Châteauroux Property Insight

Overview

Châteauroux is a town of the Indre department, in the Centre region of France, often named the capital of Bas-Berry. It is located 250km to the south of Paris and at the heart of three natural regions: the Champagne Berrichonne (cereal growing), the Brenne (area nicknamed Pays des Mille Etangs, meaning ‘country of the thousand ponds’) and the Boischaut (a hedged farmland). Its 47,513 inhabitants are called the Castelroussins.

As exposed previously, Chateauroux is situated 2 hrs from the French capital, easily reachable by train. Paris being a hub, you will be easily able to reach the UK or any other country. The railway station also leads to Lille, Orléans, Bourges, Tours and Poitiers. In the town centre, you can move thanks to the public buses.

Chateauroux Immobilier & Property Market Trends

In 2009, a property in France is sold €3,197 /square metre. In the Indre department and in Chateauroux, prices are €1,263 /square metre, which is low considering the national average. With 54% of tenants in the town, it represents a good location if you are looking for a buy-to-let investment.

An apartment in the town centre is sold on average €1,140 /sq m, a 3-room apartment being cheaper than a 2-room flat: €1,080 /sq m against €1,270 /sq m. As regards houses, a 4-room home should cost between €90,000 and €130,000. The average for a 5-room house is €126,900 and a 6-room home is sold about €151,000.

To get updated info about property prices in Indre, please browse our French Property Market Reports published in the News Section every month.

5 Reasons to Buy a Property in Chateauroux

• Culture, art and historical heritage: when visiting Chateauroux, some monuments are absolutely worth visiting. Bertrand Hotel is home to a museum displaying archaeology collections, contemporary art, ceramic, sculptures… It is part of the French Historical Heritage. The Cordelier Convent is a beautiful religious monument of the 13th century. You will see there archways, stained glass, springs, gardens and so on.

• Good food: the town being located in the Berry area, it offers some delightful specialities. Three cheeses boast an AOC: the Valençay, Pouligny-Saint-Pierre and Selles-sur-Cher. To be drunk with French cheese, nothing better than a local red wine such as the Reuilly or the Valençay. Honey and fish are also some good typical produce of the area not to be missed. You should also taste the Berry, a green-lentil pie dish with foie gras. Yummy!

• Quality of life: Chateauroux is an important economic hub situated at a junction between the north and the south. Logistics, metallurgy and food industry are the main sectors in which the town developed. But the area is also renowned for being at the state-of-the-art in aeronautics, electronics and IT. Chateauroux offers its inhabitants a pleasant quality of life also thanks to its unspoiled nature (4 flowers out of 4 to the French label Ville Fleurie), preserved areas, cultural facilities and numerous animations.

• Activities and sport: in 1997, Chateauroux was elected third most sports town of France. Choice is large and every one should be satisfied: basketball, archery, handball, volleyball, football, rugby, tennis, horse riding, fishing, swimming… Practising sports or activities in such a wonderful landscape usually seduces most of the residents and new comers.

• Rental opportunities: Chateauroux is a thriving economic centre of the Indre department and the Centre region. Thus, as it is often the case of dynamic economic poles, the town offers good rental opportunities. Indeed, over half of the inhabitants are tenants, which is a major asset if you are looking for a buy-to-let investment. Finding a bargain in the area is quite easy, but it should be even easier to find a tenant to rent your property.

Property Styles and Architecture in Chateauroux

• Detached houses: they are more or less large properties coming with a land, fireplace, courtyard and sometimes a swimming-pool. Some of them may be luxury properties full of character, ideal for those who want to settle in the area. Some are located in the countryside and offer quietness and beautiful view over the surroundings, but others are built in the town centre and offer dynamism, closeness to the shops and easy moving.

• Town houses: they are usually attached to other properties and located in the town centre. They are perfect either for a first investment or for a let. They may come with a garden, garage, fireplace and terrace. As apartments, they are close to all amenities and may be ideal for those who don’t have any car.

• Apartments: they represent 50% of the dwellings in Chateauroux and are the perfect kind of property if you are looking for a let. Apartments are often located in the town centre or close to all amenities i.e. bus stops, shops, schools… Some are part of a building but others were built in residences, which will let you more quietness and tranquility.

Click here for more info about the Architecture in Centre.