Whether in Vienne, Bourgoin-Jallieu, Morestel or La Tour-du Pin, the market has shifted from a dynamic trend to a tense one.
All professionals agree on this point: there is a shortage of rental accommodation. Due to bank loan rates, “potential buyers postpone their purchase to rental until rates or prices fall. Demand is exploding! “, remarks Franck Dubessy, manager of the Laforêt real estate agency in Bourgoin-Jallieu.
Covid effect
Covid effect, the demand for green living has boosted the northern market. According to Franck Dubessy, a furnished studio can be rented in the city for €500 per month (compared to €400 before Covid), a T2 for €600 to €650 (compared to €500 previously), a house 15 kilometers from Bourgoin-Jallieu in the range of €1,000 to €1,200.
In the most popular areas, such as Ruy-Montceau or around the L’Isle-d’Abeau golf course, the monthly rent for a house can go up to €1,500 or €1,600. “It’s good to live here! Two thirds of rental requests come from people from the Lyon region”he specifies.
What Suzanne Rabilloud, manager of the Arthurimmo agencies in Montalieu-Vercieu, Morestel and Belley also notes: “People can no longer buy, there is no more turnover among tenants. Demand is still strong, particularly from young people who are settling in or people who are being transferred. We are at the heart of a triangle and a large employment area. »
More expensive properties when they change tenants
As purchase prices have increased by 10 to 15%, landlords do not hesitate to rent more expensively to achieve profitability. They find buyers, because the market remains more accessible here than in Lyon.
As scarcity makes the offer available, owners revise their prices when tenants change. The rent for a 43 m² one-bedroom apartment in the Pierre Louve district of L’Isle d’Abeau, on the ground floor, in a residence with swimming pool, was previously rented for €579 per month.
His rent increased to €645, or +11%. Same story with Suzanne Rabilloud, who gives the example of a 65 m² T3 in Morestel rented for €650 per month and increased by €80 when the occupant changes.
An exterior and proximity to major roads
The most popular properties are the garden floors, which were ignored a few years ago, and the top floors. An exterior, parking, proximity to the station and highways are also sought after.
Tenants are also fond of recent, comfortable, energy-efficient properties. They are also setting their sights on new properties, especially within programs built under the Pinel law, where rents are capped and which are accessible to tenants with rather high incomes, given the ceilings in force.
In Vienna, the market, which is extremely tight, is driven in the summer season by the demand for small spaces, studios and one-room apartments, to accommodate students.
The rest of the year, T2 and T3 are rather sought after, not necessarily in the city center. “We are falling back on this sector out of spite. But sometimes, it is also a choice to be close to the station and shops. You will have to leave the city if you want T4 or more, because Vienna within the city walls does not have them,” explains Jean-Marie Després, manager of the Vienne Real Estate Agency.
The north and south of the city attract more tenants looking for a recent property with a balcony. In La Tour-du-Pin, T2 and T3 apartments are particularly sought after by young couples who are settling down and working in Lyon or Grenoble.
The municipality has established since 1er May 2023 a rental permit in part of the city center to combat the unsanitary conditions of a handful of properties. Which extends (re)rental times.
“We are suffering from this situation which reinforces the already complicated context. Rental demand is very strong, La Tour-du-Pin being sought after for its quality of life, its more reasonable rents for apartments, on average of around -20% compared to Bourgoin-Jallieu, and its ease of rental. Access by highway or train. A renovated T3 rents on average for €500 per month and up to €600 in a recent building »informs Isabelle Cervi, manager of the CIT Immobilier agency in La Tour-du-Pin.
Requests also concern small nearby villages such as Dolomieu, Rochetoirin, for the preserved natural setting.
A house to rent: mission impossible?
Prices are soaring for the rental of a three-bedroom pavilion with a garden, in a quiet area. A house in Dolomieu, Morestel or Montalieu rents for around €950 to €1,000 per month, €1,000 to €1,200 in Vienne and La Tour-du-Pin and up to €1,500 in the inner suburbs of Bourgoin -Jallieu.
“A detached house is practically impossible to find”, recognizes Isabelle Cervi. “Land and privacy are criteria of choice. »
In Seyssuel, Jean-Marie Després rented a 100 m² house with three bedrooms in two days for the same amount:“The north of Vienna is very popular, because we are close to Lyon, while being in the countryside with lower rent. I had 20 requests for a house from the 1990s heated with oil and classified E in the energy performance diagnosis (DPE). People are only observant when there is a choice. »
Faced with the difficulties of finding accommodation, professionals are seeing new demands emerging, such as shared accommodation between seniors.
The DPE is reshuffling the rental market cards
The energy performance diagnosis (EPD), to be provided to buyers and tenants, has become the keystone of the real estate market.
With the Climate & Resilience law of 2021, properties are already prohibited for rental (the “G +”) and a ban schedule will gradually be put in place for those classified G, F and E.
“The impacts are colossal, housing considered as a thermal sieve is not decent, which does not mean unsanitary”estimates Yann Tacussel, real estate diagnostician at the head of the company Diag YSY in Saint-Siméon-de-Bressieux. “The goal is to consume less. This is a major subject in Isère, where there are 37% of properties classified E to G and an aging stock with 50% of the buildings built before 1974. Today, landlords have set up their rentals without worrying about these realities. They don’t necessarily want to do the necessary work, because they don’t know how to do it. They prefer to sell their property, even if it’s complicated to value it. »
Suzanne Rabilloud of the Arthurimmo agency observes these sales: “In Morestel, a terraced house from the 1980s, classified E and rented for €850 per month, was put up for sale at €258,000, then lowered to €230,000. »
When the classification in the DPE is good, this can become an argument for renting more expensively, at a time when people are more and more careful about the energy consumption of the properties they occupy.
“If a tenant has the choice between an apartment C, D or E, he will choose C! “, notes Franck Dubessy of the Laforêt agency.
