A global shipping, wine production, and cultural center
Discover Bordeaux's Real Estate
As France’s sixth-largest city, Bordeaux had a population of 257, 084 in 2019. The metro area had approximately 1,195,335 people. The Pearl of Aquitaine is a port city in France’s Gironde department. As a leading wine producer, Bordeaux hosts the prominent global wine fair called “Vinexpo,” with the metro area’s economy taking €14.5 billion annually because of the production of the drink. Second to Paris when it comes to the highest number of preserved buildings, the city was made a UNESCO World Heritage Site in 2007. Bordeaux has also been named the Best European Destination, coming ahead of Rome, Madrid, Brussels, and other cities. The city’s picturesque countryside is a technology and entrepreneurship hub. A real estate investment in such an environment is inevitably going to bring good returns.
Culture, History, and Business
The Romans founded Aquitaine in the 1st century BC. Bordeaux began flourishing as an ocean port and Roman administrative province. At the end of Roman occupation in 457, the city was brought under the Visigoths and later, the Franks. Afterward, the French took over. When the Duchess of Aquitaine married Henry, heir to the throne of England in 1152, a series of armed conflicts between France and England ensued, ending in 1453 with a French victory. Bordeaux experienced an economic boom in the 18th century as it established trade relations with the “Islands.” It then became the second-biggest port in Europe. The city has become the capital of a prominent wine-producing region.
Bordeaux has a thriving cultural scene. Voted as a UNESCO World Heritage Site in 2007, the city has many things to appeal to visitors and residents. With at least 11 museums, mostly housed in historical buildings, you will learn about the history of the region and the culture of the people in depth. For example, the Museum of Wine and Trade of Bordeaux helps you understand the history of the port and great merchants in the region and the workings of the wine trade. The city’s beautiful architecture tells all about its identity. Moreover, the city has several theaters, cinemas, and music venues.
Bordeaux is also a major business hub in France. It’s a regional administrative, trade, industry, and services center. The GDP of the city was €32.7 billion in 2014. Wine production accounts for a good portion of the economy and has promoted the tourism industry. The aeronautic industry in the area employs at least 20,000 people in prominent companies such as the Dassault Falcon, EADS Sogerma, and Thales. Bordeaux’s port serves about nine million tons of goods each year.
Real Estate Appeal
Bordeaux is a city with numerous real estate investment opportunities. It also promises to be a lucrative housing market. The real estate market has been increasing by 10% every year from 2017. If you’re into the luxury market, you can be happy to realize that prices in this area have increased by almost 60% since 2014. Another positive factor about Bordeaux’s housing market is that the city has experienced a population boom in recent years, reaching 257,084 people. This means the demand for housing is also increasing. It’s just the right time to put your money in the Bordeaux real estate.
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