Real estate in Lyon: prices still falling!

Nationally, property prices are stabilizing, after a declining year in 2023 (-1.5% on average). Between January and the beginning of October, they evolved positively (+1%), and in the 10 largest cities in France (with the exception of Paris), the fall in prices slowed considerably (-0.2%). ). Yet, one city is resisting: Lyon, which recorded a price drop of -5.8% over the same period! The City of Lights is even experiencing its worst September in four years, with an average price down 1%. An anomaly in a landscape where the trend is towards the stabilization of real estate prices. As of October 1, 2024, in Lyon, the average price per square meter was €4,704/m².

Several reasons explain Lyon's dropout. Rising interest rates affected demand, in a city already penalized by the Covid-19 crisis. Between January 2021 and January 2024, i.e. in three years, the drop in demand reached -24%. It resulted a accumulation of goods for sale, whose number has more than doubled in the same time. However, we can note a recent improvement, since supply finally stabilizes (-1% over one year). The buyers are finally back, with a demand which has started to rise again (+9% in one year).