Bordeaux prices not inflated by Parisians

The scarcity of city-centre properties has boosted prices across the whole of Bordeaux with older flats up 14.6% in a year and 9.9% for older houses. This has dashed hopes for first-time buyers, even if continuing low interest rates do give some chance for a purchase.

Notaires deny there is a ‘bubble’ with prices inflated by Paris buyers and say a look at buyers’ details shows Parisians account for the same number of owners in Bordeaux as in other towns – 7% and that this has been the case for several years.

Any property market rise is due to the city’s attractiveness with flourishing tourism and urban improvements.