The real estate market of the Gulf of Saint Tropez: 2020 review
Despite the particular year that has passed, the time has come for the real estate balance sheet!
The real estate market in the Gulf of Saint Tropez is very attractive and many people want to come each year to settle in the famous Gulf of Saint Tropez to spend quiet days on the shores of the Mediterranean.
Despite the significant impact of the health situation this year on the, the Côte d'Azur and the Var represent 23% of all summer bookings in 2020. While the seasonal rental market has generally been able to absorb the effects of the COVID-19 pandemic, the region's global real estate market has also been able to maintain itself.
In recent years, the real estate market in this region of the Côte d'Azur has opened up and many international and French buyers have pursued their desire to invest in the Gulf of Saint-Tropez . Result: the real estate market continued its positive momentum in 2020.
The rental and seller market in the Gulf of Saint-Tropez has remained stable this year. It even rose slightly, attracting new investors who continue to increase the supply of seasonal rentals.
The news 2021
As of 1 January 2021, the United Kingdom (England, Wales, Scotland, Northern Ireland) will become a third state.
Consequently, its residents will have to for their real estate and transferable capital gains:
- Be subject to social security contributions at the rate of 17.2%
- Appoint a tax representative – the SARF for example – as soon as the selling price is more than €150,000 and the property has been held for less than 30 years.
Mandatory, since 2011, the ECD must be mentioned on every real estate announcement of sale or lease, AND in the appendices of notarial deeds or leases.
The diagnoses were valid for 10 years. But as of July 1, 2021:
- Those carried out between 1 January 2013 and 31 December 2017 will only be valid until 31 December 2022.
- Those carried out between 1 January 2018 and 30 June 2021 will only be valid until 31 December 2024.
The rise of second homes in the Gulf of Saint-Tropez continues in 2020
While last year there were 3.4 million second homes in France, there are now 3.5 million second homes in 2020!
Whether it is to get together with family or to get away from everyday life, second homes are more and more people dreaming of and demand has increased following the confinements linked to the health crisis.
It must be said that the Gulf of Saint-Tropez benefits from a dream setting on the shores of the Mediterranean . This paradisiacal place, one of the sunniest in the country, arouses the enthusiasm of lovers of the Côte d'Azur from France and elsewhere who do not hesitate to acclaim it by buying real estate there. Port Grimaud reinforces this attractiveness with a marina of more than 2000 boat places.
After a meteoric boom in the second homes market in 2019 , with the arrival of many foreign and Parisian buyers and a significant diversification of supply and demand, the year 2020 has further reinforced this phenomenon following the health crisis.
Following the first confinement, 37% of those questioned said they wanted to settle permanently in their (future) second home.
Faced with a market for main residences which remains rather stable, that of second or semi-main residences is further strengthening and continuing its incredible growth.
The ranking produced by Le Figaro Property of the best localities in which to set up a second home makes the municipalities of the Gulf of Saint-Tropez the big winners.
Port Grimaud and Grimaud once again first on the list of dream second homes in 2020!
As in 2019, it is the municipality of Grimaud that finishes first in the ranking of localities in which to set up a second home.
Nestled in the heart of the Gulf of Saint-Tropez, Grimaud enjoys a prime location in this little corner of paradise and is popular with tourists and locals alike wishing to enjoy the medieval village and its cultural activities, or still surrounding wild spaces.
Thanks to all its many assets arousing the envy and covetousness of buyers, the second home market is not experiencing the crisis.
We should also note that several other municipalities in the Gulf of Saint-Tropez are performing well in this market. Indeed, Gassin is in third position in the standings, followed by Rayol-Canadel-sur-Mer (4th), Ramatuelle (5th) and Saint-Tropez (6th).
Le Figaro Properties - 2020 list of cities where to set up a second home
The selling prices of houses in the Gulf of Saint Tropez - 2020
Do you want to buy a house in the Gulf of Saint Tropez, Port-Grimaud or Grimaud? Knowing the right information about the real estate market is in your best interest to make a purchase at the right price.
A specialist real estate agency based in Port Grimaud, Logi-Service provides you with an inventory of the housing market in the Gulf of Saint Tropez to guide you in the best way in the purchase of your future property.
The real estate market prices in 2020 in Port Grimaud are in a price range between € 190 000 and € 1 400 000 for the purchase of a luxury villa.
As in previous years, the heterogeneity of the real estate market and the associated wide range of prices are justified by various real estate arguments. House near the seaside, acquisition of a mooring ring in Port Grimaud associated with the house or the geographical position between sea and countryside of a Provencal house with the charm of the old are all criteria that vary prices in addition to location.
Leading sales, large houses with 6 rooms and more gained ground compared to 2019 with 38.8% of the market share, followed by houses with 4 rooms (22.6%) fell slightly, as did houses with 1 to 3 rooms (19.9%) and those with 5 rooms (18.7%).
The median price of a house in the Gulf of Saint-Tropez in 2020 is € 675,000.
The dynamism of the real estate sector in the region is also maintained thanks to an advantageous and stable lending rate at 1.31%, against 1.27% last year.
Calculations carried out over the period from 07/01/2019 to 06/30/2020 - Source: Notaires de France - PERVAL database
The selling prices of apartments in the Gulf of Saint Tropez - 2020
If you are looking for an apartment for sale in the Gulf of Saint Tropez, you must know precisely the state of the real estate market in the location before you start so as not to make mistakes.
First of all, note that the median price in 2020 is € 4,410 / m² , slightly up on the previous year (€ 4,230 / m²).
The apartment real estate market is generally homogeneous.
The goods for sale are in an oscillating range of € 3,540 / m² and € 5,370 / m² depending on specific features and respective strengths.
For example, location is one of the major levers on prices: they are highest in Saint Tropez and Ramatuelle, medians for Gassin, Grimaud, La Croix Valmer and Cavalaire sur Mer and finally Cogolin which is placed in the lower range of purchase prices.
The prices of course also depend on the service offered by the goods for sale, including their surface area and the number of rooms available. Moreover, in 2020 as in 2019, it is the T2 and T3 that are popular in the region , with respectively 39.1% and 28.0% of sales this year.
For the rest of the distribution of sales, studios occupy the third position with 22.5% of the market share, and finally T4 (9.2%) and T5 and more (2.3%).
Calculations carried out over the period from 07/01/2019 to 06/30/2020 - Source: Notaires de France - PERVAL database
See the sales advertisements in Port-Grimaud
Seasonal rentals still stay the course in Port-Grimaud
Port Grimaud attracts large numbers of tourists every year, whether they come from France or abroad.
The citythanks to its design assets and its tourist resort status , é lacustre retains a real attraction for marina enthusiasts.
It is therefore no surprise that seasonal rentals are once again taking over long-term rentals this year! This phenomenon is ultimately mirrored by the second home market dominating that of primary homes.
56% of people surveyed who wish to acquire or already own a second home wish to rent it out in order to make it profitable and limit costs.
The prices observed for temporary rentals obviously depend on the duration and many parameters inherent in each property to be rented.
If you rent a large villa with swimming pool and / or with sea view, a fisherman's house with post of mooring in Port Grimaud or for a small apartment, you can offer a wide range of prices for people wishing to stay in the heart of the Gulf of Saint-Tropez.
In conclusion, the real estate market in the Gulf of Saint-Tropez is therefore continuing to rise despite the particular context of 2020.
Highly sought after second homes, like seasonal rentals, allow real estate on the Côte d'Azur to remain very dynamic and the interest rate still favorable at 1.31% promotes real estate investment again this year.
Do you need advice on buying property in the Gulf of Saint Tropez? Are you looking for an agency to manage your property near Grimaud? The professional real estate agency Logi-Service supports you in carrying out your real estate project in Port-Grimaud and in the surrounding towns (83).