Contemplating a move to Narbonne? Discover the latest real estate insights, including an average property price of €2,563/m² as of January 2025, with a 2.4% increase over the past year. Rental prices average €10/m², reflecting a 1.9% rise. Explore detailed data on various property types and rental categories to guide your decision. Equip yourself with essential information for a successful transition to this charming city. Happy house hunting!
Considering a Move to Narbonne? Here’s What You Need to Know
If you’re contemplating a relocation to Narbonne, you’re in for a treat! By leveraging insights from the National Real Estate Federation and the Clameur Observatory, you can gain a clearer understanding of the current prices and rental trends within the city.
As of January 1, 2025, the average price for purchasing property in Narbonne stands at €2,563 per square meter, based on the Fnaim index. Over the past year, this index has shown a respectable growth of 2.4%, although a recent three-month analysis reveals a slight dip of 0.9%. When looking at the past three years, prices have surged by an impressive 11.1%.
Real Estate Prices in Narbonne: January 2025 Insights
A close examination of the Narbonne real estate market as of January 1, 2025, reveals varying average prices per square meter, based on property types. Here’s a breakdown:
- Houses: €2,984/m²
- Apartments: €2,271/m²
For more specifics on different property sizes, consider the following average transaction prices:
- House T3: €3,473/m²
- House T4: €3,098/m²
- House T5: €2,842/m²
- House T6 and more: €2,777/m²
- Apartment T1: €2,274/m²
- Apartment T2: €2,461/m²
- Apartment T3: €2,370/m²
- Apartment T4 and more: €2,125/m²
It’s worth noting that the average price per square meter in Narbonne is 25% higher than the department average of €1,911/m².
Rental Trends in Narbonne: A Year in Review
Thanks to Clameur data, you can easily access rental prices for leases signed in Narbonne over the past year. This information provides valuable insights into the rental landscape, tailored to your housing preferences.
On average, renters in Narbonne are paying €10 per square meter (excluding charges) for apartment rentals, which represents the median rent calculated over the last four quarters. The rental market is on an upward trajectory, reflecting a 1.9% increase compared to the previous year.
Here’s a detailed look at the median rents (excluding charges) for various rental categories in Narbonne over the last four quarters:
- Apartment T1: €14/m²
- Apartment T2: €11/m²
- Apartment T3 and more: €9/m²
When comparing this year’s rental income to last year’s, notable increases are seen: +1.6% for T1, +2.9% for T2, and +1% for T3 and more. Over a five-year span, T1 rents have declined by 9.9%, while T2 and T3 rentals have appreciated by +6% and +5.1%, respectively.
Understanding median rents is crucial, as it indicates that half of the rental prices fall below this figure, while the other half exceed it. This metric offers a more accurate snapshot of the market than average values, which can be skewed by outliers.
Preparing to Settle or Invest in Narbonne
Before embarking on your journey to settle or invest in Narbonne, it’s essential to equip yourself with the right information. Familiarize yourself with the local real estate trends, and consider using available tools to evaluate property prices effectively. Happy house hunting!