More broadly, the rush of investors in Dijon real estate has the effect of pushing up the entire market, both new and old. In fact, buyers of main residences who prefer new supply face too much competition. They have no choice but to turn to the old real estate market, which is also already tight.
Since the end of the first confinement, so-called medium-sized cities like Dijon have experienced an unprecedented real estate boom. The number of properties for sale has decreased considerably during 2021. The imbalance between supply and demand is thus tending to strengthen… in favor of sellers.
But even they are reluctant to sell because if they have to relocate to Dijon, they too have to find a shoe that suits them. Under-provider as a whole, both new and old, the Dijon real estate market could only see the price of its apartments increase a little more.
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