Real estate in the Loire: drop in sales and prices

The interdepartmental chamber of notaries of the Lyon Court of Appeal announced its real estate barometer for the Loire at the end of the week.

The interdepartmental chamber of notaries of the Lyon Court of Appeal published its Loire real estate barometer this Friday. This concerns a stock of 405,500 housing units, within which there are 86% primary residences. Prices of old housing fell in the department by 6.3% over one year. Activity in terms of transactions is also at half mast. Annual sales in the department have in fact fallen by 20% over one year, to 10,890 goods.

21% of sales took place in Roannais, 2% in the Forez mountains, 14% in the north of the Forez plain, 8% in the south of the plain, 27% in Saint-Etienne, 22% in the outskirts of Saint-Etienne, 2% in Haut-Forez and 5% in Pilat.

The cities having recorded the most real estate transactions are Saint-Étienne (2,991 sales), Roanne (739 sales), Saint-Chamond (393 sales), Montbrison (243 sales), and Riorges (207 sales).

Fall in apartment sales

Of the 10,890 properties, 5,010 concerned old apartments, which represents a drop of 16% over one year. This has a direct impact on prices, particularly in Saint-Étienne and its outskirts, where values ​​fell by 5.2% over one year to €1,180 per m². The drop is also perceptible in Roannais, where the values ​​of old apartments fell by 4.9% to €1,150 per m².

Across the entire department, the average living space is 67 m². The share of 3 rooms (35%) is the largest, ahead of 4 rooms (26%), 2 rooms (22%) and 5 rooms and more (10%). The studios represent 8% of sales.

Among the cities that drop the most in the department, we find Riorges (-6.8% to €1,180 per m²), Roanne (-6.6% to €1,140 per m²), Saint-Chamond (-6% to 1,150 € per m²), Saint-Étienne (-4.4% to €1,160 per m²), or even Montbrison (-3.7% to €1,630 per m²). On the other hand, some others are seeing the price of old apartments increase quite significantly, like Saint-Priest-en-Jarez (+2.9% to €2,300 per m²), Rive-de-Gier (+8.8 % at €1,380 per m²), or even Villars (+2.3% at €1,170 per m²).

Fall in sales of new apartments

Sales of new homes have, as at the national level, fallen in the Loire. 590 sales of new homes were recorded over one year, a drop of 24%. Among the municipalities with the highest prices, we find Marcilly-le-Chatel (€4,320 per m²), Roanne (€4,290 per m²), Andrézieux-Bouthéon (€3,640 per m²), Montbrison (€3,570 per m²) , Veauche (€3,470 per m²), and Saint-Étienne (€3,230 per m²).

More generally, the median prices per m² of new apartments stand at €3,960 per m² in Roannais and €3,430 per m² in Saint-Étienne and its outskirts, up 4.9% over one year. For new apartments, throughout the department, the average living space is 60 m². The share of 3 rooms (40%) remains the largest, ahead of 2 rooms (35%), 4 rooms (11%) and 5 rooms and more (3%). The studios represent 10% of sales.

An old house market also affected

The market for old houses has also been affected by the drop in transactions. There are 4,740 annual sales, a drop of 19% over one year. The median sales price is also down markedly, both in Saint-Étienne and its outskirts (-5.9% to €220,100), and in Roannais (-5.9% to €160,000). The median living space for old houses is 103 m². The share of houses with 1 to 3 rooms (16%) is logically less than 4 rooms (28%), 5 rooms (30%) and 6 rooms and more (27%).

Many towns have recorded significant price drops, such as Veauche (-2.6% to €280,500), Saint-Just-Saint-Rambert (-4.6% to €267,000), Rive-de-Gier (-12% to €219,000), Montbrison (-7.7% to €217,000), Saint-Chamond (-11.7% to €216,500), or even Saint-Étienne (-2.9% to €208,800) , Sury-le-Comtal (-7.2% to €199,500), Riorges (-7.3% to €185,400), Mably (-3.5% to €159,000), or even Roanne (-7.8% at €147,500).

Overall, the median sales prices of houses stood in Saint-Étienne and its outskirts at €220,100, down 5.9%, and, in Roannais, at €160,000, also down 5.9%.

Collapse of the building land market

Clearly impacted by land restrictions, the building land market continues to contract. 540 annual sales were recorded, a drop of 40%. Median sales prices stand at €107,500 in Saint-Etienne and its outskirts, and €48,500 in Roannais (-7.6%).

The outskirts of Saint-Etienne (€119,000) are the most expensive sector ahead of the south of the Forez plain (-0.7% to €99,300), the north of the Forez plain (-10.4% to €60,000), Pilat (-5.3% to €56,400) and Roannais (-7.6% to €48,500).

The median land area is 710 m². Sales of less than 600 m² are the most numerous (37%), followed by sales of 600 to 899 m² (28%), those of 900 to 1,499 m² (25%), those of 1,500 to 2,499 m² (7%) and those of 2,500 to 5,000 m².

A majority of old housing with label D

Concerning the energy label of goods sold in 2024, we find 35% of goods in label D, 29% in label E, 16% in label C, 9% in label F, 7% in label G, 3% in label B , and 1% in label A. Notaries report an increase of three points, from 2023 to 2024, in the share of sales of homes with label E, even though the share of sales of the most economical homes (labels A and B) drop by two points.

If you enjoyed this article, please take the time to leave a comment or subscribe to the feed to receive future articles directly in your feed reader.

A real estate market in the process of turning around in Lyon

The FNAIM Rhône Chamber, during a press conference, discussed the evolution of the local real estate market, both on the transaction and rental fronts.

Real estate prices down 4.2% in Lyon, according to Laforêt

The network of franchised agencies reported a point in the real estate market, marked by the return of buyers, which according to it constitutes “a wind of hope”.

Stable prices in September, according to SeLoger – Meilleurs Agents

According to the latest barometer, the market remains in a stabilization phase. Prices are falling in Lyon.

According to Century 21, prices are falling and the market is self-regulating

The network of franchised agencies took stock of the real estate market at the end of the first nine months of the year.

Orpi pleads for three emergency measures for housing

The cooperative network reacted to the appointment of Valérie Létard as Minister of Housing and Urban Renewal.

Orpi remains cautious during this real estate return

The network reported a decrease in the number of compromises of 8% compared to last year.

Apartment prices fall by 9.2% in Lyon over one year

This is what emerges from the publication of the Notaries-Insee indices carried out this Tuesday. This concerns the prices of old housing in the second quarter.

Seloger and Meilleurs Agents think that “the worst is behind us”

The two entities organized their annual press conference this Tuesday. The low point would have been reached in August.

Price rebound over 3 months

This is the observation made by LPI – iad in its latest barometer of real estate prices. Over one year, however, prices remain negative, both in France and in Auvergne-Rhône-Alpes.

A real estate market in the recovery phase, according to L’Adresse

A few days ago, the network took stock of the real estate market in the first half.

Apartment prices fall by more than 10% in Lyon

This is what emerges from the latest real estate situation note from French notaries for the first quarter of 2024. Volumes, at the national level, hit the 800,000 transaction mark at the end of May.

Slight rebound in prices over three months, according to LPI – iad

The price per m² signed increased by 2.1% in France over three months, according to this barometer. This rebound, however, remains much less noticeable in Lyon, where it is limited to 0.8%. Over one year, the decline in prices remains widespread in the towns of Auvergne-Rhône-Alpes.

Prices continue to fall, according to Orpi

The cooperative agency network shared its results for the first half of the year.

Price increase of 0.8% over three months according to Seloger / Meilleurs Agents

According to the Seloger / Meilleurs Agents barometer, between January and June, prices at the national level actually started to rise again between March and June.

Slight jump in real estate transactions, decline in prices

This is the observation made by Laforêt, who shared his half-yearly market update on Monday.