France

Auch

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Real estate insights for Auch

AspectSummary
PopulationApproximately 20,000 residents
Average Property Price€200,000
Rental Yield4.5%
Average Rent€900/month
Occupancy Rate92%
Capital Growth Rate3% annually
Property Tax€1,000/year on average
Transaction Costs7-8% of property price
Expected ROI6% after expenses
Economic Growth ImpactStable growth driven by local industries

Auch FAQ

  • What is the average price of a home in Auch?

    The average price of a home in Auch, France, typically ranges between €150,000 to €250,000, depending on the property type and location within the city. For instance, a three-bedroom house in a residential neighborhood may be priced around €180,000, while a larger family home with a garden could go for approximately €220,000. Apartments in Auch can be found for less, with two-bedroom units usually starting around €120,000. The market has seen some fluctuations, influenced by local amenities and proximity to the historical center, with renovated properties commanding higher prices. Additionally, homes with scenic views or those situated in quieter areas may also attract premiums.

  • What factors influence real estate prices in Auch?

    Real estate prices in Auch are influenced by a variety of factors, most notably location, property type, and local amenities. Properties situated near the historic city center or popular landmarks, such as the Saint-Orens Cathedral, often command higher prices due to their appeal to both locals and tourists. The overall condition and age of the property also play a critical role; well-maintained, modern homes can fetch a premium compared to older properties requiring significant renovations. In addition, the availability of services like schools, healthcare facilities, and public transport impacts demand; neighborhoods with good access to these amenities tend to see higher property values. Seasonal trends affect prices as well, particularly due to the influx of visitors during summer months, which can drive up short-term rental rates in certain areas. Lastly, economic factors like interest rates and local employment opportunities contribute to the buying power of potential homeowners, further shaping the real estate landscape in Auch.

  • How do property prices in Auch compare to nearby towns?

    Property prices in Auch tend to be more affordable compared to nearby towns such as Agen and Montauban. For instance, as of late 2023, the average price per square meter in Auch hovers around €1,600, while in Agen, it can reach approximately €2,100, highlighting a noticeable difference. Montauban, known for its historical charm, sees prices averaging €2,300 per square meter, making it even less accessible for buyers. Despite its status as a regional capital, Auch offers a more budget-friendly option for families and retirees looking for spacious homes, with larger properties available at lower overall prices. Additionally, the cost of living in Auch aligns more closely with these more affordable property prices, which can be appealing for those considering a long-term move.

  • Are real estate prices in Auch increasing or decreasing?

    Real estate prices in Auch have experienced fluctuations in recent years, influenced by various economic factors. In 2022, the average property price was around €1,570 per square meter, showing a slight increase compared to the previous year's €1,500 per square meter. This upward trend can be attributed to the growing appeal of rural living, as more people seek properties in smaller towns following the pandemic. However, in early 2023, there were signs of stabilization, with reports indicating a decrease in demand for larger homes in favor of smaller, economically viable properties. For instance, listings for traditional stone houses, which were priced well above €200,000, have decreased, which might suggest a cooling off in that segment. Additionally, the shift in interest rates has caused some uncertainty in the market, leading potential buyers to adopt a more cautious approach, thus impacting overall price trends in the region.

  • What types of properties are most popular in Auch?

    In Auch, the most popular types of properties include charming historic houses, modern apartments, and rural farmhouses. The city's rich history is reflected in its numerous stone-built maisons, which often feature traditional French architecture, complete with period details like exposed beams and colorful shutters. Many buyers are attracted to the distinct character of these homes, particularly those located near landmarks like the Cathedral of Auch or the picturesque old town. Additionally, contemporary apartments in the city center cater to young professionals and retirees seeking lower maintenance living while remaining close to amenities. On the outskirts, rural farmhouses with expansive land offer a tranquil lifestyle, appealing to those interested in gardening or small-scale farming. Properties with panoramic views of the surrounding countryside also garner interest, as they provide a peaceful retreat while still being within reach of Auch's vibrant community.

  • How does the local economy affect real estate prices in Auch?

    The local economy in Auch, a town in the Gers department of southwestern France, significantly influences real estate prices through various factors such as employment opportunities, income levels, and local amenities. The presence of small to medium-sized businesses, particularly in agriculture and tourism, stabilizes the job market, attracting residents and creating demand for housing. For instance, the annual Armagnac Festival draws tourists, boosting the local hospitality sector and indirectly affecting property values. Additionally, the average income levels in Auch, which tend to be lower compared to larger cities, result in a more affordable housing market; however, this can limit the investment potential and drive up prices cautiously. Public services, such as schools and healthcare, also play a crucial role; areas close to well-regarded institutions may see higher demand, pushing prices up compared to less favorable neighborhoods. Overall, these interconnected economic dynamics shape the real estate landscape in Auch, reflecting the intricacies of local supply and demand.

  • What are the price trends for apartments and houses in Auch?

    Price trends for apartments and houses in Auch have shown moderate fluctuations over the past few years. As of late 2023, the average price for apartments is typically around €1,600 to €1,800 per square meter, while houses generally range from €1,500 to €2,200 per square meter. In specific neighborhoods, such as the historic center, prices can be higher due to the charm and proximity to amenities, with some listings exceeding €2,500 per square meter. In contrast, suburban areas and those slightly further from the center often see lower prices, sometimes dropping to around €1,200 per square meter. A two-bedroom apartment in Auch can fetch anywhere from €100,000 to €150,000 depending on its location and condition, while family homes often start around €200,000 and can go upwards of €350,000 for more spacious options. Overall, the market has been relatively stable, with slight increases in pricing seen in recent quarters.