Arles : a town enjoying a real boom

Benefiting from its proximity to the Camargue and the Mediterranean shore, Arles also lays claim to cultural and artistic renown that appeals to a growing number of foreign investors.

Currently considered as the capital of contemporary art and Provençal culture, Arles is witnessing an on-going rise in its popularity, especially since the opening of the Luma Foundation, a remarkable arts complex signed Frank O. Gehry. Located at the very heart of Arles, SOMECO Immobilier devotes itself exclusively to sales under the management of Claude André.

“Drawn by the cultural and artistic aura of Arles that radiates throughout Europe, our clients mostly come from other regions, even England, Belgium and Switzerland. These buyers mainly focus on typical Arlesian town houses, built of stone, dating back to the 16th and 17th centuries, and offering attractive architecture on several floors. Today’s prices range from 300,000 to 400,000 € for this type of property. Due to rare availabilities and constantly growing demand, prices have seen a significant rise over the past two years. By way of example, we sold the same house twice last year, seeing a price rise of 10 %. Our market is characterized by a high number of properties offered as seasonal rentals, together with substantial progress in new developments, prized for the tax benefits they propose. Mostly located in the northern part of town and in suburban neighbourhoods, these apartments can be envisaged at around 3,500 € per sq. metre.”

Claude André - SOMECO Immobilier. (04 90 93 56 85)

In Arles, the most sought-after locations are those in the historic centre and the Charbourlet neighbourhood.

“We cover the area around Aix, the Alpilles and Arles, where most home hunts target apartments worth 500,000 € on average. Today’s buyers give priority to properties that have been treated to renovation and require no further work - from 3,000 to 3,500 € per sq.m, or from 1,200 € per sq.m for those awaiting renovation. The town is seeing a phase of remarkable renewal : Arles is now seen as a first-rate artistic and cultural destination, attracting many French and foreign visitors. 70% of searches thus involve second residences, versus 30% concerning year-round homes. Listed as part of UNESCO’s World Heritage, the town centre is the most sought-after location, especially among rental investors and retirees, drawn by the town’s cultural liveliness. The Trinquetaille neighbourhood also appeals to buyers looking for town houses, while the historic centre plays host to the finest private mansions in Arles. Properties benefiting from an outdoor area are also highly-prized, though particularly rare.”

Pierre-André Scandolera Sotheby’s International Realty. (04 90 91 65 13).

With Pierre-André Scandolera at the helm, the Sotheby’s International Realty agency in Aix-en-Provence focuses on sales and will offer seasonal rentals as from 2023.

These articles might interest you :