France

Oradour Sur Glane

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Real estate insights for Oradour Sur Glane

AspectSummary
PopulationApproximately 1,050 residents.
Average Property PriceAround €120,000.
Rental YieldEstimated at 5.5%.
Average RentApproximately €650 per month.
Occupancy RateEstimated at 85%.
Capital Growth RateStable at 2% per year.
Property TaxAround €800 annually.
Transaction CostsEstimated at 7-8% of property price.
Expected ROIApprox. 7-10% annual return.
Economic Growth ImpactLimited, but steady local development.

Oradour Sur Glane FAQ

  • What factors influence real estate prices in Oradour Sur Glane?

    Real estate prices in Oradour Sur Glane are influenced by several key factors, including location, historical significance, and local amenities. As of late 2023, the average property price in the area hovers around €80,000 to €120,000, significantly lower than the national average of approximately €3,000 per square meter. The historical significance of the village, particularly as a site of a tragic wartime massacre in 1944, impacts the emotional appeal for potential buyers, though it may deter some due to the somber associations. Additionally, accessibility plays a role; properties close to Limoges, which is about 20 kilometers away, enjoy slightly higher values—often 10-15% more—due to the proximity to urban services and employment opportunities. The local infrastructure, including schools and healthcare facilities, also drives demand; areas near the town center that offer these services tend to command prices at the higher end of the spectrum, while more rural properties can be found for as low as €50,000. Seasonal fluctuations in tourism can provide brief spikes in rental prices for properties converted into holiday homes, although the overall rental yield remains modest at around 3-5%.

  • How do property prices in Oradour Sur Glane compare to nearby areas?

    Property prices in Oradour-sur-Glane generally reflect the quieter lifestyle of this small commune in the Haute-Vienne department, with average house prices around €60,000 to €80,000. In comparison, neighboring areas such as Saint-Junien see average prices closer to €130,000, driven by its larger population and more amenities. Limoges, about 20 kilometers away, has an average property price of around €140,000 to €160,000. This discrepancy can be attributed to the historical significance of Oradour-sur-Glane, which draws visitors but limits commercial development. For example, while a three-bedroom home might cost €75,000 in Oradour-sur-Glane, a similar property in Saint-Junien could easily exceed €100,000. In more rural areas surrounding Oradour, prices can dip below €50,000, but these are often for properties requiring significant renovation.

  • What is the average price of a home in Oradour Sur Glane?

    The average price of a home in Oradour-sur-Glane typically ranges between €80,000 and €150,000, depending on factors such as size, location, and condition. Smaller, older homes can often be found for around €70,000, while larger, more modern properties may reach prices close to €200,000. For instance, a three-bedroom house in decent condition might list for about €110,000, while a renovation project could be available for around €65,000. The local market is relatively modest compared to larger French cities, but the historical significance of the area can sometimes influence demand and pricing.

  • Are property prices in Oradour Sur Glane increasing or decreasing?

    Property prices in Oradour-sur-Glane have shown a modest upward trend in recent years. As of late 2023, the average price per square meter in the area is approximately €1,200, reflecting a 5% increase from the previous year, when prices hovered around €1,143 per square meter. In comparison, similar rural towns in the Nouvelle-Aquitaine region have experienced more significant fluctuations, with some seeing declines due to economic factors. For example, a typical three-bedroom house in Oradour-sur-Glane was valued at around €120,000 in 2022, while the same property is now listed at around €126,000. Factors contributing to this trend include the town's historical significance, a slight increase in tourism, and the increasing appeal of rural living, which has motivated some buyers to relocate from urban areas.

  • What types of properties are most common in Oradour Sur Glane and their price ranges?

    In Oradour-sur-Glane, the real estate landscape is characterized primarily by traditional French countryside homes, including stone cottages and semi-detached houses, which often date back to the 19th and early 20th centuries. Properties typically feature rustic architecture with gardens and are set against a backdrop of picturesque rural scenery. Prices for these homes generally range from €70,000 to €200,000, depending on size and condition. For example, a modest two-bedroom stone house may be listed for around €90,000, while larger properties or those with extensive land can command prices closer to €150,000. Additionally, there are a few newer builds, which might range from €150,000 to €250,000, aimed at families seeking modern amenities within the historical context of the village. The market tends to appeal to those interested in tranquil living and historical significance, given the village's somber past.

  • How can I find historical price trends for real estate in Oradour Sur Glane?

    To find historical price trends for real estate in Oradour Sur Glane, one can start by examining local real estate listings on websites like SeLoger or LeBonCoin, which often provide data on past sales and current asking prices. In 2020, the average price for residential property in the region hovered around €1,200 per square meter, a potential benchmark for analyzing past trends. Additionally, data from the Notaires de France can shed light on transaction prices; for example, between 2018 and 2021, the price per square meter for older houses has seen fluctuations from €1,050 to €1,150, showing a slight increase. Local government resources might also publish market assessments or reports detailing the rise in property values, making it easier to compare figures across years. Engaging with local real estate agents can provide firsthand accounts of significant sales or shifts in the market, such as a notable increase in vacation home purchases after the pandemic.

  • What are the property taxes like in Oradour Sur Glane?

    Property taxes in Oradour-sur-Glane are relatively low compared to larger urban areas in France. The local real estate tax, known as "taxe foncière," generally ranges from 15-25% of the property's estimated rental value. For example, a property valued at €100,000 might incur an annual tax between €300 and €750. Additionally, the municipal tax, or "taxe d'habitation," is applicable to residents and can vary; it typically ranges from 10-15% of the property's value. In recent years, the average habitation tax for a modest home has been around €400 annually. The overall tax burden is influenced by the local government budget and the specific services offered in the commune.

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