“It seems obvious that 2023 is a year for correction on our property markets,” says Manager Benoit Blanc.
Bordeaux, back to reality
Radia Amar - 12 September 2023
Following exceptional activity in 2021, the slowdown which began in 2022 is being confirmed this year in Bordeaux with prices undertaking rebalancing acts, depending on the neighbourhood. The market is seeing a kind of lull, though constant interest is being shown in houses with gardens and small apartments in desirable neighbourhoods.
In the Nouvelle-Aquitaine region, the capital of the Gironde hosts almost 260,000 residents in a surface area of 49 sq km. Bordeaux benefits from an attractive city centre, typical of large historic towns, culturally and commercially dynamic. Relying on four decades of experience, acquired in 2012 by Benoit Blanc and based since 2016 at 1 Place Marie Brizard at the heart of the Fondaudège neighbourhood, Blanc Miquel Immobilier proposes a range of real estate services backed by five decades of experience. It benefits from a privileged location in the prized areas of Bordeaux, very close to the Jardin Public, Saint Seurin-Fondaudège, Chartrons, Croix Blanche and Caudéran neighbourhoods. A team of eight handle asset management, orchestrating sales for both residential and professional properties, and providing an efficient rental management service recognized in the city.
“With borrowing rates on the rise, stricter conditions for property ownership, the energy law having an impact on dilapidated properties, and rent controls, the real estate sector is returning to a kind of reality. Even so, I am in no way pessimistic. I do not see the situation as a crisis, but rather as a correction which was regarded as inevitable. Sales are still being completed, though they take longer, and prices are adjusting, adapting to the current set-up. Within this context, our professional services gain in added value. People who contact us are looking for advice and expertise which has been updated given real economics.” In search of shop premises, a permanent home, a pied-à-terre or a rental investment, clients are still on the doorstep.
“Houses with gardens in premium sectors along the Line D of the tramway are the subject of constant demand, along with small surface areas such as apartments with 1 or 2 main rooms in stone buildings of quality, which are still sought-after by investors and first-time buyers, with availabilities currently not meeting demand for this type of property.”
“It seems obvious that 2023 is a year for correction on our property markets,” says Manager Benoit Blanc.
Optimistic and pragmatic, Benoit Blanc faces the months ahead with confidence, aware that the market in Bordeaux is still a sound value.
