- In Bastia, stone as a safe haven would be more than verifiable all around the Citadel © bastia-tourisme
The three-month confinement and the delays in the various new programs have not overcome the desire to buy investors from Bastia. Quite the contrary. The collapse of the market announced by some did not take place, nor did the inflection of prices per square meter! Obviously, a slowdown in transactions was observed, but the market remained very active and prices stable. To say that the Coronavirus has had no impact would not be quite correct. Let us say rather that it forced market players to adapt and redouble their efforts.
Goods that leave in one day in Bastia
What is certain is that at the height of the crisis, the price of goods did not soar (we are on average at 3,000 euros per m²) and that the number of transactions did not necessarily increase. reduced like the skin of sorrow. Especially in the very center of Bastia. On the contrary, the area known as the golden square has even expanded somewhat with a first crown which is becoming more and more coveted. The proof is with the high turnover of advertisements and an incoming good remains for sale very little time. This phenomenon is certainly far from recent, but with the health crisis, it could have faded.
Purchaser looking outside absolutely
Do not think that this real estate “dynamism” applies only to downtown Bastia. Indeed, whether it is the Macchione sector, Saint-Joseph or the Falconaja hospital side … these different areas are popular with potential buyers. In all cases, the criteria for obtaining it have changed somewhat following the confinements known in recent months.
So, one of the main buying criteria now is with an exterior, a now non-negotiable condition. It is with this in mind that many city dwellers no longer hesitate to leave the city to take an interest in municipalities such as Borgo and Lucciana, which have experienced a real boom in real estate. It is therefore not uncommon to see “new neighborhoods” springing up with all the necessary and desirable amenities.
A slightly more complex rental market
In terms of rentals, the situation is quite different and for the lessors, the reality is a little less flourishing, even if the demand is there. At issue: the profile of candidates in the midst of an economic recession. In a region where social housing is sorely lacking, potential tenants are often out of step with the reality of the market and the prices of rental properties.
According to professionals, this situation is not totally attributable to the period, because it is a context that has existed for a while already. As you will have understood, the Corsican real estate market is, to say the least, preserved from the negative fallout from this “damn” Coronavirus. Not necessarily surprising on an Island of Beauty where there has been a tension between supply and demand for a while now.
Mathieu SELLER
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