By means of Gabriel Kennedy
updated on 27 Sep 22 at 18:18
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The price continues to rise Toulouse but at a slower pace than previous years.
An increase of 2.3% a year
According to the latest data provided by the notaries of Haute-Garonne, Tuesday September 27, 2022, the median price of m2 on Toulouse (in the old apartment) is 3,210 euros, ie an increase of 2.3% within a year (for a period between 1er July 2021 and June 30, 2022).
This increase is more marked on the scale of Haute-Garonne (+4.9% a year), a department where the number of sales remains very high: 15,100 old apartments sold in the first two quarters of 2022… unheard of in 10 years!
“The number of sales remains high, even extraordinary,” said Me Frédéric Giral, president of the Chamber of Notaries… who nevertheless believes that it will not last. “One of the effects we fear now is the drying up of supply,” he said.
Toulouse, 7e at the national level
In terms of price, Toulouse is now ranked in seventh place among cities with more than 150,000 inhabitants (except Paris). Prices in the Pink City thus remain cheaper than in Lyon, Bordeaux, Nice, Nantes, Lille, and Rennes, but lower than in Strasbourg, Montpellier or Marseille.
While the apartments represent “the majority of the market” in Toulouse, the price curve is flattened in the Pink City compared to some prefectures in Occitania where prices are rising: such as Rodezin Aveyron (+11%), Montabanin Tarn-et-Garonne (+10.1%) and above all Cahorsin Lot (+17.5%)!
“Something is clear effect of population displacement which increases the market, especially in Montauban, where the new residents still work in the conurbation of Toulouse,” estimated Frédéric Giral.
Reached the hypercentre glass ceiling?
In the Pink City, the hypercentre districts have reached their “glass ceiling” in terms of price?
This is what notaries think, where Toulouse remains a city with a local market, and not investors: “Beyond a certain price, there are no more customers”. This is unheard of for many years, some hypercentre sectors have seen their prices fall. The most dramatic drop is the Carmeliteswhere prices fell by 4.6% compared to 2021. To a lesser extent, prices also fell in Saint-Etienne, Capitole, or Saint-Aubin.
On the contrary, in some suburban districts, prices continue to rise, such as Saouzelong-Rangueil (+ 11%, “a district of constant and regular increase”) o Bridle (10.7%).
“Some of the residents left the hypercentre for the suburbs or the first crown, leaving their apartment for a house further from the center”, estimates Frédéric Giral. The market for old house is also rising in Toulouse: the median price for a house is 382,100 euros, or more than 22,000 euros compared to 2021 (up 6.1%). If the housing market is active in Toulouse, some cities in the first ring also benefit, such as Saint-Jean, Plaisance-du-Touch or L’Union.
Prices in your area
Here are the prices in Toulouse, district by district, in old apartments:
- Saint Etienne: €5,420/m2 (-2.4% a year)
- Saint George: €5,290 (-1%)
- Capitol: 5260 euros (-1.5%)
- Carmelites: €5,120 (-4.6%)
- Saint-Aubin/Dupuy: €5,000 (-1.6%)
- The cottages: 4990 euros (3.7%)
- Matabiau: €4,750 (-0.4%)
- Saint Cyprian: 4680 euros (3.2%)
- The Quest: 4630 euros (2.2%)
- Arnaud Bernard: €4,590 (-0.6%)
- Saint Michel: 4270 euros (2.3%)
- Starch makers: 4270 euros (5%)
- partners: 3950 euros (1%)
- bridle : 3950 euros (10.7%)
- Horseshoe : 3840 euros (2.8%)
- Paved side: 3710 euros (1.5%)
- Jules-Julien: 3660 euros (-1.1%)
- Saint-Agne: 3590 euros (1.4%)
- Guilhemery: 3570 euros (5.6%)
- Rangueil – CHR – Faculties: 3410 euros (0.9%)
- Marengo-Jolimont: €3,370 (-3.6%)
- Seven coins: 3310 euros (0.2%)
- Demoiselles Bridge: €3,300 (-6.8%)
- Casselard says: 3290 euros (7.2%)
- Minimum: 3280 euros (4.5%)
- Bonnefoy: 3240 euros (2.4%)
- Pouvourville: 3200 euros (6.1%)
- The terrace: 3140 euros (4.8%)
- His Castle: 3050 euros (3.4%)
- Lard: 2980 euros (1%)
- Saouzelong-Rangueil: 2970 euros (11%)
- Arenas: 2960 euros (2.9%)
- Montaudran-Lespinet: 2910 euros (2%)
- Saint-Martin-du-Touch: 2810 euros (8.8%)
- Juncasse-Argoulets: 2770 euros (6.7%)
- Employment: 2750 euros (no significant changes)
- Barrier in Paris: 2740 euros (1%)
- Bass Cambo: 2720 euros (3.4%)
- Stone Cross: 2670 euros (5%)
- Sea bream cross: 2600 euros (3.3%)
- Purpose: 2600 euros (3.2%)
- The land : 2550 euros (5.4%)
- San Simon: €2,460 (-0.4%)
- La Cepiere: €2,420 (-3.2%)
- The Izards: €2,320 (-0.8%)
- Fontaine-Lestang: 2320 euros (no significant change)
- The Pradettes: 2290 euros (2.2%)
- Soup: 2170 euros (-6.6%)
- Rose plant: 2160 euros (9.5%)
- The Fourguette: 2090 euros (2.6%)
- Beautiful waterfall: 1490 euros (no significant change)
- LaFaourette: 1480 euros (no significant change)
- Expires: 1420 euros (+13.5%)
- Reynerie: 1400 euros (6.6%)
Top 10 rising neighborhoods
The palm of the highest price increase goes, in order, to Papus (+13.5%), Saouzelong-Rangueil (+11%) and Patte d’Oie (10.7%). It is worth noting that in Papus and La Reynerie, prices are actually increasing but sales volumes are lower than elsewhere. “These are still low-cost neighborhoods that provide access to property,” explained Frédéric Giral.
Here are the top 10 neighborhoods where the price increase is the most marked in Toulouse (for old apartments):
- pappus (+13.5%)
- Saouzelong-Rangueil (+11%)
- Bridle (10.7%)
- rose garden (9.5%)
- Saint-Martin-du-Touch (8.8%)
- Casselardite (7.2%)
- Places called Juncasse-Argoulets (6.7%)
- Reynerie (6.6%)
- Guilhemery (5.6%)
- The land (5.4%)
Other districts that increased by more than 3% compared to 2021 are: Amidonniers and Croix de Pierre (5%); The Terrace (4.8%); The Minimes (4.5%); Cottages (3.7%); Basso-Cambo and Château de l’Hers (3.4%); Croix-Daurade (3.3%) and Saint-Cyprien (3.2%)
The top 10 declining neighborhoods
In contrast, the districts that lost the most between 2021 and 2022 were Pont des Demoiselles (-6.8%), Soupetard (-6.6%) and Carmes (-4.6%).
- Demoiselles Bridge (-6.8%)
- soup (-6.6%)
- Carmelites (-4.6%)
- Marengo-Jolimont (-3.6%)
- La Cepiere (-3.2%)
- San Etienne (-2.4%)
- Saint-Aubin/Dupuy (-1.6%)
- capital (-1.5%)
- Jules-Julien (-1.1%)
- Saint George (-1%)
(With Anthony Assemat)
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