Strasbourg’s real estate market presents a varied landscape for prospective buyers, with apartment prices generally exceeding those of houses on a per-square-foot basis. Recent data, updated as of , from Properstar indicates a median price of €387 per square foot for apartments and €358 per square foot for houses.
Apartment Pricing Breakdown
The cost per square foot for apartments in Strasbourg fluctuates based on the number of rooms. Studio apartments command the highest price at €442 per square foot. Two-room apartments (pièces) are priced at €380 per square foot, while three-room apartments average €376 per square foot. Four-room and five-room apartments are valued at €378 and €383 per square foot, respectively. This suggests a slight premium for smaller units, potentially driven by demand in the city center.
House Pricing Breakdown
Houses in Strasbourg exhibit a different pricing structure. Four-room houses are priced at €365 per square foot, while five-room houses are more affordable at €328 per square foot. Six-room houses average €335 per square foot, and seven-room houses reach €384 per square foot. Notably, eight-room houses are the most expensive, at €444 per square foot, mirroring the trend seen with studio apartments – larger, more exclusive properties command a higher price.
Market Overview and Availability
As of , Properstar lists 139 properties for sale in Strasbourg and surrounding areas. These listings include a range of options, from houses to apartments, catering to diverse buyer preferences. Recent listings include a five-room house offered at $1,057,015 (approximately €980,000) and a four-room house listed for $389,551 (approximately €360,000). Another listing features an eight-room house for $1,294,546 (approximately €1,200,000).
Location Preferences
Popular locations within Strasbourg for property purchases include the postal codes 67000, 67100, and 67200. This suggests a concentration of demand in the central and immediately surrounding areas of the city. The availability of properties extends to various types, including condos/apartments, houses, land plots, and buildings.
Rental Market Considerations
While the focus of the Properstar data is on sales, the platform also facilitates rentals. The data indicates a rental market exists alongside the sales market, offering apartments and houses for rent. However, specific rental price per square foot data was not detailed in the provided information.
Broader French Property Trends
The Strasbourg market exists within the context of a broader French property market that, as of early , was experiencing a decline in prices. According to data from Longtermrentalsinfrance.com, house prices in France fell by -1.0% at the beginning of 2024, representing the fastest rate of decline in over five years. This national trend may be influencing the dynamics within the Strasbourg market, potentially creating opportunities for buyers.
Buyer Preferences and Property Features
Prospective buyers in Strasbourg can filter their searches based on a variety of criteria, including new developments, luxury properties, and price range. Other popular search parameters include properties with lifts, terraces, gardens, garages, and specific views (city, forest, garden, hill, lake, mountain, or sea). The availability of these features likely impacts property values.
Transaction Facilitation
Properstar provides resources for both buyers and sellers, including access to real estate agents, a mobile app, and real estate guides. The platform also offers an agent dashboard for professionals and facilitates the listing of properties. Tranio.com also lists properties for sale in Strasbourg, with prices ranging from €315,000 to €864,000.
Future Outlook
The Strasbourg real estate market, while showing a clear pricing structure based on property type and size, is subject to broader economic forces. The recent decline in French property prices suggests a potential softening of the market, which could impact both buyers and sellers. Continued monitoring of market trends will be crucial for informed decision-making.
