3 Things about the city you might not know....

1. Nantes is home to the Machines of the Isle of Nantes, an artistic project that features giant mechanical animals, including a massive elephant that can carry passengers. This unique attraction is inspired by the works of Jules Verne, who was born in Nantes. 2. The city has a rich history of shipbuilding and maritime trade, which has shaped its cultural identity. The Loire River, which flows through Nantes, was once a bustling trade route and continues to play a significant role in the city's economy and recreational activities. 3. Nantes has been recognized as a "City of Art and History" and is known for its vibrant cultural scene, including numerous festivals, galleries, and theaters. The city hosts the annual Nantes Jazz Festival and the Folle Journée, a classical music festival that attracts artists and audiences from around the world.

Housing Market

Nantes, a city in western France, is experiencing a dynamic housing market. As of 2021, the city had 668 total private dwellings, with 609 occupied by usual residents. The population has grown by 0.8% from 2016 to 2021, reaching 1,388 inhabitants. The real estate market in Nantes is showing strong growth. In February 2025, the average price per square meter for properties on sale was €4,368, with a monthly growth rate of 2.26%. For rentals, the average price per square meter was €20 for furnished properties and €14 for unfurnished properties. Regarding tenure, specific data on the proportion of renters versus owners in Nantes is not provided in the search results. However, the city has a mix of both rental and owner-occupied housing. The rental market in Nantes is robust, with an average gross yield of 3.96% for furnished properties and 3.57% for unfurnished properties. The median occupancy rate for short-term rentals is 71%, indicating a strong demand. Social housing plays a significant role in Nantes' housing strategy. The city aims to build 100,000 new housing units, with 32% designated as social housing, as part of its urban planning scheme. However, specific figures on the current share of social and cooperative housing in Nantes are not provided in the available search results.

Housing Crisis

Local programs

Nantes has made affordable housing a top priority, with ambitious targets and innovative programs to address the issue. The city aims to build 5,000 new housing units annually, with 25% designated as social housing and 25% as affordable housing for purchase. This commitment is part of Nantes' pledge to the European Pillar of Social Rights. To achieve these goals, Nantes has implemented several concrete initiatives: 1. The Ile de Nantes project transforms a former brownfield site into a mixed-income neighborhood, with 50% of new homes designated as affordable. 2. The city is focusing on building social and mixed-income housing in wealthier areas to promote equity and inclusion. 3. Nantes is investing in Housing First programs to provide housing and support services for homeless individuals. 4. The "15-minute city" concept is being implemented, ensuring residents have access to essential services within a short walk from their homes. 5. The Eco quartiers initiative creates sustainable, affordable living options with 40% of housing dedicated to social and affordable units. 6. Nantes collaborates with nonprofits like Les Bureaux du cœur to provide temporary accommodation for homeless people in office spaces. These programs demonstrate Nantes' commitment to creating affordable, sustainable housing while promoting social inclusion and environmental responsibility.

Cooperative Housing

Housing cooperatives play a significant role in Nantes, France, as part of the city's efforts to provide affordable and sustainable housing options. Nantes Métropole, the metropolitan authority, actively supports cooperative housing initiatives through various programs and policies. The city promotes cooperative housing by offering subsidies, technical support, and favorable land leasing arrangements. For example, Nantes has implemented programs similar to those in other European cities, where public buildings in need of maintenance are transferred to housing cooperatives for rehabilitation and management. One notable cooperative project in Nantes is the Unité d'Habitation in Rezé, near Nantes. This project, commissioned by the Maison familiale de Nantes, a private low-cost housing cooperative, allows residents to gradually acquire their homes through a cooperative ownership model. Another example is the Zellige social housing complex on the île de Nantes, which incorporates co-housing units and involved future residents in the design process. While not strictly a cooperative, it demonstrates Nantes' commitment to innovative, community-oriented housing solutions. Nantes also participates in broader initiatives to support cooperative housing, such as providing exemptions from certain taxes and offering technical assistance to groups interested in forming housing cooperatives. These efforts align with the city's goals of creating more inclusive, affordable, and environmentally sustainable housing options for its residents.