Toulouse Real Estate: Signs of a Rebound in 2025
After years of decline, the real estate market in Haute-Garonne is showing promising signs of recovery. According to Me Frédéric Giral, President of the Chamber of Notaries of the Toulouse Court of Appeal, sales volumes for existing properties increased by 8.2% in 2025.
From Record Highs to a Stalling Market
The French property market experienced continuous growth between 2015 and 2020, peaking in 2021. But, the market then faced significant headwinds due to the war in Ukraine, rising interest rates, and increased construction costs, leading to a substantial downturn.
2025: A Turning Point?
2025 marks a potential turning point, with 20,510 property sales recorded in Haute-Garonne (excluding new apartments). This represents a broad-based recovery, with apartment sales up 9.1% and house sales up 7.7%. Even the market for building land, which has been particularly weak in recent years, saw a 2.8% increase in transactions, with 1100 sales registered.
“Activity remains very low, but it’s the first time we’ve felt a stir,” notes Me Giral. He adds that buyers are often first-time homebuyers, with budgets around €220,000 to €250,000, and developers are adapting to meet this demand.
Price Trends and Regional Variations
The increase in sales volume is too impacting prices. Whereas 2024 saw a 4.1% decrease in prices for existing apartments (reaching a median of €2,810 per square meter), 2025 has seen a 2.9% increase, bringing the median price to €2,890 per square meter.
Me Henri Chesnelong comments, “We are no longer in a hesitant, declining market, but in a dynamic of buyer remobilization.”
Specifically, the area around Arnaud Bernard is seeing prices around €4,800 per square meter.
What Does This Signify for Buyers and Sellers?
The recovery suggests a more favorable environment for sellers, with increased demand and rising prices. Buyers, however, should be prepared for increased competition and potentially higher prices. The availability of financing and interest rates will continue to play a crucial role in the market’s trajectory.
Pro Tip: Consider working with a local notary, like those at SELARL CONSEIL & ACTES – NOTAIRES in Caraman, to navigate the complexities of the French property market. Their expertise can be invaluable.
FAQ
Q: What is driving the recovery in the Haute-Garonne real estate market?
A: Increased buyer confidence, adaptation by developers to meet first-time buyer budgets, and a slight easing of economic pressures are contributing factors.
Q: What is the median price per square meter in Toulouse?
A: The median price for existing apartments is currently €2,890 per square meter.
Q: Is now a quality time to buy or sell property in Haute-Garonne?
A: The market is becoming more dynamic, suggesting it may be a good time for both buyers and sellers, but careful consideration of individual circumstances and market conditions is essential.
Did you know? Frédéric Giral has been President of the Chamber of Notaries of the Toulouse Court of Appeal since May 2022.
Explore more articles on Notaires de France for further insights into the French property market.
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