Real estate in Lyon: 2022, the year of clarifications
Prices on the Lyon housing market are still on the rise despite the rent control measure and rental restrictions for energy liabilities. Will 2022 be the year of the changeover when, as a bonus, access to borrowing will be more difficult? Find our paintings of Lyon and the Metropolis, district by district. Analyzes.
The reed bends but does not break. Contrary to what some observers had announced, the fall in prices on the real estate market in Lyon did not take place in 2021. After strong growth in the first half, linked to a shortage of offers (+11.3% in January, +10.4% in March, +9.1% in April), the end of the summer had given rise to some concerns. In question, the reflux on the sales market retained during the health crisis, during which the Lyonnais had preferred to remain cautious. In other words, in September, the volume of advertisements increased, prices were thus able to fall in some very sought-after sectors in Lyon and in the metropolis. On the question of prices, the year 2022 does not seem to be shaping any major changes as demand is sustained despite declining purchasing power.
“Certain sectors of the 6th arrondissement have even fallen in recent months”
With more than 12,500 new Grand Lyonnais each year (INSEE) and the low number of new constructions (3,000 according to the Federation of Real Estate Developers) to accommodate them, the metropolis of Lyon retained its attractiveness… and the growth in its prices. However, 2022 will still be pivotal: for the first time, the effects of rent control will be perceptible, as will the implementation of the new energy performance diagnosis (DPE) strongly penalizing energy strainers by prohibiting their location . Small owners, heavily affected, will they sell their rental properties en masse? There also remains a big question mark on the question of access to credit, with stronger constraints than ever, which could eliminate a number of first-time buyers in the process. To put it simply: will 2022 be the year when Lyon prices continue to climb as landlords and buyers are affected by the new measures?
A post-Covid economic context in Lyon
For the moment, “household confidence in the economic situation has practically returned to its pre-health crisis level», notes Nicolas Bouscasse, the president of the National Federation of real estate (Fnaim) of the Rhône. “People finally project themselves, want to change their lives, a bigger house», Illustrates Lilian Baule, manager of L’Espace Immobilier Transaction in Montchat. He pursues : “In the city center, we notice that the market is more lent, with more negotiations, and especially that properties with exteriors – balconies, terraces – have taken 10 to 15% compared to before Covid-19.“Very rare assets in the center of Lyon. “Some areas of the 6th arrondissement have even gone down in recent months, especially because of families who now prefer to go green“, analyzes Nicolas Desmaris, manager of the SLCI Lyon 6 agency.
“Trees do not go up to the sky”
On the merits, several professionals in the sector testify to an extension of the deadlines, perceived as a readjustment to the purchasing power of the Lyonnais. “Until then, goods went very quickly at any price. This is no longer the case today. Very large apartments, or those without an elevator, are more difficult to sell even if they are well placed», Analyzes Lilian Baule. The weak growth of the last few months, around 2%, illustrates this »price tray», and indicates that Lyon is approaching, perhaps, its natural ceiling. “Trees don’t climb to the skyl”, goes the saying.
In fact, the health crisis has not affected the attractiveness of Lyon, which retains its assets, such as its good connection to Paris, its neighborhood with both the Alps and the Mediterranean and above all its (famous) “quality of life”. As a result, 2021 was a record year in terms of sales volumes according to Fnaim, with a 20% increase in the Rhône compared to 2020, and 5% compared to 2019. Nicolas Bouscasse explains: “Admittedly, prices are always more expensive in Lyon than elsewhere, but this is the guarantee of a reliable investment. Evidenced by the very low turnover rate at only 3.2% of the entire housing stock.”
Real estate figures in Lyon. (figures from the Metropolis below)