Over the past seven years, the real estate market in Bordeaux has experienced significant price growth. This city, renowned for its winemaking heritage and UNESCO World Heritage status, has become one of the most dynamically developing cities in France. Thanks to economic expansion, infrastructure improvements, and increasing tourism, the demand for housing in Bordeaux continues to rise.
In this article, we will explore the main causes of price increases, key real estate trends, and future prospects.
1. Dynamics of Real Estate Prices in Bordeaux
According to real estate agencies, property prices in Bordeaux have risen significantly in recent years.
Average Real Estate Prices per Square Meter in Bordeaux
| Year | Average Price per m² (€) – Apartments | Average Price per m² (€) – Houses |
|---|---|---|
| 2016 | 3,500 € | 3,800 € |
| 2018 | 4,100 € | 4,500 € |
| 2020 | 4,500 € | 5,000 € |
| 2023 | 4,700 € | 5,500 € |
📈 Over seven years, housing prices have increased by approximately 34%, with some areas experiencing growth of 40–50%.
2. Key Causes of Price Growth
2.1. Economic Development of the City
Bordeaux has emerged as a major economic hub in southwestern France. The expansion of the wine industry, job creation, and rising investment in the local economy have boosted housing demand.
2.2. Improved Transport Accessibility
🚄 The launch of the high-speed TGV train in 2017 reduced travel time to Paris to just two hours, making Bordeaux especially attractive for professionals working in the capital but seeking a higher quality of life.
2.3. Rising Tourist Appeal
Bordeaux consistently ranks among Europe’s top tourist destinations. The increasing number of visitors has boosted demand for short-term rentals, encouraging real estate investment.
2.4. Government Modernization Programs
🏗 The city has been actively engaged in urban renewal projects, expanding the public transport network, and enhancing environmental sustainability, making Bordeaux an even more desirable place to live.
2.5. Housing Shortages
Limited land availability in central Bordeaux has resulted in a shortage of new housing, driving prices upward.
3. Price Analysis by Districts in Bordeaux
Real estate prices vary significantly across different districts.
| District | Price per m² (€) – Apartments | Price per m² (€) – Houses |
|---|---|---|
| City Center (Quinconces, Saint-Pierre, Chartrons) | 6,000 – 7,500 € | 7,000 – 9,000 € |
| Residential Districts (Saint-Michel, Victoire) | 4,500 – 5,500 € | 5,500 – 6,500 € |
| Suburbs (Bègles, Talence, Pessac) | 3,500 – 4,500 € | 4,000 – 5,000 € |
🏠 Luxury properties in the historic center remain the most expensive, while suburban areas are gaining popularity among families and investors due to transport expansion.
4. Investment Attractiveness of Real Estate in Bordeaux
Bordeaux remains one of France’s top cities for real estate investment.
4.1. Rental Income Potential
The average rental yield ranges from 3% to 5% annually, while in high-tourism areas, short-term rental yields can reach up to 7%.
4.2. Interest from Foreign Investors
🇪🇺 Buyers from the UK, Germany, Belgium, and China are actively purchasing property in Bordeaux for both personal and investment purposes.
4.3. Growth of Short-Term Rentals
🏡 Platforms like Airbnb and Booking.com have fueled the rental market, particularly in central districts and along the Garonne River waterfront.
5. Future Market Trends and Forecasts
5.1. Expected Slowdown in Price Growth
📉 Analysts predict that by 2027, price growth will slow down, but the market will continue to experience moderate appreciation.
| Year | Projected Price per m² (€) – Apartments | Projected Price per m² (€) – Houses |
|---|---|---|
| 2025 | 4,900 – 5,100 € | 5,700 – 6,000 € |
| 2027 | 5,200 – 5,500 € | 6,200 – 6,500 € |
💡 Key Factors for Continued Growth:
✔ Continued population migration to Bordeaux.
✔ Infrastructure expansion and development of new residential areas.
✔ Strong investor demand.
Conclusion
📌 The growth in Bordeaux’s real estate prices over the past seven years has been driven by:
✔ Improved transport connectivity.
✔ Economic expansion.
✔ Increasing tourist appeal.
✔ Housing shortages.
🔹 Despite high prices, Bordeaux remains an attractive city for living and investment. In the coming years, real estate prices will continue to rise, albeit at a slower pace.
💰 For investors, Bordeaux remains a promising market, particularly in the rental and premium real estate sectors.
