France

Vic Fezensac

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Real estate insights for Vic Fezensac

AspectSummary
PopulationApproximately 4,300 residents
Average Property Price€150,000
Rental Yield5.5%
Average Rent€750/month
Occupancy Rate95%
Capital Growth Rate3% annually
Property Tax€1,200 annually
Transaction Costs7-8% of property price
Expected ROI8-10% including capital growth
Economic Growth ImpactStable, potential for growth due to tourism

Vic Fezensac FAQ

  • What are the average home prices in Vic Fezensac?

    In Vic-Fezensac, the average home prices vary significantly depending on property type and location, reflecting the charm of this small town. As of late 2023, typical prices for a three-bedroom house range from approximately €150,000 to €250,000, with many properties featuring traditional French architecture and garden space. For those seeking smaller accommodations, one-bedroom apartments are generally priced between €80,000 and €120,000. More upscale properties, such as renovated country houses with larger plots of land, can reach €300,000 and beyond. Moreover, the market has shown slight fluctuations, with an average price per square meter hovering around €1,400 to €1,800 in the more desirable areas.

  • How do property prices in Vic Fezensac compare to nearby towns?

    Property prices in Vic Fezensac generally range from €1,200 to €1,800 per square meter, depending on the property's condition and proximity to amenities. In comparison, nearby towns such as Condom see prices slightly higher, averaging around €1,500 to €2,100 per square meter, reflecting its more developed infrastructure and increased tourist activities. In contrast, the smaller village of Saint-Puy offers a more affordable option, with prices typically between €1,000 and €1,500 per square meter, attracting buyers looking for quieter rural living. Furthermore, the bustling town of Auch, located about 30 kilometers away, boasts property prices from €1,800 to €2,400 per square meter, driven by its historical significance and economic opportunities. Thus, Vic Fezensac sits in a mid-range position among its neighboring towns, appealing to those seeking a balance between price and quality of life.

  • What factors influence real estate prices in Vic Fezensac?

    Real estate prices in Vic Fezensac are influenced by several key factors, including location, property size, and local amenities. Properties near the town center tend to command higher prices, with average listings around €120,000 for a two-bedroom house, while homes on the outskirts might average around €90,000. The condition of the property plays a crucial role as well; newly renovated homes can fetch up to 15% more compared to similar, unrenovated properties. Seasonal demand also impacts prices, with the summer months seeing an uptick in interest from tourists and second-home buyers, particularly in the €100,000 to €200,000 range for vacation properties. Moreover, the availability of local services, such as schools and healthcare facilities, can raise interest and push prices up by 10% or more. The overall economic climate, including employment rates in the region, can further affect buyer confidence and total sales volume, which in turn influences pricing trends in the area.

  • Are property prices in Vic Fezensac rising or falling?

    Property prices in Vic Fezensac have shown a varied trend in recent months. According to recent market analyses, the average price per square meter for residential properties in the area is approximately €1,800, reflecting a year-on-year increase of about 5%. However, certain segments of the market, particularly older homes in the town center, saw a slight decline, with average prices dropping around 3% to €1,500 per square meter. Conversely, newer developments on the outskirts have become more desirable, pushing prices up to €2,300 per square meter, which represents an increase of nearly 8% compared to the previous year. Notably, the demand for property in Vic Fezensac has been influenced by its proximity to the vibrant cultural scene and amenities in nearby cities like Auch and Condom, creating fluctuations in specific neighborhoods.

  • What type of properties are most expensive in Vic Fezensac?

    In Vic Fezensac, properties that tend to fetch the highest prices are typically large, historic stone houses with expansive grounds, particularly those situated in prime locations near the town center or with scenic views of the surrounding countryside. For instance, a beautifully restored Maison de Maître can command prices ranging from €300,000 to €600,000, depending on its condition and land area. Properties featuring modern amenities, such as swimming pools and landscaped gardens, often see prices exceed €700,000. Additionally, luxury villas in the vicinity that offer four or more bedrooms and high-end finishes can be listed at upward of €800,000. Meanwhile, charming rural estates, which include barns or additional outbuildings, may also approach the €500,000 mark if they possess sufficient acreage and potential for renovation.

  • How has the current market affected real estate prices in Vic Fezensac?

    Recent trends in the Vic Fezensac real estate market show a notable impact from the broader economic situation in France. As of late 2023, property prices in the area have seen a rise of approximately 6% compared to the previous year, with the average price per square meter now hovering around €1,850. This uptick can be attributed to increased demand for homes in rural areas as buyers seek more space and affordability, particularly in light of higher urban prices. For example, a 3-bedroom house that previously sold for €200,000 is now averaging around €212,000. Additionally, the rental market has tightened, with average monthly rents for a two-bedroom apartment reaching €700, up from €660 last year, reflecting a 6% increase. This shift is further influenced by a surge in interest in local amenities and lifestyle offerings in Vic Fezensac, contributing to the increasing valuation of real estate in the region.

  • Is it a good time to buy property in Vic Fezensac based on current prices?

    Current property prices in Vic Fezensac reveal a mixed landscape for potential buyers. As of late 2023, the average price per square meter for residential properties sits around €1,900, which is an increase from €1,750 earlier in the year. This upward trend is driven by the town's appeal in the Gascony region, particularly for those seeking a quieter lifestyle. For instance, a two-bedroom house that previously sold for €150,000 is now listed for approximately €165,000, reflecting a broader market trend of 10% price growth over the past year. Meanwhile, three-bedroom family homes average around €250,000, with some listings even reaching €300,000, depending on the location and amenities available. Moreover, the local rental market also shows activity, with rental prices averaging €750 for a typical two-bedroom apartment, which could offer investment opportunities for buyers considering rental income potential.

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