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How is the Real Estate Market in Argeles sur Mer doing?
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How is the Real Estate Market in Argeles sur Mer doing?

13 December 2021

Overview of the real estate market in Argelès-sur-Mer

At the foot of the Pyrenees and on the shores of the Mediterranean, the town of Argelès-sur-Mer has established itself as a flagship destination in the Pyrénées-Orientales department. A small town where it is good to settle down or come for a nice vacation with families or friends. A quality of life and a tourist attractiveness which support the Argelésien real estate market. Real estate reference in Argelès-sur-Mer, the Côte Vermeille agency presents today in detail the fundamentals of the latter. A useful focus for all those who feed a real estate project between sea and mountains!

Numbers

As always, the figures alone do not sum up all the driving forces behind a real estate market. Some are however to know to frame the fundamentals of the latter. According to INSEE, the town of Argelès-sur-Mer has 10,383 inhabitants for 15,741 dwellings (37.5% of houses and 59.7% of apartments). This astonishing report is explained by the presence of 10,100 second homes on the territory of this famous seaside resort of the Côte Vermeille. The barometer of notaries, which is based on recent sales in the town, estimates real estate prices at around € 2,760 / m² for an apartment. Houses are traded at the median price of 188,400 euros. Please note, these prices are an average and are given as an indication! Indeed, as in all seaside towns, for an equivalent product, prices vary greatly between the seafront and the hinterland.

The real estate offer

Initially, the village of Argelès developed in the Middle Ages set back from the sea on the banks of the Massane. The appearance of Argelès-Plage is much more recent. The attractiveness of the town has allowed its urbanization and today the land between the two entities host beautiful neighborhoods that are very different in terms of real estate offer. Le Racou offers small fishermen's houses and beautiful seaside residences, the town center of townhouses and their apartments and the most recent quarters of apartments in residences or villas of any standing! Concretely, the habitat in Argelès-sur-Mer offers an exceptional diversity suitable for all projects. Whether it is buying your main residence , your holiday home, a small pied-à-terre or making a rental investment, the real estate offer in Argelès-sur-Mer will be able to offer you a wide range of products. meeting all your criteria.

A real estate market marked by the potential of seasonal rentals

In tune with all the Pyrénées-Orientales, Argelès-sur-Mer sees its population reach peaks in summer: the tourist office lists nearly 150,000 holidaymakers there. An exceptional tourist attraction which gives seasonal rental investment a very special interest. The buyer of a second home has every interest in renting his property for the week or the weekend through a local agency like Côte Vermeille. Once again, beyond the number of beds and the standing offered, the price payable will be directly linked to the distance separating the proposed property from the beach. Count on average 170 euros per day in high season for an apartment or house and 55 euros in low season: an excellent way to optimize the real estate assets acquired in Argelès-sur-Mer!

The state of the market

The real estate market in Argelès-sur-Mer is particularly dynamic. The large number of housing units available in the municipality feeds supply, while its quality of life feeds demand. Buyers can always count on exceptionally low real estate rates (1.15% over 15 years and 1.30% over 20 years on average). Real estate prices have fallen 0.8% over the past 3 months. Have you decided to buy in Argelès-sur-Mer? House or apartment, small or large budget, there is no shortage of good deals! Your Côte Vermeille real estate agent puts all his knowledge of the Argelsian market at your service. An expert to find and acquire the ideal accommodation in one of the most attractive towns in the Pyrénées-Orientales!
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