hyper-centre of Bordeaux, highly-prized by Parisians Close to cultural and tourist landmarks, the hyper-centre of Bordeaux also offers its residents schools and lots of quality shops. A lively neighbourhood, where demand outstrips supply... Read more >>
The hyper-centre of Bordeaux, highly-prized by Parisians
ST-AUBIN-DE-MEDOC - Properties for sale

ST-AUBIN-DE-MEDOC

342173 €
ARCACHON - Houses for sale

ARCACHON

1050000 €
BLAYE - Properties for sale

BLAYE

597900 €
BORDEAUX - Apartments for sale

BORDEAUX

228800 €
BORDEAUX - Apartments for sale

BORDEAUX

138000 €
GUITRES - Houses for sale

GUITRES

230000 €
More ads