Departments bordering the French coastline have literally seen their property prices soar. Whether in Brittany, Aquitaine or the Var, homeowners have been keen to acquire their own little piece of seaside paradise, confirming a major post-pandemic trend: the desire to find a better living environment. But faced with this increase in demand, and against a backdrop of rising mortgage rates, properties are becoming scarce. This is very much the case in the Var, a department which also includes towns such as Toulon, Fréjus, Saint-Tropez, Saint-Raphaël and Hyères; a world-famous department located on the French Riviera and a film makers’ paradise that is popular with buyers from all over the globe.
What are the average property prices in the Var?
According to data collected by MeilleursAgents, within the department prices vary significantly from one property to the next. Prices are particularly high by the sea, in resorts such as Sanary-sur-Mer and Bandol where they average €5,000/sqm. But the region’s highest prices are in Ramatuelle and Saint-Tropez which are twice as expensive as neighbouring towns, exceeding the average property price in Paris (€10,570 /sqm according to the Notaires du Grand Paris) with an average of €15,000/sqm for a house in Ramatuelle and more than €18,000/sqm in Saint-Tropez. Prices have risen by 20% over 5 years, and continue to rise, with many more buyers than available properties...
Luxury villas and relaxation
The property market has experienced an exceptional 2021 with record numbers of sales in France. The Var and its exclusive real estate market are no exception. In fact, exceptional properties, surrounded by countryside, are particularly sought after by purchasers looking for an oasis of calm and a safe investment in times of inflation.
In terms of real estate, luxury villas near a beach or with a pool, set in private leafy grounds are typical of this region. If you want to buy a villa in the Var, whether it is in Grimaud, Gassin or somewhere in between, on a hillside with a beautiful view, or in a waterfront location, you normally have to pay €1 million or in excess of €20 million, depending on the characteristics of the property. And it is the same story for flats, whether it is a split-level property in a luxury residence or bespoke turnkey complex, provided they have a stunning sea view and some outdoor space.
Are you looking for an exceptional property in this beautiful department? Discover our range of exclusive properties in the Var by contacting our Engel & Völkers experts, who are specialists in this sector.