• Apartments: The price per square meter for apartments remained relatively stable, fluctuating around €2,500 to €3,000 per square meter in recent years. However, there was a slight increase after 2020, indicating sustained demand for this type of property.

• Houses: House prices also hovered around €2,500/m², although there was a slight decline in 2023. This trend may reflect a larger supply of houses on the Embrun market.

• Land and Commercial Properties: Land shows the lowest prices, with notable stability below €1,000/m². As for commercial properties (shops, business premises), their prices have been on a downward trend since 2020.

Sales Volume: A Market Dominated by Apartments

In terms of sales volume, apartments overwhelmingly dominate the market. In 2023, around 68% of real estate transactions involved apartments. This type of property remains highly sought after, likely due to its affordability compared to houses and increased demand for smaller spaces.

Apartment sales steadily increased until peaking in 2021, followed by a slight decline in 2023. This decrease could indicate a temporary market slowdown or reduced supply. In contrast, house sales remain more moderate, with slow but steady growth.

Price per Square Meter by Number of Rooms: Houses Offer Better Price-to-Space Ratio

The price per square meter also varies depending on the number of rooms in the property:

• Apartments: For smaller units (1 to 2 rooms), the price per square meter is slightly higher than for houses, reaching €3,000/m² for a one-room apartment. This can be attributed to the high demand for smaller units, particularly for rental investment purposes.

• Houses: Starting from 3 rooms, houses offer a better price-to-space ratio compared to apartments. Larger houses with 4 or more rooms are particularly attractive, with prices per square meter below €2,500.

Distribution of Sold Properties

In terms of the breakdown of property types sold in Embrun in 2023, apartments represent the vast majority of transactions (68%), followed by houses (17%), land (12%), and finally commercial properties (4%). This imbalance reflects strong demand for apartments and greater accessibility for a wider range of buyers.

Outlook for 2024

In 2024, we can expect relative stability in Embrun’s real estate market, with sustained interest in apartments. However, demand for houses may also rise, especially if prices per square meter remain competitive. Land continues to be an attractive option for investors looking to develop long-term projects.

Conclusion

The real estate market in Embrun offers opportunities for different types of buyers, whether for rental investment or a primary residence. With the majority of sales concentrated on apartments and stable prices for houses, Embrun remains an appealing area for buyers looking for reasonably priced properties.

FAQ About the Real Estate Market in Embrun

1. What types of properties are most sold in Embrun?
Apartments are the most sold properties in Embrun, representing 68% of real estate transactions in 2023.

2. What is the average price per square meter in Embrun?
The average price per square meter varies by property type. For an apartment, the price is around €2,500 to €3,000/m², while for a house, it is approximately €2,500/m².

3. Are property prices in Embrun increasing?
Apartment prices have seen a slight increase after 2020, while house prices experienced a small decline in 2023. The market remains relatively stable.

4. Which type of property is the most profitable in Embrun?
One-room apartments tend to have the highest price per square meter, making them attractive for rental investment. However, larger houses offer a better price-to-space ratio.

5. Is investing in land in Embrun a good idea?
Investing in land in Embrun can be an interesting option, especially if you have a long-term construction project. Prices remain stable and relatively low, under €1,000/m².

If you have any questions or need more information about the real estate market in Embrun, feel free to contact us!