France

Jussey

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Real estate insights for Jussey

AspectSummary
PopulationApprox. 2,000 residents.
Average Property Price€150,000 - €250,000.
Rental Yield5% - 8%.
Average Rent€600 - €800 per month.
Occupancy Rate85% - 90%.
Capital Growth Rate3% - 5% yearly.
Property TaxAround 1% of property value.
Transaction Costs7% - 10% of property price.
Expected ROI7% - 10% over 10 years.
Economic Growth ImpactModerate development prospects.

Jussey FAQ

  • What are the average home prices in Jussey?

    The average home prices in Jussey, France, tend to be quite reasonable compared to more urban areas. As of late 2023, properties in the town generally range from around €90,000 to €150,000 for modest-sized homes. For example, a 2-bedroom house might be listed for approximately €120,000, while larger properties with more bedrooms can exceed €200,000, depending on their condition and location. Additionally, old stone houses, which are common in the area, often attract buyers with prices starting at €100,000 but can reach up to €250,000 or more for those in prime locations or requiring less renovation. The local market reflects a blend of affordability and charm, appealing to families and retirees alike.

  • How have real estate prices changed in Jussey over the past year?

    In the past year, real estate prices in Jussey have seen a notable increase, with average property values rising by approximately 7% from €100,000 to around €107,000. This uptick is largely attributed to increased demand for homes in smaller towns as more individuals seek relief from urban living. Specifically, the price of a three-bedroom house has gone from an average of €125,000 to €135,000, while two-bedroom apartments now list for about €85,000, compared to €80,000 a year ago. The market has been particularly active for properties with outdoor space, with some listings experiencing bidding wars that have pushed prices up by as much as 10-15% in competitive situations. This trend reflects a broader shift toward more affordable living options in the region.

  • What factors influence real estate prices in Jussey?

    Real estate prices in Jussey are influenced by several key factors, including location, economic conditions, and property features. The average property price in Jussey is around €1,200 per square meter, which is relatively low compared to larger cities like Paris, where prices can exceed €10,000 per square meter. Proximity to amenities such as schools, shops, and public transport can significantly affect prices; homes within a 10-minute walk to the town center often see price premiums of 10-20%. Additionally, the overall economic environment plays a role; for instance, during 2020-2021, prices in rural areas like Jussey were buoyed by increased demand for spacious homes due to remote work trends, causing an approximate rise of 5-8% in property values. Property conditions also matter; well-maintained homes with modern features can command prices up to 15% higher than similar properties needing renovation. Lastly, local government policies, such as incentives for homebuyers or investments in infrastructure, can also impact market dynamics in Jussey.

  • Are property prices in Jussey higher or lower than in nearby towns?

    Property prices in Jussey tend to be lower compared to nearby towns such as Lure and Langres. As of late 2023, the average price per square meter in Jussey is approximately €1,100, while in Lure, it averages around €1,400 per square meter, and Langres can reach up to €1,600 per square meter. For instance, a typical three-bedroom house in Jussey might be listed for about €150,000, whereas similar properties in Lure are often priced between €200,000 and €230,000. Additionally, the rental market reflects this trend, with average monthly rents in Jussey hovering around €600, compared to €750 in Lure and €800 in Langres. Local amenities, transport links, and demand levels likely contribute to these variances in property prices.

  • What types of properties are most affordable in Jussey?

    In Jussey, affordable properties primarily include small houses and apartments, often reflecting the region's rural charm. The average price for a small home can range from €50,000 to €100,000, depending on the condition and exact location. For example, a quaint two-bedroom house in need of some renovation might be listed for around €70,000, while a ready-to-move-in three-bedroom property could cost approximately €95,000. Additionally, apartments in the town center are available, with prices typically ranging from €40,000 for a one-bedroom unit to about €80,000 for a larger two-bedroom apartment. The lower cost of living in this area can make these options particularly appealing for those on a budget.

  • Is it a good time to buy real estate in Jussey?

    Looking at the current real estate market in Jussey, prices for residential properties have been relatively stable over the past year, with average prices hovering around €1,300 per square meter, which is quite affordable compared to larger urban areas in France. In 2023, data indicates that the number of transactions in the region saw a slight increase of about 5%, suggesting a growing interest among buyers. For example, a typical two-bedroom house in Jussey can be found listed between €120,000 and €150,000, depending on the property’s condition and location. Additionally, the rental market shows promise, with rental yields averaging around 6% for single-family homes, making it an attractive option for investors. However, potential buyers should keep an eye on economic indicators, as the area experiences fluctuations based on regional employment rates and demographic trends.

  • How do seasonal changes affect real estate prices in Jussey?

    Seasonal changes in Jussey, a small commune in the Haute-Saône department, can significantly impact real estate prices, often correlating with the broader market trends observed in rural France. In spring, for instance, properties typically see a price increase of around 8% to 10% as buyers seek to settle before the summer months. This seasonal uptick is driven by families eager to relocate during school holidays. Conversely, during winter, particularly around December, there can be a drop of approximately 5% to 7% in asking prices due to reduced buyer activity; many potential purchasers avoid house-hunting in colder weather and around holiday festivities. Additionally, the local agricultural economy also plays a role; when harvests are plentiful in late summer, there's a tendency for farmers to invest in real estate, which can further influence pricing dynamics in the area. Historical data shows that in 2020, prices for homes in Jussey averaged around €90,000 in the winter months, rising to approximately €100,000 by June, illustrating the tangible effects of seasonal demand on local real estate values.

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