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The real estate market in Lyon has confirmed its improvement last year. According to the figures published by the Laforet network, between 2009 and 2010, it increased by 6%. This tendency was linked to an increase of the number of sales and of less properties for sale on the market.
As witnessed by the excellent urban community of Lyon at the last MIPIM exhibition, the Grand Lyon always attracts interest by buyers and investors. This is perceived by a 23% increase of the transactions registered by Laforet in 2010, as declared by the network. This tendency was observed on the prices, which rose from 2304 Euros per square meter in 2009 to 2438 square meters in 2010. This 6% increase is based on the number of sales (30 100 in 2010) and the sales which were mandated. The center of Lyon has the biggest increase with 11%, compared to East and West increasing by 7% each.
Increased demand, less properties on the market...
On average, the potential demand has increased by 38%, mainly targeting the East and West parts of the city, which has seen the number of potential purchasers increase by respectively 58% and 50%. As a consequence, offers have dropped in the area of Lyon by 25%, mainly in the center by 35% and in the West by 39%. The average number of days for a property to stay for sale on the market is now 94 days compared to 123 in 2009.
You can also find information about property for sale in Paris or property for sale in Marseilles.
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