Even though Lyon is an attractive city, the real estate recovery remains slower compared to other major cities in France.
The average price per square meter is €4,704
Despite a general stabilization of prices since January 2024, with a drop of 0.2% observed in the ten largest cities in France (excluding Paris), Lyon is experiencing its worst month of September since 2021. The city is experiencing a drop of 5. 8% since the start of the year.
As of October 1, the average price per square meter is €4,704. The causes? “Joint impacts of the covid 19 crisis and the increase in interest rates with demand falling by 24% between January 2021 and January 2024,” indicates the study.
Properties for sale have accumulated on the market, leading to an increase in supply which has more than doubled over the same period. The supply of goods has started to stabilize with a drop of 1% in one year while demand is increasing again by 9%.
According to the press release, the average time for selling goods remains high. In January 2022, the average sales time was 60 days compared to 43 days in March 2020, before Covid. Today it is estimated at 72 days.
Prices vary between neighborhoods
At the top of the top 3 most expensive neighborhoods in Lyon: Bellecour/Hôtel Dieu, a very popular area with prices reaching €6,187 per m², followed by Cordelier/Jacobins (€6,160/m²) in the 2e district and Puvis de Chavannes/Le Lycée in the 6e (6 111 €/m²). The least expensive areas of Lyon are the Grange Rouge/Viviani districts in the 8th (€2,631/m²), La Duchère (9th) (€2,916/m²) and Santy/La Plaine (8e) (3 153€/m²).
The surrounding areas are also experiencing this declining market dynamic. Since the start of the year, the town of Villeurbanne has recorded a drop of 4.4% with an average price of €3,662/m². Caluire reaches €4,473/m²with a drop of 3.9%.
