Property prices in Toulouse

In Toulouse, sales of old apartments fell by 26% and house sales by 20%. For its part, the market for new buildings remains stagnant.

The 3 facts to remember about property prices in Toulouse

-0.6%: Improvement in the selling price of flats over one year.

3 423 €/m2: average selling price of a flat.

14,8 €/m2: average rent for an apartment.

In Europe’s aviation capital, talk of a recovery in the property market seems premature. “In one year, sales of old apartments fell by 26% and house sales by 20%.worries Frédéric Giral, real estate representative at the Toulouse notaries’ chamber. We have not seen any progress since the beginning of the school year, despite the drop in credit levels that has begun. » However, prices remain stable, at 3,250 euros per m² on average in old buildings. They range from 1,260 euros per m² for the Bellefontaine area in Mirail, to 5,210 euros per m² in the Saint-Etienne department. Durability that does not apply to houses: “When the energy performance audits are downgraded to E or F, the purchase offers drop up to 15% below the asking price”, note to the notary. This is how this 1960’s cubic house is, to be renovated. Although located in the center of the popular Côte Pavée, listed for 570,000 euros, it was sold for 500,000 euros. The same in Croix-Daurade for this other house listed for 370,000 euros and negotiated for 330,000 euros. The new home market is still running low. Not much is being sold anymore and customer withdrawals are hovering around 30%.