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Saint Cyr Sur Mer

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Real estate insights for Saint Cyr Sur Mer

AspectSummary
PopulationAround 5,000 residents
Average Property PriceApproximately €4,500/m²
Rental YieldAround 4-6%
Average Rent€1,200 - €1,800/month for apartments
Occupancy RateOver 80%
Capital Growth RateEstimated 3-5% annually
Property TaxApproximately 1.5% of property value
Transaction CostsAround 7-8% of property price
Expected ROI8-10% with property management
Economic Growth ImpactModerate, driven by tourism and local services

Saint Cyr Sur Mer FAQ

  • What factors influence real estate prices in Saint Cyr Sur Mer?

    Real estate prices in Saint Cyr Sur Mer are influenced by various factors, including location, property type, and seasonal demand. The average property price in the area has surged to around €3,800 per square meter, reflecting the town's appeal to both local and international buyers. Properties closer to the coastline, especially in the more desirable neighborhoods like La Madrague, can reach prices of €5,000 per square meter or more, benefiting from proximity to amenities and scenic views. Seasonal demand also plays a significant role; the summer months see an influx of tourists and second-home buyers, driving rental prices and the sales market upward. Additionally, the condition and age of the property impact pricing; for instance, newly renovated villas can command premium prices, sometimes exceeding €1 million, while older homes may be priced more competitively at around €600,000 to €800,000, depending on their location and features. Local infrastructure developments, such as improvements to transportation and the establishment of new services, can further influence property values, as seen in areas undergoing renovation or expansion.

  • How have real estate prices changed in Saint Cyr Sur Mer over the past few years?

    Over the past few years, real estate prices in Saint Cyr Sur Mer have experienced significant fluctuations. As of late 2021, the average property price reached approximately €4,200 per square meter, reflecting a 12% increase from the previous year. This upward trend continued into 2022, with prices rising to around €4,600 per square meter, driven by the area's appeal to both French nationals and international buyers looking for vacation homes along the Côte d'Azur. In 2023, data indicated that the average price per square meter reached €5,000, making it one of the more expensive coastal towns in the Var region. Notably, luxury properties in prime locations, such as beachfront villas, have seen even steeper rises; for instance, a property that listed for €1.5 million in 2020 was valued at €2 million by 2023. The demand for real estate in Saint Cyr Sur Mer has substantially outpaced supply, contributing to the acceleration of these price increases.

  • What is the average price per square meter for homes in Saint Cyr Sur Mer?

    The average price per square meter for homes in Saint Cyr Sur Mer varies depending on the location and property type. As of late 2023, prices range from approximately €4,000 to €6,000 per square meter. In more sought-after areas close to the beach or with ocean views, such as the neighborhoods of La Madrague or Les Lecques, prices can soar to between €6,500 and €8,500 per square meter. Conversely, properties located farther from the coast, like those in more residential areas, may be priced around €3,500 to €4,500 per square meter. High-end villas and newly constructed luxury apartments further inflate the average, with some listings reaching upwards of €10,000 per square meter.

  • Are there specific neighborhoods in Saint Cyr Sur Mer with higher property prices?

    In Saint Cyr Sur Mer, property prices vary significantly across different neighborhoods, reflecting their desirability and proximity to amenities and the coastline. For instance, the area near the beach, particularly the neighborhoods of La Madrague and Les Lecques, boasts higher property values, often exceeding €5,000 per square meter for waterfront properties. Conversely, areas further inland, such as the neighborhoods around Le Brusc, may see prices closer to €3,500 per square meter. Additionally, properties with sea views or access to facilities like marinas and parks tend to command premiums, with some sales reported as high as €1.5 million for luxury villas. The local real estate market remains competitive, especially during the summer months when demand spikes.

  • How does the proximity to the beach affect real estate prices in Saint Cyr Sur Mer?

    The proximity to the beach in Saint Cyr Sur Mer significantly influences real estate prices, often creating a premium for properties closer to the waterfront. For instance, homes located within a 500-meter radius of the beach can command prices that are approximately 20-30% higher than similar properties situated further inland. A recent analysis noted that beachfront villas, averaging around 1,500 square feet, sold for about €800,000 to €1 million, whereas equivalent inland properties in the same neighborhood were going for around €600,000 to €700,000. Additionally, rental rates reflect this trend, with seaside apartments fetching weekly rentals of €1,200 during peak summer months, compared to €800 for those located a kilometer away. The desirability of living close to the Mediterranean Sea alongside amenities like restaurants and recreational activities continues to drive these price disparities.

  • What are the typical price ranges for different types of properties in Saint Cyr Sur Mer?

    In Saint Cyr Sur Mer, property prices vary significantly depending on the type and location of the property. For apartments, prices typically range from around €3,000 to €6,000 per square meter, with newer waterfront units fetching higher prices. For example, a two-bedroom apartment near the beach might be priced around €350,000, while a more luxurious option could reach €600,000. Villas and single-family homes tend to be more expensive, with average prices ranging from €4,000 to €8,000 per square meter. A well-located three-bedroom villa might list for between €600,000 and €1.2 million, depending on its features and proximity to the sea. Additionally, larger, exclusive properties with sea views can go well above €2 million, significantly driving up the market average.

  • Is there a seasonal trend in real estate prices in Saint Cyr Sur Mer?

    In Saint Cyr Sur Mer, real estate prices exhibit distinct seasonal trends influenced by tourism and seasonal demand. Typically, the peak months for real estate activity are from May to September, coinciding with the summer tourist influx. During this period, average property prices can rise significantly, with reported increases of 10-15% compared to the off-peak months. For instance, a villa that might be valued at €600,000 in winter could see its price soar to around €690,000 during the summer months due to heightened demand. Conversely, the off-peak season, extending from November to March, tends to bring a slowdown in transactions and prices, with some properties being listed at 5-10% lower than their summer values. Additionally, rental prices also follow this trend, with weekly rates peaking at around €2,500 in August, while in the winter, they can drop to approximately €1,200 or lower.