Renting and Buying Real Estate in Bordeaux: Key Information

Bordeaux, renowned for its winemaking heritage, historical architecture, and cultural significance, is one of the most attractive cities in France for living and investing in real estate. Thanks to its strategic location, well-developed infrastructure, and high quality of life, Bordeaux offers excellent opportunities for both purchasing and renting properties. Below is an overview of the real estate market in this region.

Key Features of Buying Real Estate in Bordeaux

Real Estate Market

Bordeaux offers a variety of properties, from historic buildings in the city center to modern homes in the suburbs. Prices vary depending on the location:

• Central districts (Saint-Pierre, Les Chartrons): Premium properties range from €5,000 to €7,000 per square meter. These areas are famous for their historic architecture, proximity to landmarks, and excellent infrastructure.
• Residential neighborhoods (Bacalan, Bastide): More affordable options, priced between €4,000 and €5,000 per square meter. These districts attract residents with their convenience and peaceful environment.
• Suburban areas (Mérignac, Pessac): The most budget-friendly options start at €2,500 per square meter, making them ideal for families and those seeking larger spaces.

Legal Aspects of Purchasing

1. Preliminary Agreement: Once a property is selected, the buyer and seller sign a compromis de vente. The buyer typically pays a deposit of 10% of the property’s price.
2. Verification Process: A notary ensures the property is free of legal encumbrances, debts, or restrictions.
3. Finalizing the Purchase: The transaction is completed through the notary, who certifies the ownership transfer upon full payment.

Additional Expenses

Buyers should consider the following additional costs:

• Property transfer tax: Approximately 7% of the property’s price.
• Notary fees: Typically 1–2%.
• Real estate agency commission: Around 3–5% if an agency is used.

Renting Real Estate in Bordeaux

Average Rental Costs

Bordeaux has an active rental market, with prices depending on the type of property and location:

• Studio apartments and one-bedroom flats: €500–€800 per month. A popular choice for students and young professionals.
• 2–3-bedroom apartments: €1,000–€1,500 per month. These are in demand among families and professionals.
• Houses in suburban areas: €1,500–€2,500 per month. Ideal for those who prefer spacious living.

The most sought-after areas are central districts like Saint-Pierre and Les Chartrons due to their historic charm and convenience. More affordable options can be found in neighborhoods such as Bastide or suburban areas like Pessac and Mérignac.

Rental Terms

1. Lease Types: Furnished properties usually have 1-year leases, while unfurnished rentals are signed for up to 3 years with renewal options.
2. Utilities and Taxes: Tenants are responsible for paying utilities (electricity, water) and a residence tax (taxe d’habitation).
3. Deposits and Guarantees: Landlords commonly require a deposit of 1–2 months’ rent and may ask for a guarantor, particularly for international tenants.

Student Rentals

As a university hub, Bordeaux has a high demand for student accommodations. Options include dormitories, small studios, and shared apartments, with prices ranging from €300 to €600 per month, making these choices affordable for most students.

Investing in Bordeaux Real Estate

Investment Opportunities

Bordeaux is a promising city for real estate investment due to its growing rental demand. Key investment options include:

• Short-term rentals: Ideal for tourists and business travelers, though subject to local regulations.
• Long-term rentals: Provide steady income, supported by a large population of students, expatriates, and families.
• New developments: Programs like the “Pinel Law” offer tax benefits for purchasing new properties intended for rental purposes.

Tax Advantages

Investors in Bordeaux can benefit from several tax incentives:

• Reduced income tax: Available for long-term rental income.
• Energy efficiency grants: Financial support for upgrading properties to meet modern environmental standards.

Energy Renovation of Properties

Starting in 2025, stricter energy efficiency standards will be implemented for rental properties in France. Owners of non-compliant properties will be required to make upgrades, or their properties may be excluded from the rental market. Energy efficiency is becoming a critical factor for buyers and investors alike.

Conclusion

Bordeaux is a city that perfectly combines a comfortable lifestyle with attractive investment opportunities. Whether you are looking to buy or rent, the city offers a wide range of options, from historic apartments to modern homes. To ensure a successful transaction, it’s essential to consider the legal and financial aspects and comply with local regulations. Whether for living, renting out, or long-term investment, Bordeaux remains one of the top real estate markets in France.