Price m2 Rennes : Over the past 10 years, prices have experienced remarkable growth. This increase would amount to more than 60% and the average price would have reached €4,280/m². However, in recent months a decline has been felt. So how do you know if it’s time to invest in Rennes?
Price m2 Rennes: estimates as part of the sale
Rennes is located in the department of Ille-et-Vilaine in Brittany. This metropolis officially extends over 50 km² and has a total population of 217,728 inhabitants.
Like most French cities, Rennes has experienced a strong evolution in the prices of its real estate. Below, you will find a representation of it over different periods:
There has been a slight drop of 1.6% in prices over the past three months. However, this drop is negligible compared to the record increase experienced by the metropolis. This attraction for Rennes can be explained by several factors:
- its ranking as the first French city in terms of quality of life
- its cultural program and rich heritage
- its offer around contemporary art
- the effervescence of his student life
This Breton city is therefore appreciated and known for its dynamism. This explains why it attracts so many investors.
Today the real estate prices in Rennes are the following :
| Housing types | Low prices | Median price | High price |
|---|---|---|---|
| Maison | 3 518 €/m² | 5 403 €/m² | 7 531 €/m² |
| Appartement | 2 674 €/m² | 4 097 €/m² | 5 673 €/m² |
When we compare the two, we find that the median price of a house is 31.9% higher than that of an apartment. Houses would therefore be significantly more expensive. However, variations must be taken into account depending on:
- neighborhood
- the number of rooms
- the age of the house
Depending on the neighborhood, the real estate prices in Rennes is the next :
- Beaulieu / Baud – 4 475 €
- Centre – 4 911 €
- Cleunay / Arsenal / Redon – 4 609 €
- Francisco Ferrer / Vern / Pottery – €4,108
- The Blosne – €2,713
- Maurepas / Patton / Les Gayeulles – €4,001
- North / Saint Martin – €4,777
- South / Gare – 4 504 €
- Tabor / Saint Helier – €4,935
- Villejean / Beauregard – €3,499
The center district would therefore be the place where the m² is the most expensive in the city of Rennes.
Depending on the age of the property, we will also see differences. The table below compares the prices between new and old properties.
| Housing types | Low prices | Median price | High price |
|---|---|---|---|
| New housing | 2 893 €/m² | 5 953 €/m² | 7 837/m² |
| Old housing | 2 797 €/m² | 4 291 €/m² | 6 358 €/m² |
Finally, you have to think about looking at the costs according to the number of rooms. This allows you to have a very precise idea of the differences between an apartment and a house.
| Number of rooms in the house | Price m² old | New m² price | Number of apartment rooms | Price m² old | New m² price |
|---|---|---|---|---|---|
| 1 pièce | / | / | 1 pièce | 5 540 €/m2 | 6 909 €/m2 |
| 2 pièce | 7 000 €/m2 | / | 2 rooms | 4 445 €/m2 | 6 107 €/m2 |
| 3 pieces | 5 250 €/m2 | / | 3 pieces | 3 856 €/m2 | 5 625 €/m2 |
| 4 rooms | 4 521 €/m2 | 5 186 €/m2 | 4 rooms | 3 786 €/m2 | 6 242 €/m2 |
| 5 pieces | 5 163 €/m2 | 4 675 €/m2 | 5 pieces | 3 679 €/m2 | 4 967 €/m2 |
| 6 pieces | 4 449 €/m2 | 4 159 €/m2 | 6 pieces | 3 928 €/m2 | / |
| 7 rooms and more | 4 222 €/m2 | 3 204 €/m2 | 7 rooms and more | 3 965 €/m2 | / |
Price m2 Rennes: estimates as part of the rental
According to data compiled by Top agentsthe Rennes building stock would be organized as follows:
- 91.6% of dwellings are main residences
- 2.1% of dwellings are second homes
- 6.3% of dwellings are vacant
These accommodations would include:
- 35.7% of households own their residence
- 62.7% of households renting their residence
Like many other cities, Rennes has more tenants than owners.
Are you interested in renting? Consult the latest estimates made at the level of price per m² in Rennes :
| Rent per m² | Low rent | Median rent | high rent |
|---|---|---|---|
| Rent per m² for an apartment | 10,9 €/m² | 14,8 €/m² | 24,8 €/m² |
| Rent per m² for a house | 11,7 €/m² | 14,6 €/m² | 17,8 €/m² |
| Number of rooms in the house | house rent | Number of apartment rooms | Apartment rent |
|---|---|---|---|
| Studios / 1 piece | 29 €/m2 | Studios / 1 piece | 22€/m2 |
| 2 rooms | 19€/m2> | 2 rooms | 16€/m2 |
| 3 pieces | 16€/m2 | 3 pieces | 13€/m2 |
| 4 rooms | 15€/m2 | 4 rooms | 12€/m2 |
| 5 pieces | 16€/m2 | 5 pieces | 12€/m2 |
| 6 pieces | 14 €/m2 | 6 pieces | 5 €/m² |
| 7 rooms and more | 9 €/m² | 7 rooms and more | 11 €/m² |
Also remember to compare rents by neighborhood:
Top 5 most expensive and cheapest streets in Rennes
The most expensive streets in the Breton metropolis are as follows:
- Rue Waldeck-Rousseau – €5,962
- Rue Honoré de Balzac – €5,934
- Rue François Lanno – €5,911
- Rue Baudelaire – €5,901
- Rue Alfred de Musset – €5,901
The cheapest streets are:
- Place de Serbia – €2,289
- Balkan Park – €2,391
- Poland Avenue – €2,465
- Allee du Gacet – €2,546
- Moravian Villa – €2,654
Comparison of real estate prices in Rennes vs Brittany
According to some data, the price per m² in Rennes would be 27% higher than that of the towns in the department. We therefore offer you a comparative table with the neighboring towns of Rennes:
| Cities | Average m2 price |
|---|---|
| Le Rheu | 3 095 € |
| Vezin-le-Coquet | 3 208 € |
| Noyal-Chatillon-sur-Seiche | 3 278 € |
| Saint-Jacques-de-la-Lande | 3 335 € |
| Montgermont | 3 392 € |
| Chantepie | 3 403 € |
| paced | 3 576 € |
| Bethon | 3 600 € |
| St. Gregory | 4 172 € |
| Cesson-Sevigne | 4 261 € |
| Rennes | 4 280 € |
Rennes property prices: when should you invest?
The real estate stress indicator (ITI) is a good way to know when to invest. This indicator gives the ratio between the quantity of buyers and the quantity of real estate for sale. It is considered that it can influence prices and sales times.
The graphs below represent the tension index of goods offered for sale and goods sold. You have to compare them to know which is the best month to sell or invest in a home.
The optimal month to sell is the one for which the number of goods offered for sale is lower than that of goods sold. Conversely, the best month to buy is the one for which the number of goods offered for sale is greater than that of goods sold.
In Rennes, the optimal time to sell would be in August. While the best month to buy would be July.
When analyzing the real estate market of a city, the borrowing rate must be taken into account. This rate may limit the influence of ITI.
In January 2023, apartments were the most in-demand type of real estate. A total of 950 apartments have been sold. Conversely, only 178 houses were sold over the same period.
Thank you for taking the time to read us. 💚
