Biarritz, still attractive
The attractiveness of Biarritz has not been denied in recent years, the real estate market even tending to a marked increase in the share of main residences in the search for buyers. Developers and builders of single-family homes are not mistaken: the resort is popular and intends to stay that way. New programs are on the increase in the city, attracting both rental investors and buyers looking for a main residence in the Basque Country. The overall increase in property sales and the particular success of new buildings in Biarritz can be explained by several factors. The quality of life in Biarritz is highly sought after: on a human scale, the city is made up of small neighborhoods never far from the beaches. Its historical and natural heritage attracts buyers looking for cachet and charming architecture: new real estate programs are indeed more qualitative in Biarritz than elsewhere, due to this privileged living environment. They also take advantage of the resort's tourist appeal and the opportunities it entails in the seasonal rental sector. Biarritz thus attracts residents and vacationers for the beauty of its coastline, the elegance of its architecture, as well as its proximity to Spain and to the most beautiful resorts on the Basque coast: Bidart, Guéthary, Saint-Jean-de-Luz , Hendaye.
What neighborhood for a new real estate project in Biarritz?
New real estate projects in Biarritz are attractive due to their proximity to the city center and to the beaches. They often concern luxury residences or small lots of individual houses, with very contemporary architecture or, on the contrary, typically Basque. Among the programs underway or recently delivered, we can for example cite the Cottage du Lac houses built on the shores of Lake Mouriscot just 10 minutes from the city center and 3000 meters from the beaches of Ilbarritz; the apartments in the luxury Hauts de Milady residence, with access to the beaches on foot and close to the golf course, and exceptional communal services including swimming pool, spa, hammam and sauna; or the charming Parc Miragarri residence, in the heart of Biarritz, and its elegant 2 to 3 room apartments sold between 390,000 euros and 500,000 euros. In general, the most qualitative new programs are located in sought-after areas of Biarritz such as the Côte des Basques, the golf course, the station area in full redefinition, or that of the Halle Irraty in full swing.
Why invest in new buildings in Biarritz
Buying new in Biarritz is an opportunity to take advantage of a property with exceptional services, with larger volumes than in the old, and valuable assets such as elevators, private garages and car parks, large terraces, facilities of leisure and well-being. The urban profile of Biarritz means that it is still possible to find properties with a privileged location in new buildings: by the sea and with a view of the ocean on the Côte des Basques or in the golf district. Few of the cities in the new offer the possibility of such an attractive location, coupled with such proximity to the historic city center. In Biarritz as elsewhere, buying new buildings allows you to enjoy significant financial advantages, including the reduction of notary fees, tax exemption in the case of a rental investment, or even temporary exemption from property tax. In Biarritz in particular, rental yields are high for investors, who benefit both from the advantageous taxation of a purchase in new real estate and from the attractiveness of the city to rent in a very profitable way to the year or seasonal.
For any advice on a real estate investment in Biarritz, do not hesitate to contact Barnes Côte Basque advisers or to go directly to our real estate agency in Biarritz, specializing in luxury real estate.
