2023-07-16 05:24:08
Are you looking to understand the evolution of the real estate market in Auvergne-Rhône-Alpes? Be aware that the situation is complex and varies considerably from one department to another. Despite a general decrease in the number of transactions, the evolution of prices differs widely. Zoom on the data of the balance sheet of the old market in the first half of 2023 carried out by the network of real estate agencies Century 21 France.
At the national level, the real estate market is undergoing a general contraction, with a decline in transactions of 14.3% on average over one year. I’Auvergne-Rhône-Alpes is no exception to this trend, with a marked drop in the number of transactions: -15.3% for houses and -12.6% for apartments.
The region Auvergne-Rhône-Alpes, which has 12 departments, is showing signs of tension in its real estate market. Indeed, between the first half of 2022 and the first half of 2023, only four departments saw their average price per square meter drop for all types of property: Rhône (-1%), the Cantal (-4,5%), l’Ardeche (-3.3%) and the Drome (-2,4%).
However, the strongest price increase was observed in Savoie (+8.8%), a relatively atypical market. This strong increase resulted in a drastic slowdown in activity of -31.7% over one year. The high prices therefore seem to have a direct impact on the volume of sales, demonstrating a certain tension in the market.
Surfaces adjust downward
It is interesting to note that the surfaces of real estate purchased are also experiencing a slight adjustment in the region, with a drop of -0.6% for apartments and -0.7% for houses on average. This tendency to buy smaller might be a response to rising prices.
The prices of houses and apartments too
For houses, the average price per square meter is 2,473 euros (-5.5% over 12 months). Selling times have increased to 99 days (+9 days over 12 months), and the average amount of an acquisition amounts to 273,852 euros (+7.5% over 12 months). The average area of the property purchased is 117.4 square meters (-0.8 square meters or -0.7% over 12 months).
Regarding apartments, the average price per square meter is 3203 euros (-0.2%). Selling times are 94 days (+2 days over 12 months), the average amount of an acquisition is 202,093 euros (-2% over 12 months), and the average surface area of the property purchased is 65.5 square meters (-0.5 square meters or -0.6% over 12 months).
Buyers confident in their ability to repay their loans
The average duration of the mortgage in Auvergne-Rhône-Alpes is 21.1 years, in line with the national average, a sign that despite these tensions, buyers remain optimistic regarding their ability to repay their loans.
The key figures for real estate in Auvergne Rhône-Alpes
For homes
Number of transactions: -15.3% Average price per square meter: 2,473 euros (-5.5% over 12 months) Selling time: 99 days (+9 days over 12 months) Average amount of an acquisition: 273 852 euros (+7.5% over 12 months) Average area of the property purchased: 117.4 square meters (-0.8 square meters or -0.7% over 12 months)
For apartments
Number of transactions: -12.6% Average price per square meter: 3,203 euros (-0.2%) Selling time: 94 days (+2 days over 12 months) Average amount of an acquisition: 202,093 euros (- 2% over 12 months) Average area of the property purchased: 65.5 square meters (-0.5 square meters or -0.6% over 12 months)
The average mortgage term in the region is 21.1 years.
Source: Study by Century 21 France – Balance sheet 1st semester 2023
1689487085
#Tensions #price #drops
