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Cleguerec

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Real estate insights for Cleguerec

AspectSummary
Population1,600 (approx)
Average Property Price€160,000
Rental Yield4.5%
Average Rent€600/month
Occupancy Rate85%
Capital Growth Rate2% annually
Property Tax1.5% of property value
Transaction Costs7% - 10% of property price
Expected ROI6% - 8%
Economic Growth ImpactModerate, stable market

Cleguerec FAQ

  • What factors influence real estate prices in Cleguerec?

    Several factors influence real estate prices in Cleguerec, prominently including location, property type, and local amenities. The average price per square meter for homes in the area is approximately €1,200, which can fluctuate based on proximity to key sites like the Church of Saint-Maudé or the nearby Blavet River. For instance, properties near the river tend to command higher prices, sometimes reaching €1,500 per square meter, due to the attractive views and recreational opportunities. The condition and age of the property also play a notable role; well-maintained homes from the 1990s can be priced around €150,000, while older properties may be valued lower, around €100,000, depending on their state of repair. Additionally, local economic factors, such as employment rates and the influence of tourism, can affect demand. Cleguerec, being a quieter rural location, does not experience the same volatility as urban centers, but seasonal tourism can temporarily boost interest in vacation properties, affecting prices during peak months.

  • How has the real estate market in Cleguerec changed over the past few years?

    Over the past few years, the real estate market in Cleguerec has experienced notable changes, marked by a steady increase in property prices and demand. According to recent data, the average price per square meter for residential properties rose from approximately €1,100 in 2020 to around €1,350 in 2023, reflecting a growth of over 22%. This surge in prices can be attributed to several factors, including a growing interest from buyers seeking rural retreats and investment opportunities in Brittany. The number of property sales also climbed significantly, with a reported year-on-year increase of 15% between 2021 and 2022. Furthermore, smaller homes and cottages, often sought for vacation rentals, highlighted a heightened interest, with listings in this category seeing a decrease in average days on the market from 90 days in 2021 to just 55 days in 2023. Notably, properties with land, particularly those around 1,500 square meters, have become particularly sought after, often commanding premium prices due to the increasing desire for outdoor space.

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

    The average price per square meter for homes in Cleguerec is approximately €1,200 to €1,500, depending on the property's condition and location within the town. For instance, a newly renovated three-bedroom house can be priced around €130,000, which would roughly translate to €1,300 per square meter if the total area is around 100 square meters. In contrast, older properties that require significant renovations might be listed closer to €1,000 per square meter, making them more affordable at around €100,000 for an equivalent size. Additionally, plots of land for building are generally available for about €30 to €50 per square meter, providing options for those looking to construct a new home. These figures can fluctuate based on market trends and the specific neighborhood dynamics in Cleguerec.

  • Are property prices in Cleguerec higher or lower compared to nearby towns?

    Property prices in Cleguerec are relatively lower compared to several nearby towns. For instance, the average price per square meter in Cleguerec hovers around €1,300, while in the adjacent town of Pontivy, it can reach €1,600 per square meter. In contrast, the coastal town of Lorient sees much higher prices, averaging around €2,800 per square meter due to its proximity to the sea and a more vibrant economy. Cleguerec's tranquil rural setting often appeals to buyers looking for more affordable options, especially when compared to the prices in urban centers like Vannes, where the average hits €3,200 per square meter. This price disparity makes Cleguerec an attractive consideration for those seeking to own property in Brittany without the premium associated with more developed areas.

  • What types of properties are most commonly found in Cleguerec?

    In Cleguerec, a quaint commune in Brittany, France, the property landscape is primarily characterized by traditional stone homes, often dating back to the 18th and 19th centuries. Many of these houses feature two to three bedrooms, with average sizes ranging from 80 to 150 square meters. Alongside these historic residences, one can find newer constructions, predominantly individual houses with contemporary designs, typically offering three to four bedrooms and larger living spaces of 120 to 200 square meters. The real estate market also includes a number of charming cottages and agricultural properties, often set on substantial plots of land averaging 1,500 to 3,000 square meters, catering to those interested in rural living or gardening. Additionally, some properties in the area incorporate outbuildings, which can serve as storage or conversion opportunities, common in the local countryside. Prices may vary significantly, with traditional homes starting around €100,000, while larger properties can reach upwards of €300,000, reflecting both size and location within the commune.

  • How do seasonal trends affect real estate prices in Cleguerec?

    Seasonal trends significantly impact real estate prices in Cleguerec, a small town in Brittany, France. Typically, the spring and summer months witness a surge in property prices, as this period aligns with greater buyer activity due to milder weather. For instance, data from previous years indicates that prices can increase by approximately 15% from March to September, driven by families looking to relocate before the school year starts. Conversely, during the winter months, particularly from November to February, prices often stabilize or even drop slightly, around 5% to 10%, due to decreased buyer interest and harsher weather conditions. Specific examples include a charming three-bedroom home that sold for €180,000 in June 2022, whereas a similar property in the same area was listed for €170,000 in January 2023. Overall, these seasonal fluctuations illustrate how demand dynamics, influenced by the local climate and lifestyle choices, directly correlate with real estate pricing trends in Cleguerec.

  • What are the typical costs associated with buying property in Cleguerec?

    When purchasing property in Cleguerec, typical costs include notary fees, which generally range from 7% to 8% of the property price for older properties, while new builds may incur slightly lower rates around 2% to 3%. For example, if a buyer is looking at a property priced at €150,000, notary fees could amount to approximately €10,500. Additionally, there's the property tax (taxe foncière) that varies by property but can average around €500 to €800 annually for regular homes. Buyers should also anticipate agency fees if using a real estate agent, averaging around 5% to 8% of the purchase price. For instance, applying an 6% agency fee on a €150,000 property would total about €9,000. Home insurance is another cost, typically ranging from €300 to €800 per year depending on coverage, and an additional expense includes mortgage fees, which could involve an application fee and arrangement costs, usually adding on €1,500 to €3,000 depending on the lender and terms. Finally, it's important to consider potential renovation costs, especially if buying a fixer-upper, which can vary widely but might start around €10,000 for basic updates.

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