Toulouse: municipality by municipality, the price of accommodation in Haute-Garonne
Real estate broke all its records in the department and in Toulouse in 2021. Focus on prices which fear to stabilize in 2022 with the crisis and the war in Ukraine. We note in particular + 7.1% for old apartments in Haute-Garonne and + 9.6% for old houses in Toulouse.
The data from the Chamber of Notaries is indisputable. They reflect the exact amount of real estate transactions carried out in 2021 (sales of old and new apartments, old and new houses and building land).
Their publication on March 22 reveals a general increase in real estate prices in 2021, against a backdrop of a 12% increase in sales volume over the year. An increase that could stabilize in 2022, with the uncertain global environment following the war in Ukraine, the tightening of credit conditions by banks and the risk of inflation linked to the rise in energy and material prices premieres (La Dépêche of March 23).
The old more than the new
The price of old apartments thus accelerated by 7.1% in Haute-Garonne (median price 2,820 euros per m2) in the year and 8.4% for old houses in the department (median price 271,000 euros). Old houses in Toulouse, which are rarer, even lost 9.6% in 2021, reaching the median price of 378,700 euros in the Pink City.
The increase in new apartments is more appropriate, 3% in Haute-Garonne (median price 4,210 euros) and 3.2% in Toulouse (4,410 euros) while building land, which became very marginal before the Covid, is experiencing a regains interest (+28% in sales volume in 2021) and prices, with an increase of 5.2% in 2021 in Haute-Garonne (median price 89,400 euros).
Saint-Étienne five times more expensive than Reynerie
The table that we publish (next page) on the price of old apartments by district in Toulouse reveals a real abyss between the prices in the least popular districts and the most upscale sectors of the hypercentre. the gap is thus almost 1 to 5 between Reynerie (1,230 euros per m2) and Saint-Etienne (5,710 euros). Almost all of the city center intraboulevards is above the 4,000 euro mark per m2, or 12 districts of the hypercentre, with even four districts above 5,000 euros (Saint-Etienne, Saint-Georges, Capitole and Carmes). Note the record increase in starch makers (+10.2% to 4,380 euros per m2). La Patte d’Oie, Rangueil and Casselardit are also on the rise, unlike Croix-Daurade, which suffered a drop of 6.6%.
Balma at the top for houses as for apartments
Balma has become the most expensive municipality in the department, whether for old apartments or old houses (see opposite). A place which, however, may have reached a peak, since the median price of old houses peaks there at 450,800 euros but down 4.5% over one year. Balma also ranks first for old apartments (3,370 euros per m2) but with an increase of 5.4% in one year.
Note, for houses, the increases in Pibrac (+10.7%) which now occupy 2nd place, Saint-Orens (+12.2%), and especially the boom in northern Toulouse (Launaguet, Aussonne, Castelnau d ‘E., Aucamville) which flirts with a 20% increase, as well as Labarthe-sur-Lèze, Portet and even Revel around a 15% increase.