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The Luberon, Alpilles, Avignon, Aix en Provence…. a highly prized way of life.

What are the real estate trends for 2023?

Demand is still high despite the slowdown in the Luberon property market. What are the real estate trends in the Luberon?

People buy in this corner of Provence, an art of living, a quality of life at almost any price. With 300 days of sunshine a year, the beautiful bastides, the breathtaking landscapes, the quality local products and the ambient slow life are making emulation Buying or Selling a property in Provence.

“If there is one place in the world that defines the art of living, it is Provence! The quality of life there is unbeatable. In the Alpilles, Saint-Rémy-de-Provence, very popular with Parisians, as it is located half an hour from the TGV station, and the villages of Eygalières and Baux-de-Provence remain the most popular places. The Luberon, greener and less windy, Ménerbes, Bonnieux, Gordes and Lourmarin are still as much in demand.
In these preserved and privileged regions are nestled magnificent properties, Bastides, Mas, village houses, all these nuggets can be rented during the holidays on AIR Property Provence  

After record sales in 2022, the property market is marking time, and the property market in the Luberon is no exception.

This year we are going to see a drop in the volume of sales of around 5 to 10%. This can be explained by the difficulty of obtaining credit and by the increase in credit rates. The social and macro-economic context does not make things any easier.
Generally speaking, the time taken to sell a property will be longer and buyers will negotiate more on the price of property in the Luberon.
At the same time, property prices in the Luberon will fall slightly, by an average of 5% in the Vaucluse, excluding thermal flats, which should suffer a greater discount.
“In short, this year will be more difficult than 2022. However, the Vaucluse, like the whole of the region, remains quite attractive on a national level. There is no reason to be alarmist because, in fact, the overhaul of the usury rate is supporting the market for the moment, as is the doubling of the land deficit planned for 2025 to accompany the renovation of energy slums. 2023 should nevertheless remain a dynamic year and we should be on the same volumes observed in 2019, which was the previous record for real estate transactions.” Jonathan Le Corronc Clady during the 3rd Assises de l’Immobilier du Vaucluse by the FNAIM 84.