Sustained demand, but a limited number of properties for sale: this explains the sharp increase in prices over the past five years, in the 7e and 8e Marseille districts, the most expensive districts. An increase that reaches almost 43%, according to estimates by Best Agents.
And “this trend could continue, since Marseille has not yet caught up with the average prices of cities like Bordeaux or Lyon”, believes Céline Grégoire-Duchesne, notary at Excen Marseille. Especially since, although the market has calmed down a bit in recent months, these southern districts, located close to the sea, remain very research.
The gap is widening between the least popular sectors, to the north of the city, and the south, with prices now ranging from simple to triple, according to the Observatory of real estate in Provence (OIP), fed by the real estate players in the sector.
Along the Corniche, the Prado beaches then the coast to Les Goudes, the 7e and 8e arrondissements combine the advantages: sometimes spectacular sea views, proximity to schools that are particularly in demand, quality shopping facilities, etc. In addition, the accommodation generally has balconies, terraces, sometimes even gardens. “In the city center, this is rarer, while having an exterior is always part of the roadmap for buyers”notes Béatrice Picq, transaction manager for the real estate agency Cabinet Istria.
More than 10,000 euros
The shortage is aggravated by the low propensity to sell owners, who fear not to find property in the sector. The most expensive arrondissement remains 7e, in particular the districts of Endoume and Roucas-Blanc, appreciated for their houses on the hillside which can enjoy beautiful views of the Mediterranean. It is necessary to count on average between 5,000 and 6,000 euros per square meter, but “there are few properties for sale”explains William Geslin, head of Marseille Sotheby’s International Realty.
“With a sea view, prices can rise above 10,000 euros and approach those of the beautiful Parisian districts – a level that we did not know a few years ago in Marseille”, he wonders. According to the OIP, prices in the Endoume district have increased by 16.9% in one year, those of Roucas-Blanc by 13.4%.
To find a little cheaper in this arrondissement, head towards Saint-Lambert, between Avenue de la Corse and Notre-Dame de la Garde. Prices are around 4,000 to 5,000 euros per square meter. But the increase was still strong in 2022: 14.4%, according to the OIP.
You have 42.11% of this article left to read. The following is for subscribers only.