Suzanne Jenkins-Pearce, owner of the brokerage Suzanne in France, said that Normandy’s appeal is growing for domestic and overseas buyers because of low mortgage interest rates, affordable prices and a large inventory of property. “Over the past year, the level of activity in the Normandy property market has continued to increase,” she said. “In 2017, the level of completed sales increased by 15 percent on the previous year.”
For home buyers, the best value is in what was Lower Normandy, at the base of the Cherbourg Peninsula, an area that includes Vire, Villedieu-les-Poêles, Mortain, Granville, Saint-Lô and Saint-Hilaire-du-Harcouët, Mr. Slade said.
Homes in what was Lower Normandy currently sell for about 1,560 euros a square meter (or $165 a square foot), while in Upper Normandy they go for about 1,630 euros a square meter ($172 a square foot), Mr. Leggett said.
A two-bedroom cottage on half an acre in Normandy sells for about 110,000 euros ($125,000), Mr. Slade said. Larger and more luxurious homes that typically appeal to foreign buyers can run about 1.2 million euros ($1.37 million), Ms. Alaurent said.
Who Buys in Normandy
Most foreign buyers in Normandy come from the United Kingdom, Belgium and Germany, Mr. Leggett said. Ms. Alaurent said she has also seen buyers from neighboring European countries, like the Netherlands and Switzerland, with a sprinkling of Americans and Russians.
Normandy attracts many Parisians seeking second homes as well, thanks to its affordable prices and rail links to the capital city, Mr. Slade said.