Last night a website popped up on my wifes pc and caused her some concern. It gave land values per m2 and a likely house price which did seem a bit on the low side thus upsetting my wife. I told her not to worry as we are not selling anytime soon and its just a rough guide. Then of course it got into my head as well and I wondered with the site below if others thought it representative of their local or some way out?
My house has apparently increased in price by over €100k since it was built 2022 when I see a couple of older smaller ones up for sale locally on the same estate and what they are asking for them but my co-propriete neighbour and I got the land for half of what the other plots next to us went for as he started his house before mine was started and knew the costs. Not tempted to sell though as would not find the same for what I could afford and also the Notaire warned me to wait at least four years if I wanted to sell, taxes again no doubt.
I signed up out of curiosity (we have no intentions of selling) with Meilleur Agents who also send regular estimated changes in estimated value. In a very rural area like ours it seems hit and miss whether anyone wants to buy. Eg a neighbours mother’s house sold recently for twice as much as they expected for the house, depressed mainly due to the extremely high estimates of roof and other repairs. But it sold to a retiring Dr from Paris returning to his roots.
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I think it covers the ground reasonably well. Plus giving the recent real sales prices is convenient - you can get them on data.gouv if you want to drill down to cadastral parcels but this is adequate for most.
Not looked at other areas but for ours is it right. There variation between properties is reflected, and it pinpoints the small areas that are sought after here.
But yes, depressing. We will be selling our place soon and were it next to Annecy we would be multi-millionaires. But we’re not. So €2000 a m2 not €12000 seems accurate.
The French are obsessed with €/square metre and just about every French property website will have some sort of value estimating tool.
The problem is that these tools only work for very similar properties, especially apartments in the same district of the same city.
Out in the sticks, they are about as much use as a chocolate teapot.
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There are a lot of variables that determine house prices, apart from the obvious meterage, location and condition.
We have various immobiliers cold calling at our gate on a regular basis asking if we would like to sell. Seems the village is popular.
Buyers are not stupid. There is a general property square metre price and then added values such as modernised kitchens and bathrooms, flagstone or wood flooring, timber double glazing, views, a sound roof, security, pool and landscaping etc. A well presented interior and quality photographs certainly cannot hurt but of course, design taste is subjective.
All it needs is one buyer with funds being able to find your property. Especially, international markets. And hopefully, not too many looky lookers with ulterior motives.
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I found the site a bit unstable, but the average price it gave per m2 seemed par for the course around where we live.
It really depends where you live. Where I am now, my house is most likely devalued by 30-40% over what I paid, but then I lived in the capital where the average price in that area is just over 10k per square metre and has continued to climb hugely over the years.
As they intended, and I think you may regret it. Prepare to be bombed with unwanted emails.