what is the price to settle in Annecy in 2022?
The Annecy real estate market will still remain dynamic and largely bullish in 2022. Depending on the sectors and types of property, there are significant advances. Analysis.
Understanding the sectorization of the Annecy real estate market
Prices are high in the Annecy area. However, they differ from one sector to another. Before scheduling visits, it is necessary to know this sectorization so that your budget is compatible with the market.
- The much sought-after golden triangle : this is the sector near the most expensive lake, it is located between the Galeries Lafayettes, Bonlieu and the avenue d’Albigny. The price often reaches 5,300 € per m².
- The historic center area is essentially in a pedestrian zone. It includes the Old Town of Annecy. The price level is around €5,000 per m².
- The area between Avenue de Cran and Place des Romains is a little cheaper with prices between €3,200 and €4,500 per m². Prices drop as you move away from the Place des Romains.
- To the north of the city, in the Roman-Teppes district, prices are more affordable with an average of €3,500 per m².
- The south of the city with the Balmettes district presents great opportunities for first-time buyers around €3,800 per m². With the district of the Romans, it allows to live near the city center of Annecy.
- The area outside the Rocade is attractive, with many public facilities (swimming pool and ice rink). Well served by public transport, it costs €3,200 per m².
In Annecy, properties for sale are quite rare, so you have to be particularly responsive. We advise you, to settle in Annecy, to choose the sector that suits you and to define your maximum budget. To position yourself quickly, you can follow the Facebook pages of real estate agencies, inquire frequently on classified ad sites and also directly question the inhabitants of a residence.
Afterwards, an appointment with a notary will be necessary to formalize the purchase of your property, which will need to be insured. With Groupama and its home insurance, you will find formulas that will be adapted to your type of property: house or apartment. All you have to do is move in.
Purchase prices
The prices and rents indicated in the rest of the article are given by the National Federation of Real Estate. Whether you want to make a rental investment or buy to live in, the average selling price on March 1, 2022 was €4,800/m². In one year, prices have increased by 4%, which illustrates the dynamism of the local market. Over the last three years, the situation remains the same with an increase of 14.8%.
To acquire a house, you have to pay on March 1, 2022, €4,825 per m² compared to €4,805 for an apartment. Prices in Annecy are 9% higher than the average for the Haute-Savoie department.
Rental prices
Demand for rentals is strong throughout the Annecy urban area. The prices are therefore high. The median rent for an apartment is €15 per m² (excluding charges). But the prices are very different depending on the typology and the surface. Over one year, prices increased by 2.5% on average.
For small surfaces, the increase is 8.5% for T1 and it takes 19 € per m². T2s are almost stable with a rent per m² of €15 and T3s with a rent of €13. Social rental housing allows you to benefit from reduced rent. However, the demand is strong, you have to put yourself on the waiting list for a few years.
The evolution of real estate prices over time
For households planning to settle in Annecy over the long term, buying a property is much preferable to renting. Although borrowing rates have risen slightly, they remain at very low levels. The real estate market is largely bullish in the medium to long term in the agglomeration. It is therefore a very interesting investment. We really cannot speak of a decline for decades, but rather of a phase of price consolidation.
A territory taken
The city of Annecy is located in the department of Haute-Savoie in the Auvergne-Rhône-Alpes region. Its population is 128,199 inhabitants who can use multiple public facilities: sports park, library, theater, cinemas. The city benefits from a great influx of tourists. The region is a magnificent playground for sporting activities. Many disciplines can be practiced between lake and mountains. During the winter, resorts near Annecy, such as La Clusaz and Le Grand Bornand open their ski areas.
This territory benefits from a strong dynamic economy with cutting-edge sectors such as bar turning, animated image, the outdoor sports industry and a highly developed digital sector. The proximity of the city of Geneva attracts many cross-border workers who seek to work in Switzerland to benefit from high salaries.