The state of the real estate market in the Gulf of Saint Tropez: 2019 review

The end of 2019 is approaching, the time has come to take stock of the real estate market over the last months!

The Gulf of Saint Tropez is a dream destination for many people who wish to settle in a privileged area of the French Riviera. While tourism continues to perform well with seasonal rentals that are increasingly sought after and in demand, the region's overall real estate market is also not in crisis.

Thanks to a more open market with a variety of properties for sale in recent years, French and foreign buyers have continued to invest in the Gulf of Saint Tropez, boosting supply and demand this year.

Apartments, studios, houses, villas, the choice of real estate in the Gulf of Saint Tropez has continued its real estate diversification begun in 2018 with the arrival in 2019 of a new cycle even more focused on the purchase / sale of second homes and semi-private homes.

On the rental side, the Gulf of Saint Tropez remains stable while benefiting from the abundant offers and the contrasting market bringing in new buyers to feed seasonal rentals.

Real estate transactions Gulf of St Tropez: the boom in the purchase of second homes

With more than 3.4 million properties for sale as second homes, France is the champion in this field.

With its ideal context between sea and hills, its high rate of sunshine at 2,788 hours/year and its reputation as the most visited destination after Paris, the South-East and especially the Var is popular with people looking to buy a house or villa.

This is this year's highlight in the Gulf of Saint Tropez real estate market: second homes have experienced incredible growth in the region this year.

As supply and demand have diversified with the sale of old houses by the new generations of former owners, real estate is becoming less scarce and is of increasing interest to buyers from England, Belgium, Germany, Holland but also from the Paris region looking for a pied-à-terre in the South East of France.

While the market for buyers of primary residences remains stable, the sale of secondary or semi-principal residences has taken over the market in recent years. A trend that continued in 2019 with a boom in the purchase of houses / secondary apartments in the Gulf of Saint Tropez.

In the ranking of the 50 dream places to install your second home established this year by Le Figaro Propriété, the Gulf of Saint Tropez is also good first in the list.

Grimaud in the top of the dream second homes

At the top of the 2019 study of dream second homes, Grimaud is on the first step of the podium.

In the heart of the French Riviera, Grimaud has attracted more and more buyers looking for a second home in recent years. With its ideal location between countryside, wild spaces, sea, scrubland and forest, Grimaud is a privileged place in the Var where it is good to live and therefore good to buy!

Thanks to the charm of the city's ancient heritage and the famous lake city of Port Grimaud, the sale of second homes, houses, villas, apartments or studios has never been better.

Prices of houses for sale in the Gulf of Saint Tropez 2019

Are you looking for a house to buy in the Gulf of Saint Tropez? To launch your purchase with complete peace of mind, you must first and foremost know the state of the market.

Logi-Service, a real estate expert based in Port Grimaud, offers you an inventory of the real estate market for houses in the Gulf of Saint Tropez to help you make sure you are not mistaken in the acquisition of your future residence.

Real estate market prices in 2019 range from €320,500 to €995,000 for the purchase of a luxury house in the Gulf of St Tropez (83). This year's heterogeneous market justifies this price difference between seaside villas, houses with moorings in Port Grimaud or an old house on the land.

In terms of sales distribution, the real estate sold is fairly evenly distributed with a small majority of houses with 6 or more rooms (27.7%), followed by houses with 1 to 3 rooms (26.8%), houses with 4 rooms (25.9%) and finally houses with 5 rooms (19.6%).

The median price for a house is set in 2019 at €627,600.

A drop in market prices combined with a low credit rate of 1.27%, which explains the new dynamism of the real estate sector in the region.

Calculations made over the period from 01/05/2019 to 31/07/2019 - Source: Notaires de France - PERVAL database

The prices of apartments for sale in the Gulf of Saint Tropez 2019

If you want to buy an apartment in the Gulf of Saint Tropez or Grimaud, you should have the right information on the real estate market to make a purchase at the right price and/or sell at market prices.

In 2019, the level of apartment sale prices in the Gulf of St Tropez is set at the median price of €4,230 /m².

Prices vary from 3,460€/m² and 5,240€/m² depending on the properties and their location. In a rather homogeneous market for apartment searching, you can find via the right agency the apartment to buy that you want in the Gulf of Saint Tropez.

In order of the cities where prices are among the highest, we note Saint Tropez and Ramatuelle then Gassin, Grimaud, La Croix Valmer and Cavalaire sur Mer which are in the median prices and finally Cogolin which is located just below.

The price depends of course on the properties for sale, their size and their geolocation. The distribution of sales in 2019 shows that T2 and T3 apartments are the most favoured apartments in the region.

At the top of the list are 2-room apartments (40.5% of sales), then 3-room apartments, which represent 27.7% of apartment sales, followed by studios for 22.5% and finally large 4-room apartments (6.4%) and apartments with 5 or more rooms (2.9%).

Calculations made over the period from 01/05/2019 to 31/07/2019 - Source: Notaires de France - PERVAL database

Seasonal rentals still in vogue in Port Grimaud

Because it is mainly a tourist location, the Gulf of Saint Tropez and Port Grimaud attract many visitors from France, Europe and elsewhere every year.

This year again, the trend towards seasonal rentals has been strong.

Just as in the case of real estate purchases, it is the second homes that clearly take over the market, it is in the same way that seasonal rentals have priority over annual rentals.

In 2019, seasonal temporary rentals were favoured on the market with prices as different as the properties for rent. Prices vary according to the length of the rental period and the property rented.

If you choose a fisherman's house with a berth in Port Grimaud, a large villa with a swimming pool and/or sea view or a small apartment, you will benefit from a wide range of prices for your stay on the Côte d'Azur.

The real estate market in the Gulf of Saint Tropez around Port Grimaud therefore continued to evolve in 2019. Second homes for sale are in high demand, as are seasonal rentals that make the Côte d'Azur market dynamic.

Do you need advice on buying a property and/or managing your property near Grimaud? The Logi-Service team accompanies you to realize your real estate project in the Var (83