The growth of the real estate market in Thonon
Thonon-les-Bains is a city located in the department of Haute-Savoie in France. Located on the shores of the prestigious Lake Geneva, it is famous for its thermal baths and its panoramic views. The real estate market in Thonon-les-Bains is very dynamic and attracts many investors.
The real estate market of Thonon-les-Bains is very diversified. You can find as real estate for sale and for rent: houses, apartments, land and even prestigious properties. Depending on the location, the area, the general condition and the size of the property, the prices can vary.
Apartments are very popular in Thonon-les-Bains. They represent about 60% of real estate transactions. Prices vary according to the size of the apartment, its location and its general condition. Studios and small apartments are the most affordable and are in great demand by first-time buyers as well as investors who want to rent out their properties. They are generally offered from €100,000. Larger apartments, of the 3-room, 4-room or 5-room apartment with two or three bedrooms, can cost up to around €500,000 and attract many families.
Houses are also very sought after in Thonon-les-Bains. They represent about 30% of real estate transactions. Single-family homes are the most numerous on the Thonon-les-Bains real estate market. Prices vary depending on the size of the house, the area and the condition of the property. The cheapest houses are generally offered from €200,000 and are aimed at people with renovation projects. Larger properties, with four or five bedrooms, can cost up to €1 million.
In Thonon-les-Bains, land is also popular and rarer for sale. For a construction project, it is preferable to extend your search to neighboring communes such as Allinges, Le Lyaud, Armoy, Margencel. The purchase of building land represents about 10% of real estate transactions. They are generally offered from €100,000 . The most expensive plots of land are generally located in popular residential areas and their prices can rise considerably.
Prestige properties are also present on the Thonon-les-Bains real estate market. They are very popular with wealthy buyers. Prices vary according to the size of the property, its standing but especially its very popular location such as the port of Thonon, the shores of Lake Geneva, the Ripaille area or the Concise area. Prestigious properties offer panoramic views of Lake Geneva, top-of-the-range services and are generally offered from 1 million euros.
The real estate market in Thonon-les-Bains is very dynamic. Prices have increased considerably in recent years. This price increase is explained by the high demand because Thonon-les-Bains is a very popular city for its exceptional living environment, its economic dynamism, and its proximity to Switzerland. Thonon has a large clientele of border workers. You can read our article on "Border workers: economic and social issues" here.
The real estate market in Thonon-les-Bains is also driven by investors. Many investors buy properties in Thonon and its surroundings to rent them. The rental yields are indeed very interesting in this city. Investors can thus realize significant capital gains by buying properties in Thonon-les-Bains.
The real estate market in Thonon-les-Bains is also supported by public policies. The city has indeed put in place measures to encourage the construction of new housing. These measures aim to meet the high demand for properties in this city and to improve the supply of housing. Read our article "The new housing market in Thonon-les-Bains" here)
In conclusion, the real estate market in Thonon-les-Bains is very dynamic and attractive. Prices have increased significantly over the past few years, due to the increase in new buyers in the Thonon area.
If you are considering selling your property, it is important to have its value assessed by a professional. An estimate of your property at the current market price in Thonon will allow you to set an appropriate selling price and attract potential buyers. Don't hesitate to contact a trusted real estate agent for a free, no obligation estimate. This is the right time to sell your property.
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