Since the real estate purchasing power of the French is connected to household income, but also to housing prices, it varies (sometimes considerably!) from one city to another. For €266,800, i.e. the average price of housing in France in 2021, the surface area that can be purchased varies from simple to sevenfold (and even close to eightfold!). And that’s pretty amazing.
For 266,800 euros, we have 7.7 times more m2 in Saint-Etienne than in Paris
According to Seloger.com, all French people are far from equal when it comes to real estate purchasing power. For the year 2021, the LPI-SeLoger Barometer has calculated that the average price of a dwelling, in the old, in France was around €266,800. However, it emerges from the analysis delivered by this same Barometer that the number of square meters that this sum allows you to afford varies depending on the city where you plan to buy.
All things being equal, moreover, by spending 266,800 €, it is possible to become the owner of a dwelling with an area of 23 m² in Paris, whereas by buying in the city of Saint Etiennethese are 179 m², or approximately 7.7 times more, than can be afforded.
49 m2 in Lyon, 54 m2 in Bordeaux, 23 m2 in Saint-Etienne
As you will have understood, in terms of real estate purchasing power, the figures collected by the Barometer highlight significant disparities depending on the city (of more than 100,000 inhabitants, Editor’s note). Clearly, and depending on where you intend to carry out your purchase project, €266,800. That is to say, let us remember, the average cost of a property in the old in 2021 – could be converted into housing of variable surfaces… Indeed, if we exclude the extreme values that are Paris and Saint-Étienne, for €266,800, in 2021, you can acquire:
- 49 m² in Lyon
- 54 m² in Bordeaux
- 57 m² in Nice
- 62 m² in Nantes
- 67 m² in Rennes and Strasbourg
- 72 m² in Toulouse
- 73 m² in Lille
- 77 m² in Montpellier
- 82 m² in Marseilles
- 90 m² in Reims
- 92 m² in Grenoble
- 99 m² in Toulon
- 117 m² in Le Havre
Real estate purchasing power in decline for 2 years
A quick look in retrospect tells us that while the average price of a property – in the old one – increases (from €251,000 in 2019, we went to €265,500 in 2020 then to €266,800 in 2021, Ed), the “purchasable” surface, meanwhile, is dwindling. A few examples of the erosion that has affected real estate purchasing power over the past two years:
- Paris: 1 m² lost since 2019
- Lyon: 1 m² lost
- Saint-Étienne: 1 m² lost
- Rennes: 2 m² lost
- Le Havre: 2 m² lost
- Nice : 4 m² perdus
- Lille: 4 m² lost
- Toulon: 4 m² lost
- Montpellier: 4 m² lost
- Strasbourg: 5 m² lost
- Nantes: 6 m² lost
- Reims: 11 m² lost
On the other hand, it is interesting to note that in some cities, the purchasable area has increased. This is the case in Bordeaux (1 m² gained in 2 years), in Marseille (5 m² gained). Finally, real estate purchasing power is stagnating in Toulouse and Grenoble.
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