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Uzège outlook 2017 – how much is this property?

Price stabilization

Prices had been rising steeply in Uzège in the five years up to 2008 – when the high-speed-train (TGV) first put Uzès less than 3 hours from Paris. However, since the global downturn in 2008 the local property market bubble has never quite « burst »– rather, it has “shrunk”. The financial crisis has not lead to a huge drop in prices here, rather it has resulted in prices rising at a much more sedate pace, even leveling, with buyers being more demanding and sellers a more reasonable in their expectations. Almost ten years on, the trend is the same. Primarily because demand is growing for Uzès as it becomes more well know, and the supply is limited.

Price points

For the first semester of 2017, the average real estate per sq.m transaction cost for a house in the Pays d’Uzès (32 communes around Uzès) was 2,190€ (based on 76 sales) - irrespective of type or quality.

As of November 2017, for properties requiring very little work beyond a paint job, you can expect to pay about 2,200€-to-2600€ per sq.m for old stone farmhouses with character (“mas”), 1,800€-to-2,400€ per sq.m for stone village houses (small exterior, no garden nor pool) and 1,600€-to-2,900€ for apartments (with a limited supply). Some properties (all types) can be sold for up to 4,000€ - but only a few with exceptional features. Realistically, you should come to Uzès with a minimum budget of 250,000€-to-280,000€ for a chance of finding a stone-built, 2-bedroom village house with some (small) outside space. Gardens, land and swimming pools are at a substantial premium. For those buyers with a larger budget, there are some truly wonderful properties available: large country mas formerly occupied by the Uzège gentry exchange hands for upwards of 500,000€. Because many larger properties have been parceled off, you will pay a premium for fully detached property with land and outbuildings. Properties worth more than 1m€ constitute only about 10% of the offer.

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