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Saverne

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Real estate insights for Saverne

AspectSummary
PopulationApproximately 12,000 residents
Average Property Price€1,800/m²
Rental Yield6% - 8%
Average Rent€750/month for a 2-bedroom
Occupancy Rate95%
Capital Growth Rate3% annually
Property Tax€1,000/year (average)
Transaction Costs7% - 10% of purchase price
Expected ROI4% - 6% per year
Economic Growth ImpactStable due to tourism and local businesses

Saverne FAQ

  • What factors influence real estate prices in Saverne?

    Several factors influence real estate prices in Saverne, primarily location, property condition, and market trends. The average price per square meter for residential properties in Saverne typically ranges from €1,500 to €2,200, depending on the neighborhood. For example, properties in the historic center tend to command higher prices due to their charm and proximity to amenities. Additionally, the condition of the property plays a significant role; a well-maintained three-bedroom house with a garden might list for around €230,000, while a fixer-upper in the same area could be priced at approximately €160,000. Economic factors also affect prices; for instance, fluctuations in local employment rates and nearby industrial developments can shift demand in the market. Lastly, the rental market in Saverne is influenced by the presence of nearby educational institutions, such as the University of Strasbourg, which can increase demand for smaller apartments, pushing rental prices to around €10 to €12 per square meter.

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

    Over the past few years, Saverne has experienced notable shifts in its real estate market, characterized by rising property prices and an increasing number of transactions. In 2020, the average price per square meter for residential properties in Saverne was approximately €1,400. By 2023, this figure rose to around €1,650, marking a growth of about 18%. The demand for single-family homes in particular has surged; properties in this category saw prices increase from an average of €250,000 in 2020 to roughly €300,000 in 2023. This trend has been driven by a combination of factors, including remote work arrangements that have prompted city dwellers to seek homes in quieter towns, as well as a limited supply of available properties. Additionally, reports indicated that the number of property sales in Saverne jumped by 25% from 2021 to 2022, reflecting a competitive market environment. Such dynamics demonstrate how local real estate conditions are evolving, influenced by broader societal trends and economic factors.

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

    The average price per square meter for homes in Saverne typically ranges from €1,500 to €2,000 as of late 2023. In some areas, especially in the town center where amenities and transport access are more favorable, prices can go up to €2,200 per square meter. For example, a three-bedroom house of approximately 100 square meters may be listed for around €190,000, translating to about €1,900 per square meter. Conversely, properties in more suburban or rural parts of Saverne might see prices closer to €1,400 per square meter, reflecting a variation based on location, property type, and condition. Newly built homes tend to command higher prices, sometimes exceeding €2,500 per square meter in premium neighborhoods.

  • Are there specific neighborhoods in Saverne where prices are higher?

    In Saverne, neighborhoods such as the city center and the area around the Château des Rohan tend to have higher property prices, with average costs reaching approximately €2,200 per square meter. The historic charm of these areas, characterized by narrow streets and proximity to local amenities, contributes to their desirability. In contrast, neighborhoods on the outskirts, like those near the train station, generally have lower prices, averaging around €1,600 per square meter. Additionally, the Rue des Cites, known for its scenic views and upscale homes, can see prices soar to about €2,500 per square meter, reflecting its appeal to buyers looking for a blend of history and modern living.

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

    Real estate prices in Saverne currently average around €1,800 per square meter, making it relatively affordable compared to nearby towns like Rohan and Strasbourg, where prices are approximately €2,400 and €3,100 per square meter, respectively. In Saverne, a three-bedroom house typically sells for about €230,000, whereas similar properties in Rohan can reach €280,000 and in Strasbourg, they can exceed €400,000. Additionally, the rental market in Saverne reflects this trend, with average rents hovering around €12 per square meter, contrasted with around €15 in Rohan and €18 in Strasbourg. These figures indicate a significant price disparity, highlighting Saverne's appeal for those seeking more budget-friendly housing options while still being in proximity to larger urban centers.

  • What types of properties are the most expensive in Saverne?

    In Saverne, the most expensive properties typically include historic homes and large family estates, particularly those located near the town center or with scenic views of the surrounding countryside. Properties that have been extensively renovated often command higher prices, with some of the well-preserved 19th-century houses listed at around €300,000 to €500,000. For example, a four-bedroom traditional Alsatian house near the main square may be listed for approximately €450,000, while a renovated château-style property could reach up to €800,000 or more, depending on its size and amenities. Additionally, properties with large gardens or land plots—particularly those over 1,500 square meters—typically start at €400,000 and can increase significantly based on location and features. The demand for charm and character in these properties consistently drives prices upward in the local real estate market.

  • What is the trend for property prices in Saverne for the coming year?

    In Saverne, property prices are anticipated to see a modest increase in the coming year, following a trend observed in 2023. The average property price currently hovers around €2,200 per square meter, a slight rise from the previous year’s €2,100. Experts predict that this could rise to approximately €2,350 per square meter by the end of 2024, influenced by factors such as local demand for homes, especially among families seeking tranquil living environments. Notably, two-bedroom apartments in the area are currently listed between €150,000 and €180,000, with three-bedroom homes ranging from €250,000 to €300,000. The rental market is also on the upswing, with average monthly rents in Saverne increasing from €10 to €11 per square meter, reflecting growing interest in the area. This upward trend is fueled by the region's proximity to Strasbourg and its appealing quality of life, contributing to a steady influx of new residents.