Craponne and Vernaison are experiencing the biggest drops, with nearly -18% over the past three years. In Craponne, the price per square meter has dropped from €5,100 to €4,176, while in Vernaison, it now caps at €3,857/m². These were unbelievable prices just a few years ago, making these towns attractive again for families and young professionals seeking a home with a garden.
Francheville and Brignais follow the trend
The trend is also affecting Francheville and Brignais, where prices are adjusting significantly. In Francheville, houses have dropped from over €5,300/m² in 2021 to about €4,400/m² today. In Brignais, the drop is also -18%, with an average price now around €3,869/m². These levels are bringing fresh opportunities for buyers, even if the correction is painful for sellers.
Saint-Genis-Laval, a victim of its accessibility
The enhanced connection in Lyon with the new metro line B hasn't stopped the price drop in Saint-Genis-Laval. The town is experiencing a price decline of -14% over two years, reaching around €4,399/m². It's a paradoxical situation: accessibility boosts demand, but the overall market context is mechanically pushing prices down.
Three factors explain this unprecedented drop in the Lyon real estate market. First, the rise in credit rates severely reduces purchasing power for households. Next, the massive return of energy-hungry properties or those needing significant renovations expands the available supply. Finally, there’s a post-COVID rebalancing: towns that exploded in popularity are now seeing their allure normalize.
A New Game for Buyers and Sellers
For buyers, now is the time like never before: the margins of...Negotiations have never been so wide. Investors are also sniffing out great opportunities with prices pulling back, hinting at good returns in the medium term. However, sellers need to be realistic: showing prices from yesterday in 2025 risks letting your property gather dust on the market.
Source: Le Site Immo