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In the countryside, there have never been so many sales of houses with agricultural land – Buying Selling



Sales of homes in the countryside are at an all time high

Sales of homes in the countryside are at an all time high (© AFP)

More than 110,000 houses in the countryside changed hands last year, with an average price of each lot of 182,000 euros.

(BFM Immo) – Allergy to confined urban spaces, rise of teleworking: the health crisis resulted in 2020 by a “record number” of transactions relating to houses in the countryside, reported Thursday the national federation of regulatory bodies of land (FNSafer).

A “record number of transactions” (111,930) was reached in 2020, up 6.6% over one year, FNSafer reported during the presentation of its annual report on rural land markets. Total amount: 23.5 billion euros (+ 12.1%). The average price of each lot is 182,000 euros (+ 6.4%), for an average surface area of ​​5,620 m2.

A lasting “reverse exodus”?

This market was “boosted by the search for space, the rise of teleworking or even the change of main residence”, detailed Loïc Jégouzo, design engineer. He notes that the average age of buyers has increased (44 years and 8 months, +7 months).

“Many of our fellow citizens wish to change their place of life and their way of life,” noted the president of the FNSafer, Emmanuel Hyest. “I think that this exodus reversed compared to what we have known in recent decades will be sustainable,” he added, noting that the trend was confirmed in the first months of 2021.

The only growing market

“Will they be farmers tomorrow? It is not certain. We live differently, we do not become a farmer,” added Mr. Hyest. In the sense of the Safer, a house in the countryside is a building used as a residence (primary or secondary) sold with agricultural or natural land of less than 5 hectares, free of lease, acquired by non-farmers.

The Safer (land development and rural establishment companies) are responsible for overseeing, on behalf of the State, transactions relating to land, meadows, vines and forests. In these rural markets, the country house market is the only one that has grown in this particular year.

Outside these rural areas, house sales are progressing everywhere in France, with prices which increased by 6.5% over one year in the first quarter according to INSEE and notaries.

(With AFP)

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