Property for sale in Teyran

Real estate prices in Teyran are influenced by several key factors, including location, property size, economic conditions, and local amenities. For instance, properties within close proximity to Montpellier, which is about 12 kilometers away, tend to fetch higher prices, often exceeding €3,000 per square meter, compared to areas further from the city center where prices may drop to around €2,200 to €2,500 per square meter. The size of the property also plays a vital role; a 100-square-meter home can range from €220,000 to €300,000 based on its specific features and condition. Socioeconomic factors, such as the average income in the region, which hovers around €28,000 annually, can affect overall demand, with higher-income residents willing to invest more in comfortable living spaces. Additionally, Teyran's infrastructure, including schools, parks, and public transport links, contributes to the desirability of neighborhoods, with properties near good schools potentially seeing price premiums of up to 10%. Lastly, market trends, including the rise of remote work, have also shifted demand dynamics, allowing for greater interest in suburban living which can impact pricing significantly.

Over the past few years, the real estate market in Teyran, a suburb of Montpellier in France, has experienced notable transformations. Between 2018 and 2022, the average property price increased from approximately €2,200 per square meter to around €2,700, marking a rise of over 22%. This demand has been fueled by Teyran's appealing rural charm combined with its proximity to Montpellier, which is just a short drive away. In 2022, the market saw a surge in the number of transactions, with around 150 properties sold compared to about 100 in 2020, highlighting a growing interest from both local and distant buyers. Additionally, new developments, such as eco-friendly residential complexes, have emerged, attracting families and young professionals seeking modern amenities. The rental market has also tightened, with average monthly rents climbing from €850 in 2020 to €1,050 in 2022 for a standard three-bedroom apartment, reflecting increased demand from tenants looking to secure homes in the area.

The average price per square meter for homes in Teyran typically ranges between €3,000 and €4,000, depending on the location and type of property. For instance, a 100-square-meter home can be priced around €300,000 to €400,000, with some newer developments or larger villas exceeding €4,500 per square meter. Properties in the village center or near amenities often command higher prices, while older homes on the outskirts may fall at the lower end of the spectrum. Recent listings show a 90-square-meter townhouse at €270,000, translating to approximately €3,000 per square meter, while a more modern, 120-square-meter house is listed at €480,000, approximately €4,000 per square meter. In Teyran, factors like condition, age of the property, and proximity to public transport significantly influence these prices.

Real estate prices in Teyran, a suburb of Montpellier, have shown sensitivity to local economic conditions, evidenced by recent trends. In 2022, the average property price in Teyran reached approximately €3,200 per square meter, reflecting a 10% increase compared to 2021, largely driven by the region's economic recovery post-COVID-19 and growing demand from buyers seeking residential properties with more space. The unemployment rate in the Occitanie region, which includes Teyran, decreased to around 8.3% in 2023, contributing to heightened consumer confidence and increased purchasing power among residents. Additionally, interest rates for mortgages have been fluctuating, with the average rate rising to about 2.5%, which can impact affordability and thus influence demand in the housing market. Property types in high demand include family homes with gardens, which have been selling for about €400,000 on average, while smaller apartments in the area have seen less significant increases, hovering around €200,000 to €250,000.

The real estate market in Teyran, a small town near Montpellier, has shown some interesting trends recently. As of late 2023, the average property price in Teyran stands at approximately €3,200 per square meter, which is a slight increase from €3,000 per square meter last year. This upward trend aligns with the broader Hérault department, where prices have risen by 5% over the last year. The inventory of homes for sale in Teyran has also decreased, with only about 45 listings currently available compared to around 60 a year ago. Notably, three-bedroom properties in the area are averaging around €350,000, while two-bedroom apartments are typically listed at €250,000. Additionally, the rental yield in Teyran has remained stable at about 4.5%, which may appeal to investors looking for rental opportunities. With interest rates fluctuating around 3% for fixed-rate mortgages as of October 2023, potential buyers may find varying financing conditions influencing their purchasing decisions.

Property prices in Teyran typically range from €2,500 to €3,500 per square meter, making it relatively affordable compared to nearby Montpellier, where prices average around €3,800 per square meter. In contrast, the more upscale area of Saint-Jean-de-Védas sees values upward of €4,000 per square meter. For example, a three-bedroom home in Teyran can be found for approximately €300,000, while a similar property in Montpellier could exceed €400,000. Additionally, while Teyran offers access to gardens and larger homes, the surrounding towns such as Castelnau-le-Lez feature properties averaging €3,600 per square meter, reflecting a higher demand due to proximity to the city center and amenities.

In Teyran, the most commonly bought and sold properties are typically residential homes, with a strong focus on single-family houses and small apartment units. As of recent data, about 60% of transactions involve single-family homes, with prices averaging around €350,000 to €450,000, depending on the size and condition of the property. Two to three-bedroom houses are particularly popular among families, while younger professionals often opt for two-bedroom apartments, which can range from €200,000 to €300,000. Additionally, demand for properties with outdoor space has increased, likely reflecting a growing preference for gardens or terraces. In the market, you can also find a small percentage of luxurious villas, listed at €800,000 and above, particularly on the outskirts where the landscape offers more privacy and natural beauty.