“Prestigious real estate is still accessible in Avignon “
Gisèle Dinolfo, head of the Andaon agency in Avignon enlightens us on this very popular Avignon market.
Why buy a prestigious property on Avignon ?
Avignon is a world-famous city with a rich history, hosting one of the most prestigious theatre festivals every year, offering its inhabitants a pleasant living environment with its unique architecture and its many shops. Moreover, Avignon benefits from an excellent transport service, thanks to its TGV station, it is only 3 hours from Paris and 1 hour from Marseille and Lyon.
Where can I find mainly luxury goods on commune ?
Upscale real estate is mainly concentrated in the hyper-centre of Avignon, in the western districts of the city and in the historic area around rue de la Banasterie, mostly in Haussmann-style buildings or 17th and 18th century mansions.However, it is possible to find prestigious properties outside of these districts and in more recent buildings. If the location of the property is an important criterion, it sometimes happens that buyers prefer the rarity of the property to its geographical location. Outside Avignon, upmarket real estate is also very popular in the communes of the first belt of Avignon.
Can you give us an idea of the prices of high-end real estate that can be found in the downtown area of Avignon ?
In Avignon, the prices of this type of property remain affordable compared to those practiced in cities of similar size in the south of France such as Aix-en-Provence.a renovated apartment with an outdoor space and a parking lot can be sold around 2 500 to 4 000 $/m² depending on the services, in the hyper-centre of Avignon.as an example, a renovated family apartment of about 150 m² can generally be estimated on average at 550 000 $.but the prices of the most prestigious housing can exceed 1 M$.
What is the average budget to buy a prestige property on commune ?
This budget varies considerably depending on the condition, surface area and geographical location of the property.small areas can be found from 150 000 $. For family apartments, prices can go up to 800 000 $ and even beyond for particularly exceptional services.
What is your view on the state of the prestige real estate market on Avignon ?
Demand is very strong for luxury goods, which has resulted in a stabilization of property prices in Avignon. This should continue in the coming months. In addition, we have noticed since the real estate recovery that buyers have changed their search criteria and are becoming more uncompromising about the presence of an exterior or an additional room to telework, even if it means moving away from their favorite neighborhood.