Opportunities for luxurious living on the Côte Basque

With stocks now being rebuilt, the up-market sector on the Côte Basque and in Les Landes offers a good number of prestigious villas and properties waiting to meet their new owners.

Opportunities for luxurious living on the Co^te Basque With stocks now being rebuilt, the up-market sector on the Co^te Basque and in Les Landes offers a good number of prestigious villas and properties waiting to meet their new owners. An independent group affiliated to Christie’s International Real Estate, Co^te Ouest Immobilier, presided by Nicolas Descamps, has been active for close on 15 years on the Co^te Basque and in Les Landes through three agencies located in Biarritz, Saint-Jean-de-Luz and Hossegor.

says Nicolas Descamps. "However, here at Co^te Ouest Immobilier, we have seen a rebound in the market since the second quarter of 2024, which is being confirmed at the start of 2025 with several proposals for acquisitions already accepted, and sales agreements signed. 2025 thus looks likely to produce higher sales volume, though that does not mean that higher prices are on the cards. Prices look as if they will remain stable." With a larger stock of availabilities, presented at adjusted prices as much as possible with sellers, the market henceforth returns to the hands of buyers who are taking their time to reflect and compare, often taking up their position by making offers on negotiable prices. The majority of transactions orchestrated by Co^te Ouest Immobilier concern high-end properties, on offer from 1.5 million euros. Benefiting from quality appointments, sought-after locations and views, they are prized by a national clientele, Parisian in particular, but also by international buyers displaying their trust thanks to the renown of the Christie’s network : north Americans, Belgians, English, Spanish...

With lower interest rates, shorter completion times, and easier access to mortgages, the Co^te Basque's highly-prized micro-market should return to its cruising speed in 2025. Epecially as high-quality and outstanding properties are now available, such as a master residence of 500 m2 in an enchanting park of 3.45 acres with a pool in Urrugne, near Saint-Jean-de-Luz. Enjoying sumptuous views of the ocean and mountains, it is on the market in the 5 to 6.5 million euro price range. Another exceptional example is a 1930's property in Biarritz, close to the famous Milady beach. In a park of 8,000 m2 with a pool, it was recently treated to renovation throughout. Characterized by its majestic volumes, it is steeped in history and has hosted stars such as Ginger Rogers and Dorothy Malone. This architectural gem is offered for sale within the 6-8 million euro price range.