Real estate prices in Lyon: demand exceeds supply
Each year, 19,000 people wish to settle in inner Lyon and in mainland France. For these interested parties, there are only 4,000 vacant dwellings, whether new or old. Therefore, sellers can display, so to speak, the prices they want. This partly explains the increase we were talking about.
Note: some neighborhoods are more affected than others by this increase. This is particularly the case for the peninsula and the Brotteaux district.
To escape this rise in prices, the people of Lyon take the initiative to move to the suburbs. As a result, there is a continuous increase in prices in the towns bordering Lyon. Oullins and Tassin-la-Demi-Lune have adapted to this strong demand. They have notably invested in a metro line. That of Tassin-la-Demi-Lune will be operational in 2030.
Experts believe that the Monts du Lyonnais will, in the near future, experience a similar increase. With its village spirit and its proximity to the city center, these places are very popular.
To cope with this change in the real estate market, the people of Lyon are looking for accommodation in the countryside. They choose in particular Bourgoin-Jallieu or Villefranche, located respectively 30 minutes and 15 minutes away by TER.
Lyon, student and research city
The best chemistry school in France is located in Lyon, which is also the second city of Congresses. I’Lyon ECAM is also renowned throughout the world for the exceptional training of its engineers. The quality of the teaching delivered in this city explains why the number of students has increased by 25% in ten years.
Housing is no longer sufficient to accommodate them. The old apartments are stormed, and new housing no longer find land to be built. Consequently, alternative accommodations are developing, such as the Airbnb and Booking platforms.
In the Lyon conurbation, rents have therefore increased between 2.9% and 7.2% in one year, depending on the location. In comparison, the city of Nantes increased its rents by 3.9% and Paris, by 1.1%.
Real estate prices in Lyon: what about new?
We call tight areas the places where the demand is very strong, and the supply, minimal. Conversely, less congested areas are called “relaxed areas”. For example, this is the case of La Duchère, Grand Parilly and Villeurbanne. These three sectors are currently registered at less than €3,000 per square meter. This is not the case for the 1st, 2nd and 6th arrondissements, which cap between €5,000 and €6,000 per m².
Note: high buildings are currently subject to a 10% discount. Indeed, the people of Lyon are now looking for houses with a garden.
On average, a new property in Lyon costs on average €6,000 per square meter, as the specialized site warns us Progress. So don’t wait any longer to invest in this geographic sector, which is gaining value every day.
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Real estate prices in Lyon: all the elements taken into account