France

Tarascon

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Tarascon insights

AspectSummary
PopulationApproximately 13,500 residents.
Average Property Price€1,800 per square meter.
Rental YieldAround 5%.
Average Rent€650 per month for a one-bedroom apartment.
Occupancy RateApproximately 90%.
Capital Growth RateEstimated at 3% per year.
Property TaxAround 15% of rental income.
Transaction CostsApproximately 7-8% of property price.
Expected ROIApproximately 8-10% annually.
Economic Growth ImpactStable growth due to tourism and local business.

Tarascon FAQ

  • What factors influence real estate prices in Tarascon?

    Real estate prices in Tarascon are influenced by several key factors, including location, historical significance, and local amenities. The proximity to essential services such as schools, hospitals, and shopping centers often drives demand, particularly for family homes. For instance, residential areas near the historic Château de Tarascon or the charming streets of the old town may command higher prices due to their cultural appeal. Additionally, the town's connectivity via major transportation routes, such as the A54 motorway and the nearby TGV station, enhances its attractiveness for commuters, which can further elevate property values. Seasonal tourism also plays a role; properties that cater to vacation rentals may see price fluctuations based on tourist seasons, impacting the overall market dynamics. Finally, local economic conditions, including employment rates and industrial developments, contribute to price stability or volatility, affecting buyer confidence and investment trends.

  • How do property prices in Tarascon compare to nearby regions?

    Property prices in Tarascon are generally more accessible compared to neighboring regions like Avignon and Arles. For instance, as of recent data, the average price per square meter in Tarascon hovers around €2,000, whereas in Avignon, it can reach up to €3,200 per square meter, reflecting a significant premium for the historic city. Similarly, Arles, known for its artistic heritage and Roman ruins, has an average property price of about €2,500 per square meter. The more modest pricing in Tarascon can be attributed to its less tourist-driven economy and a higher availability of properties, which attracts local buyers and investors looking for good value. Properties in Tarascon, especially older homes and apartments, often offer more space for the money, making it a competitive alternative to its more famous neighbors.

  • What is the average home price in Tarascon?

    The average home price in Tarascon, a town in the Provence-Alpes-Côte d'Azur region, typically falls between €180,000 and €250,000, with variations depending on location, type of property, and condition. For instance, a two-bedroom apartment in the town center might be listed around €200,000, while a larger three-bedroom house with a garden in a quieter neighborhood could reach up to €300,000. Properties close to historical sites, such as the Château de Tarascon, tend to attract higher prices. Additionally, as of late 2023, the real estate market in Tarascon has shown signs of steady demand, with some listings receiving multiple offers, particularly those that feature modern amenities or renovated interiors.

  • Are real estate prices in Tarascon rising or falling?

    Real estate prices in Tarascon are currently experiencing a fluctuating market trend. Over the past year, data indicates a slight increase in property prices, with the average cost of a home rising by approximately 3% compared to the previous year. This uptick can be attributed to Tarascon's growing appeal as a commuter town, given its proximity to larger cities like Avignon and Montpellier. For instance, properties near the historic center or along the Rhône River are seeing more interest, driving prices up for those specific areas. Conversely, some neighborhoods further from the town center are witnessing a decrease in demand, leading to stagnant or falling prices, particularly for older properties that require significant renovations. Overall, the dynamics of the local economy, coupled with the supply and demand pressures of the market, are contributing to this varied landscape of real estate values.

  • What are the most expensive neighborhoods in Tarascon?

    Tarascon, known for its historical charm and picturesque landscapes, features a few neighborhoods that stand out for their high property values. The area around the Château de Tarascon, for instance, boasts some of the most coveted real estate, given its proximity to the castle and stunning views of the Rhône River. The neighborhood of La Giraudière is also notable, attracting affluent residents due to its serene surroundings and well-preserved historic architecture. Nearby, the Chemin de la Campagne offers larger properties with gardens, appealing to families seeking more space while remaining within easy reach of the town center. Lastly, areas close to the local marché, where residents enjoy access to fresh produce and artisanal goods, are increasingly popular among buyers looking for both convenience and a vibrant community atmosphere.

  • How does the local economy affect real estate prices in Tarascon?

    The local economy of Tarascon significantly influences real estate prices through factors such as employment rates, tourism, and local amenities. With its proximity to Avignon and the economic activity stemming from agriculture and small businesses, Tarascon has a stable yet modest job market. For instance, the seasonal influx of tourists visiting historical sites like the Château de Tarascon can create temporary spikes in demand for rental properties, driving prices up during peak seasons. Additionally, investment in local infrastructure, such as improvements in transportation with high-speed train connections, tends to elevate property values as accessibility increases. The presence of essential services, like schools and healthcare, also plays a crucial role; properties near well-rated schools or hospitals often command higher prices due to demand from families looking for stability and convenience. Conversely, economic downturns or local site closures can lead to decreased interest in home purchases, consequently lowering prices and affecting property values long-term.

  • What should I expect in terms of property taxes in Tarascon?

    In Tarascon, property taxes consist mainly of the taxe foncière and taxe d'habitation. The taxe foncière is levied on property owners and is calculated based on the rental value of the property, which can vary depending on its location and size. For example, a small apartment in the historic center might incur a different rate compared to a larger home on the outskirts. The rates can range from approximately 15% to 30% of this value, and are subject to annual increases by local authorities. The taxe d'habitation, previously applicable to both owners and tenants, has undergone reforms, with a phased elimination for primary residences, meaning many residents may see a reduction or complete exemption in this tax over recent years. However, it can still apply to secondary residences. Additionally, Tarascon, like many other municipalities in France, may impose local surcharges, which can further influence the overall property tax burden. It's also worth noting that tax exemptions or reductions may apply for properties classified as historic sites or for owners undertaking energy efficiency improvements.