Property for sale in Tarbes

The average price of homes in Tarbes, France, varies depending on the neighborhood and the type of property. As of late 2023, the average price per square meter for apartments is around €1,300, while houses typically range from €1,500 to €2,000 per square meter. For instance, a three-bedroom house in a suburban area might be listed for approximately €150,000 to €200,000, while a four-bedroom property in a more desirable part of the city could exceed €250,000. Meanwhile, small apartments may fall within the range of €80,000 to €120,000, depending on their condition and proximity to local amenities. These prices reflect the typical market trends in Tarbes, influenced by factors such as location and property features.

Over the past few years, real estate prices in Tarbes have experienced notable shifts, reflecting broader trends in the French housing market. As of late 2023, the average price per square meter for residential properties has risen to approximately €1,650, a significant increase from around €1,450 in 2020. This represents a growth of about 14% over the last three years. In the first half of 2023 alone, the prices for apartments surged by about 8%, with some neighborhoods, such as the city center, seeing an average price of €2,000 per square meter, making it one of the more expensive areas in the region. Houses in Tarbes have also not been immune to these price changes; a 3-bedroom house that would have cost around €180,000 in 2020 is now listed closer to €220,000 in the market, reflecting a 22% increase. Furthermore, the rental market has tightened, with average monthly rents for a two-bedroom apartment rising from €600 to €720 within the same timeframe, indicating a growing demand for housing in the area.

Real estate prices in Tarbes are influenced by several factors, including location, property condition, and market trends. The proximity to amenities such as schools, healthcare facilities, and shopping centers significantly affects property values; for example, homes closer to the city center tend to sell for an average of €1,800 per square meter, compared to €1,300 per square meter in more suburban areas. The state of the real estate market in the Hautes-Pyrénées department also plays a role, with an overall increase in property prices of about 2-3% annually in recent years. Historical architecture, such as properties in the historic district, can command prices upwards of €2,200 per square meter due to their unique character and desirability. Additionally, economic factors like employment rates and local infrastructure investments are critical; for instance, new transport links or business developments can drive interest and subsequently raise property values in affected areas.

Property prices in Tarbes can vary significantly by neighborhood. For instance, in the center of Tarbes, where amenities and historical charm attract buyers, average property prices can reach around €2,000 to €2,500 per square meter. Meanwhile, neighborhoods such as Lannemezan, located just outside the city, tend to be less expensive, with prices hovering around €1,200 to €1,600 per square meter. In more suburban areas like Azereix, property prices can drop further, with averages ranging from €1,000 to €1,400 per square meter. Certain areas closer to schools and parks, like the neighborhood surrounding the Jardin Massey, have shown increased demand, leading to values that can surpass €2,500 per square meter, reflecting the desirability for families. Conversely, neighborhoods further from the city center, such as the outskirts towards Tarbes de Bigorre, often see lower prices, creating a distinct price gradient across the city.

In Tarbes, the most affordable properties typically include apartments and smaller houses, particularly those needing renovation. Studio apartments can be found starting around €40,000, while one-bedroom units usually range between €60,000 and €80,000. For those looking at houses, smaller, older properties are often available starting from €100,000, especially in the outskirts of the city. Renovation projects can be even less expensive; for instance, properties requiring extensive work may be priced around €70,000, with the potential for substantial investment in improvements. Furthermore, two-bedroom apartments can be found in the area for prices ranging from €90,000 to €120,000, depending on their condition and location. The real estate market in Tarbes offers a mix of charming older buildings and modern structures, but it's the entry-level options that typically attract buyers on a budget.

Schooling and amenities play a significant role in influencing real estate prices in Tarbes. Properties located near well-rated schools, such as Lycée de l'Arrouza, which boasts a high academic reputation, often see prices increase by approximately 10-15% compared to similar homes situated farther from educational institutions. For instance, a three-bedroom house within a 1-kilometer radius of this lycée can command around €200,000, whereas a comparable property outside this zone might be priced around €180,000. In addition to educational facilities, the availability of amenities like parks, shopping centers, and healthcare significantly impacts real estate values. Homes near the Parc Bel Air or popular retail areas like the Place Jean Jaurès typically have average prices that are about 5-10% higher due to the convenience they offer to residents. For example, an apartment near the Parc Bel Air could be listed at €120,000, whereas similar apartments located further away might be listed closer to €110,000. Overall, proximity to quality schooling and essential amenities tends to drive demand and subsequently pushes up property prices in Tarbes.

Tarbes, located in the Occitanie region of France, has seen a diverse real estate landscape recently. As of late 2023, the average price per square meter for properties in the city hovers around €1,700, which is lower than many other cities in the region, such as Toulouse, where prices can exceed €3,500 per square meter. In the residential market, a three-bedroom apartment in Tarbes typically ranges between €120,000 and €160,000, while single-family homes may sell for around €200,000 to €250,000, depending on location and condition. The rental market is also competitive, with average monthly rents for a two-bedroom apartment falling between €650 and €750. Notably, properties in the city center and near amenities tend to command higher prices compared to those in suburban areas. Additionally, the local economy shows signs of stability, with ongoing infrastructure projects that could positively impact property values in the coming years.