Through Gabriel Kenedi
updated 21 Oct 21 at 8:07
When you live in the city, owning a apartment near a park or a garden can make it possible to make a real added value at the time of resale.
Living near a green space drives up prices
The Meilleur Agents site studied the impact of the proximity of a park or garden in the city center on the price of an apartment in the 11 largest cities in France.
And according to this study, the conclusions are final. “55% of goods sold in the 11 largest French cities are within a 15-minute walk of a park or garden. On average, the presence of a park or garden located 5 minutes on foot increases apartment prices by + 3.3%“, Notes Best Agents.
“Unsurprisingly, in general, the closer you are to a park or garden, the greater the impact on prices. Thus, all cities combined, there is on average + 3.3% on the price of a apartment, against only + 1.1% for a property equivalent to 10-15 minutes distance from a park. “.
Toulouse in the top 3 of the most beautiful capital gains
In a context where, due to the consequences of the health crisis linked to the Covid-19, more and more inhabitants are looking for more greenery, some cities have pulled out all the stops. Bordeaux, Lille and Toulouse are part of the Top 3 cities that benefit the most from the presence of green space.
So at Toulouse, a property located less than five minutes from a park increases the price of the property 10.3%, indicate Best Agents. This places Toulouse in third position in this study, just behind Lille and Bordeaux.
The example of the Jardin des Plantes
As Barbara Castillo Rico points out: “It is interesting to note that these 3 cities combine ideally near a park or garden and located in a popular district. Like Toulouse, where the Garden of plants is located between the Le Busca district and the city center, a particularly attractive location, and whose prices for an apartment peak at 5 699 euros / m2 “.
Methodology of the study
Toluna study for Best Agents among 2,722 people in July 2021.
The calculation of these impacts is based on an economic approach: the hedonic method which makes it possible to “erase” the effects of other specific features of housing. The study is based on 82,083 properties sold in the 11 largest cities in France since January 1, 2019. The parks and gardens considered are those with an area greater than 50,000 m2 or considered to be emblematic within the city. . Then the goods sold were classified according to their distance to the nearest park / garden: 500m (= 5 min walk), 1km (= 10 min walk) and 1.5km (= 15 min walk).
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