France

Bernay

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Real estate insights for Bernay

AspectSummary
PopulationApproximately 12,000 residents
Average Property Price€250,000
Rental Yield4.5%
Average Rent€1,000/month
Occupancy Rate85%
Capital Growth Rate3% annually
Property Tax€1,500/year
Transaction Costs7% of property price
Expected ROI6% annually
Economic Growth ImpactStable local economy with growth potential

Bernay FAQ

  • What factors influence real estate prices in Bernay?

    Real estate prices in Bernay, a commune in the Eure department of Normandy, are influenced by several distinct factors. The average property price as of 2023 hovers around €1,500 per square meter, which varies depending on location and property type. For instance, properties in the town center typically command higher prices, ranging from €1,800 to €2,200 per square meter, while suburban areas may see prices drop to around €1,200 per square meter. Proximity to amenities such as schools, healthcare facilities, and public transport links also plays a crucial role; homes within walking distance of the train station, which provides direct access to cities like Rouen and Paris, are often valued higher by about 15-20%. Additionally, historical features and the overall condition of a property can significantly affect its market value; well-preserved old houses, for example, can list for 10-30% more than average due to their charm and architectural significance. Lastly, local economic conditions, including employment rates and the presence of businesses, contribute to buyer confidence, further impacting sale prices across different neighborhoods in Bernay.

  • How have real estate prices in Bernay changed over the last year?

    Over the last year, real estate prices in Bernay have seen a noticeable increase, with average property prices rising by approximately 8%. In 2022, the average price per square meter for houses was around €1,750, but this has climbed to about €1,890 by late 2023, reflecting a shift in demand as more buyers are searching for properties outside larger urban areas. The town’s appealing rural environment and improved transport links have contributed to this trend. Apartments have also seen a price surge, with average prices increasing from €1,500 to €1,620 per square meter. Notably, homes in central locations have been particularly sought after, with a two-bedroom house now typically selling for around €230,000, compared to €210,000 one year ago. This uptick has been driven by a mix of local buyers and those from neighboring regions looking for a change in lifestyle.

  • What is the average price per square meter for homes in Bernay?

    As of recent data, the average price per square meter for homes in Bernay typically ranges from €1,400 to €1,800. This variance can be attributed to factors such as location within the town and property conditions. For instance, a newly renovated three-bedroom house in the town center may command a price closer to €1,800 per square meter, while older homes on the outskirts could be listed at around €1,200 per square meter. Additionally, smaller apartments in Bernay have been observed to range between €1,500 and €1,700 per square meter, particularly those with better access to amenities and public transport. Overall, the local real estate market reflects a mix of historic charm and modern living, influencing property values across different neighborhoods.

  • Are property prices in Bernay higher in certain neighborhoods?

    Property prices in Bernay can vary significantly from one neighborhood to another, reflecting differences in desirability, amenities, and historical significance. For instance, in the central part of Bernay, where charming cobblestone streets and proximity to local markets appeal to buyers, average property prices can reach approximately €2,500 per square meter. Conversely, in the outskirts, properties tend to be more affordable, with prices around €1,800 per square meter, particularly in areas that are less developed or farther from the town center. Specific neighborhoods like La Fontaine and Les Moulins have seen a surge in demand, with some listings exceeding €3,000 per square meter due to their appeal and the presence of quality schools and parks. In contrast, areas such as Saint-Jean and Le Bourg are characterized by lower price points, often attracting first-time buyers and families looking for larger living spaces without the premium cost.

  • What types of properties tend to be more expensive in Bernay?

    In Bernay, properties that tend to be more expensive are often those with historical significance or unique architectural features, such as half-timbered houses commonly found in the Normandy region. Such homes can range from €200,000 to over €400,000, depending on their size and condition. Larger properties, particularly those with extensive gardens or land, also command higher prices; for instance, a traditional maison de maître might list for around €500,000 or more. Proximity to the town center and amenities, such as schools and markets, significantly influences property values, with two- to three-bedroom homes near these conveniences selling for approximately €180,000 to €250,000. Additionally, renovated properties with modern finishes can attract higher bids, with some listings going above €300,000.

  • How do real estate prices in Bernay compare to nearby towns?

    Real estate prices in Bernay tend to be more affordable compared to nearby towns like Lisieux and Évreux. As of late 2023, the average price per square meter in Bernay is around €1,500, while in Lisieux, it rises to about €1,800 per square meter. Évreux, being slightly larger and more urban, sees prices averaging €2,200 per square meter. Properties in Bernay, particularly in the town center, can range from €120,000 for a small apartment to €200,000 for a three-bedroom house. In contrast, similar properties in Lisieux might fetch €135,000 to €230,000, and in Évreux, the price ranges from €150,000 for smaller units to upwards of €300,000 for larger family homes. The differences highlight Bernay's appeal as a budget-friendly option for potential buyers in the Normandy region.

  • What is the forecast for real estate prices in Bernay for the next few years?

    Real estate prices in Bernay, a picturesque commune in the Normandy region of France, are projected to experience modest growth over the next few years. According to recent data, the average property price per square meter is around €1,600, with a slight annual increase of about 3% expected through 2026. This growth is being fueled by rising interest from buyers looking for affordable rural properties, as well as an influx of remote workers seeking quieter lifestyles. For example, a typical three-bedroom house in Bernay, currently listed at approximately €180,000, is anticipated to reach around €190,000 by 2025 if this trend continues. Additionally, the rental market is stable, with average monthly rents for a two-bedroom apartment hovering around €650. This affordability combined with regional developments, such as improved transportation links, is likely to sustain local demand and support price increases in the medium term.

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