{"id":112243,"date":"2021-07-27T11:07:07","date_gmt":"2021-07-27T16:07:07","guid":{"rendered":"https:\/\/sobarnes.com\/all-destinations\/lextraordinaire-ruee-sur-le-marche-de-deauville\/"},"modified":"2021-07-28T05:07:00","modified_gmt":"2021-07-28T10:07:00","slug":"the-extraordinary-property-scramble-deauville","status":"publish","type":"post","link":"https:\/\/sobarnes.com\/en\/realestate\/the-extraordinary-property-scramble-deauville\/","title":{"rendered":"The extraordinary property scramble in Deauville"},"content":{"rendered":"

Parisians have been flocking to Deauville since spring 2020 and the introduction of the first health restrictions. Which has led to a 15-20% price rise in just one year. And this trend is continuing into summer 2021, with demand largely outstripping supply according to the BARNES Deauville<\/a> office.<\/h4>\n

In the wake of a year marked by a stampede of Parisian buyers snapping up primary and secondary residences in Deauville, some heavy question marks hung over the first half of 2021. Would the craze continue? \u201cThe trend has actually accelerated,<\/em>\u201d says B\u00e9n\u00e9dicte Belvisi, Director of BARNES Deauville. Between January and June\u00a02021, we posted turnover in excess of the entire year 2020!\u00a0This trend is not entirely unprecedented, however, as it is something we\u2019ve been seeing since 2017, a year marked by the \"gilets jaunes\" (yellow vests) strikes in Paris<\/em>\u201d.<\/p>\n

Parisians are rediscovering Deauville and are increasingly looking to sell their primary residences in the capital (or their holiday homes in Provence or on the French Riviera) and move to Normandy. \u201cThe leap in quality of life is instant<\/em>\u201d, says B\u00e9n\u00e9dicte Belvisi. \u201cSince its creation in the 19th<\/sup>\u00a0century, Deauville has been considered a natural extension of Paris, the open air, the sea and greenery at that!\u00a0What\u2019s more, there are plenty of activities on offer, and the town even has a new cultural centre, Les Franciscaines, since 13\u00a0May\u00a02021, comprising a museum, an auditorium and temporary exhibitions.\u201d <\/em><\/p>\n

However, the health situation has blocked foreign buyers from the Deauville property market for the last year. Only Belgian clients seem to be returning, and timidly at that, this summer.<\/p>\n

New buyer expectations <\/strong><\/p>\n

\u201cYoung people are increasingly dominating the buyer\u2019s market: they want to create a family retreat in Deauville where they can spend several days a week, especially since they can work from home<\/em>\u201d, explains B\u00e9n\u00e9dicte Belvisi. The most common scenario is that of people looking for a semi-primary residence in Deauville, but some buyers have deliberately left Paris to move to Normandy permanently and enrolled their children in schools.<\/p>\n

These buyers have greater financial means than before for their buying plans in Deauville, with transactions exceeding \u20ac3\u00a0million becoming frequent these days. Comfortable budgets that were previously used to buy property in Paris, Provence or on the French Riviera, in particular.<\/p>\n

Outdoor spaces are a near unanimous demand, whether for houses or apartments. So much so that properties without one have been taken off the market to instead be potentially rented out. \u201cAs for the countryside, buyers want properties in a calm, unspoilt setting<\/em>\u201d, says B\u00e9n\u00e9dicte Belvisi.<\/p>\n

Which properties are most in demand?<\/strong><\/p>\n