Property market trends on the Cap Ferret and the Cap Ferret peninsula

Analysis 2020-2024  (SOURCE DVF)  June 2025

The property market on the Cap Ferret peninsula, renowned for its attractiveness and prestige, has undergone major changes in recent years. This analysis details the main trends by property type and by village, while highlighting the cyclical factors that have influenced the local dynamic. The data covers the period from 2020 to 2024 and provides an insight into the specifics of a unique and fast-changing market.

 

Front-line villa market in Cap Ferret (33970)

2020-2024

- Number of sales: 28 transactions

- Average price: €6,930,125

- Average price per m²: €43,388

- Median price per m²: €38,762

- Change in average price per m²: +67

- Change in median price per m²: +22

 

2024

- Average price per m²: €52,349

- Transaction volume: up 75% compared with 2023

It is worth noting that, on average, only 7 front-line villas are sold each year in the whole of Cap Ferret (33970), which testifies to the exceptional rarity of this type of property. These highly sought-after properties form a separate market segment, relatively unexposed to general fluctuations.

 

 

Evolution of the market for the sale of villas and houses in Cap Ferret (33970)

2020-2024

- Number of sales: 296 transactions

- Average price: €1,997,708

- Average price per m²: €19,950

- Median price per m²: €18,108

- Change in average price per m²: +34

- Change in median price per m²: +12%

 

The divergence between the rise in the average price (+34%) and the median price (+12%) over 2020-2024 suggests that sales of very high-end, large homes or homes with exceptional features (premium location, sea view, large plots) have driven the average up sharply. The median price, representing the central value, shows a more moderate increase for the majority of transactions. This duality highlights a very elitist segment with strong growth, and a more traditional segment with a significant but less spectacular increase.

 

The substantial increases in the number of transactions in 2021 (+49% compared with 2020) and 2022 (+24% compared with 2021) reflect the post-COVID dynamic (search for space, quality of life, low interest rates). The significant drop in 2023 (-59%), followed by a further decline in 2024 (-8%), reflects a trend reversal linked to the rapid rise in interest rates, the uncertain economic climate, an already saturated market, and the reopening of destinations competing with Cap Ferret such as Ibiza, Formentera, Menorca, Sardinia and Portugal.

 

Analysis by village (excluding 33970)

Cap Ferret peninsula (excluding 33970) 2020-2024

- Apartments: 82 sales, average price per m² of €11,669 in 2024. In 2024, the number of apartment sales will fall (-46%) compared to 2023, with a 12% increase in the average price per m².

- Houses: 437 sales, with an average price per m² of €11,775 in 2024. In 2024, the amount of sales fell by 7% compared with 2023, and the average price per m² decreased by 12%.

- Front line villas: 36 sales, volume of €193,142,560, average price per m² of €32,911.

However, this overall trend masks disparities between villages. For the full study ... give us a call!

 

Focus by village (2020-2024) 

Claouey

- Apartments: 32 sales, average price per m² of €9,814 in 2024

- Houses: 63 sales, average price per m² € 9,294 in 2024 (+15% compared to 2023)

- Front line villas: 6 sales, average price per m² of €21,500 in 2024

 

Le Canon

- Apartments: 8 sales, average price per m² €8,347, no flat sales in 2024

- Houses: 56 sales, average price per m² of €13,768 in 2024. The number of sales decreased in 2024 (-45%), but average price per m² went up (+17%).

- Front line villas: 3 sales over the period and a 94% increase in the average and median price per m².

 

La Vigne

- Apartments: 9 sales, average price per m² €11,866, no sales in 2024

- Houses: 46 sales, average price per m² €13,536. Average price per m² up 33% over the period. In 2024, 9 sales compared with 15 sales in 2021.

- Front line villas: 9 sales, average price of each sale €8,446,058. Average price per m² up 17% over the period.

 

Summary of trends by type and village

- For apartments: Cap Ferret (33970) has seen an increase in the average price per m² over the 2020-2024 period, but with falling prices and fewer sales in 2023-2024. In the other villages (33950), the trend is more mixed, with notable decreases in the number of flat sales in 2024.

- For houses : Cap Ferret (33970) has seen strong growth in house prices over the period 2020-2024, despite a decrease in the number of sales in 2023 and 2024. For the other villages (33950), the house market also shows a decrease in the number of sales in 2024, with more varied price variations depending on the locality.

- For front-line villas: This very exclusive segment continues to show the highest prices per m² on the whole of the peninsula. Cap Ferret (33970) has seen a significant increase in prices per m² over the period, as well as in the volume of transactions in 2024. The other villages have lower transaction volumes but also very high prices per m².

These findings illustrate the diversity and complexity of the local market, where each segment and each village have their own dynamics.

 

Points to remember, with explanations for the economic climate

- COVID effect: the desire for space, nature and larger secondary/main residences, away from urban centers, has boosted demand. Working from home has made these locations feasible for some.

- Favorable financial conditions: Historically low interest rates, maintained until October 2022, significantly supported borrowing capacity and encouraged investment.

- Enhanced value for the top end of the market: in Cap Ferret in particular, the villa market (especially for exceptional properties) has seen prices soar, with average prices rising sharply. This underlines the sustained demand for luxury and exclusive properties, a market that is often less affected by general economic fluctuations.

- Slowdown in 2023-2024: rising interest rates, economic and political uncertainty, post-COVID correction and reopening of competitive destinations (Balearics, Portugal, Italy, etc.).

 

Conclusion and market outlook

The property market on the Cap Ferret peninsula, particularly for houses and first homes, saw a sharp rise in prices between 2020 and 2024. However, a general downward trend in the number of sales is discernible in 2023 and especially 2024 for most property types and villages, suggesting a slowdown in activity after a period of strong growth. Prices per m² for flats and houses show more complex variations over the last two years.

 

Front-line properties retain their exceptional value, with the highest prices, although the volume of transactions remains limited. Despite the general correction, prices per square meter for ‘first line’ properties and exceptional properties in Cap Ferret are proving highly resilient, and are even rising, due to their rarity and timeless appeal to a wealthy clientele that is less sensitive to interest rate fluctuations. The market for ‘standard’ flats and houses is more directly affected by financing conditions and purchasing power, hence the falls in prices and volumes observed in 2023-2024. 

 

Differences between villages: while Cap Ferret (33970) experienced a more intense boom and a clearer correction, the other villages on the peninsula showed similar dynamics but with varying intensities, demonstrating a certain consistency in the local market. A market that is adjusting: the market is in the process of rebalancing after an exceptional period. Prices and volumes are potentially stabilizing at levels below the peaks of 2022, but still higher than before 2020.