Spotlight on Hossegor and Saint-Jean-de-Luz

“Since the health crisis, the market has soared to new peaks ! Sales are completed extremely rapidly, sometimes after just one visit, often at the asking price, and this for all kinds of properties,”

Caroline Laffontan - Laffontan Immobilier. (06 60 29 45 65)

says this expert working on a tight schedule.

As an example of her recent transactions reflecting the current market, Caroline Laffontan mentions the sale of a house of 130 m² with a garden in Saint-Jean-de-Luz priced at 1.2 million euros with payment over 24 months. Offering 3 bedrooms, it sold at the asking price on its first visit. New regulations aiming to curb the development of furnished tourist accommodation all over the French Basque country could trigger the apperance of new offerings over the coming months, as it specifically concerns owners renting out their holiday homes to a short-stay clientele.

“Some rental investors may well give up their apartments if they no longer provide satisfactory income.” Philippe Thomine-Desmazures, Associate Manager of Barnes Côte Basque comments :

“Traditionally based on holiday homes, the market in Saint-Jean-de-Luz is now also being taken by storm for year-round residences, rental investments (prior to the new regulations of March, 2022 aiming to control the development of furnished tourist accommodation) and classic investments, because they represent bricks and mortar, more reassuring than ever before. Buyers are up against extremely limited availabilities”.

Philippe Thomine-Desmazures - Barnes Côte Basque. (05 59 51 00 08)

Some let themselves be drawn by the neighbouring département of Les Landes, now seeing its popularity rise with a property market posting decisive growth since 2017. A lively tourist destination, it offers lots of assets : a surface area of 9,000 km², 100 km of sandy beaches, the largest forest in France, attractive communes, including the famous Hossegor. What about prices ?

“They are, of course, higher near the ocean, spa or seaside resorts, while remaining more affordable further inland. The northern and eastern parts of Les Landes are more affordable than the west and south. Les Landes can be split into two main sectors : west of the A63 motorway leading to Spain, with the ocean, seaside resorts and rather high prices, then, east of the motorway, the inland part of Les Landes enabling buyers to invest in varied and more affordable properties of quality.

The highest prices are to be found in Hossegor, which draws neighbouring towns and resorts in its wake. Further north, in the “Communauté de communes” of Côte Landes Nature, pressure on real estate is also being felt, especially since the pandemic. Demand for building land and property acquisitions is very high. This is an area with the accent on nature, offering wide open spaces, cycling trails, near the motorway.” Investing in property in small and medium-sized towns in Les Landes is a sound proposition, as prices here are still reasonable compared to those in Saint-Jean-de-Luz.

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