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The properties of small municipalities are experiencing unprecedented success largely because of the health crisis.
Rural areas are experiencing a real estate revival, especially cities located 1 hour 30 minutes from large cities. Since the beginning of the year in these municipalities, the price of real estate has increased by 7.4% against + 3.3% in the big cities. Over the past three months, the increase has been 1.8% in Limoges (Haute-Vienne), 1.7% in Reims (Marne), 1.6% in Caen (Seine-Maritime), 1.3% in Montpellier (Hérault). Conversely, some large cities have experienced decreases of 1.5% in Lille (North), 1.1% in Strasbourg (Bas-Rhin) or 0.6% in Grenoble (Isère).
Also, in the capital, prices have fallen by 1.3% in one year. This is the Covid-19 and containment effect. Buyers are looking for space, houses are particularly popular and their price has increased by 6.2%, against 3.3% for apartments. But we must put these data into perspective: the price of real estate has been soaring for five years and price variations are relatively insignificant.
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