If you live in large French cities, you will surely know that it is very difficult to find affordable real estate prices.
In the Paris region, for example, the average price per m² has already exceeded the € 10,000 mark for a long time. Fortunately, there are still a few cities where it is possible to buy and invest in real estate for less than € 2,000 / m².
In this article, we are going to list the 10 French cities where the price of real estate is the cheapest. But before that, we invite you first to find out why it is important to know the prices charged in the real estate market.
Why do you need to learn about real estate prices?
You may not have known it, but some homeowners do not hesitate to sell their real estate at excessive prices.
Indeed, there are still many real estate ads on which we can see that the value of the property is very often overestimated.
That is why we recommend that you always inform yourself about the average prices applied in the market before making a final decision.
This will prevent you from getting ripped off and paying more than you normally should. Knowing the prices will help you above all to better compare the real estate offers on the market and to find the one that suits you best.
Also note that learning about real estate prices can be beneficial for both the buyer and the seller.
And yes, an owner who does not know the prices charged on the market can take the risk of underestimating the value of his property. Of course, that might allow him to sell it faster. But selling real estate for less than it should be is like selling at a loss.
You will certainly have understood it, everyone has an interest in knowing the average price per m² to get a good deal in real estate.
To know the average price in m² of a house or an apartment, just divide its estimated price by its area. For example, a 30 m² apartment sold for € 70,000 has an average price of € 2,333 / m² (70,000 ÷ 30).
Then know that there are different ways to know if this price is higher or lower than the average applied on the market, First you have the sites specializing in real estate expertise.
These sites can help you compare the average prices per m² applied in France by city and region. You also have the online “Patrim” simulator from the Ministry of Finance.
This simulator allows you to estimate the value of a property more efficiently and compare it with market prices. Otherwise, you can contact the departmental chambers of notaries in France directly.
Top 10 cities with the cheapest real estate prices
Discover in this section the ranking of French cities where it is still possible to buy or rent cheap accommodation in 2020.
We will take this opportunity to give you the average purchase prices per m² or rental prices per m² applied in each city. Keep in mind, however, that these figures are only approximate since prices are constantly changing.
If you like living in Hauts-de-France, you will certainly enjoy yourself in Saint Quentin. Note that the average price per m² of real estate in the cheapest French city of all is estimated at € 1,000.
Rents are estimated at around 9 or 10 € / m² on average.
After having occupied the first place for a very long time, Saint-Etienne becomes the second cheapest city in France.
The average purchase price of a home in Saint-Etienne is estimated at € 1,100 . If you plan to rent a house or an apartment there, you will have to count a good ten euros per m².
The famous port city in northern France comes third on this podium. In Calais, vou will have to count a little more than 1,300 € / m² to buy a house or an apartment.
If you are considering a rental, you should plan between 8 or 12 € / m².
Do you prefer to live in the Grand Est of France? In this case, you would do well to move to Mulhouse. In Mulhouse, the average price per m² of real estate is still below € 1,400.
The average rent price is estimated from 9 to 10 € / m².
And yes, Limoges is not only famous for its porcelain. It is also known to be one of the cheapest cities of all when it comes to housing. The average price per m² of real estate is around € 1,450 in Limoges.
For a house or apartment rental, it will take between 8 to 12 € maximum.
Located 410 km southwest of Paris, the city of Niort is also one of the 10 French cities where accommodation is less expensive.
In Niort, it takes a little more than 1,450 € / m² to buy a house or an apartment. Rents are calculated from € 8 / m².
Bourges is not only known for the beauty of its Gallo-Roman architecture but also for its inexpensive accommodation.
There you can still buy a house or an apartment for less than 1,500 € / m². If you are considering a rental, you will need to plan between 8 to 12 € / m².
Located in the Maine-et-Loire department, Cholet is known to be one of the most peaceful towns in eastern France.
The price of real estate is also very interesting since it only takes 1,600 € / m² to acquire a house or an apartment. Rents are accessible from € 10 / m².
Quimper has already been voted second French city where it is good to live in 2017 and understands why. If you also want to move to Quimper and be aware that the price of real estate is still very competitive.
Rents are calculated at from 8 to 11 € / m² and the average purchase price is estimated at 1600 €.
Do you particularly enjoy living in the south of France? Well, know that in Béziers you can buy a house or an apartment from 1,600 € / m².
For those who prefer to be satisfied with a simple rental, the rents are calculated from 10 € / m².