More and more requests than offers of goods
In this autumn of 2022, the Dijon real estate market is not immune from the impact of rising credit rates and increased funding refusals by banks. However, for Guillaume Robinetreal estate agent at “De la cour au jardin”, remains quite lively “in the sense that there are always more requests than offers“. Dijon, like other large cities in the regions, has not escaped the price increase. In the first half of the year, the latter is estimated at 5%. “The current period still allows you to sell or buy when the project is truly defined.i ”, continues the professional, especially since the Dijon region has well-identified assets.
At the crossroads of Paris, Lyon and SwitzerlandAnd
30 years ago, this human-sized city was already at the top of the list of French cities where life is good. The capital of Burgundy wines is now also that of the taste buds with the opening of the International City of Gastronomy and Wine, strengthening its tourist and cultural appeal and, by extension, already consolidated economic, thanks to the motorway network (A6, A36 , A5, A39) and TGV, which connects Paris, Lyon and Switzerland in less than 1h40.
Many opportunities for a private investor who wants to acquire a small-sized property with a view to seasonal rental, where the night is displayed on average at 43 euros. These are apartments from all eras in the city center and close to the Faculties, with or without renovation: half-timbered townhouse in the conservation area with beautiful volumes and French ceilings, building from the 1930s or 1960s, as well as recent constructions. Much of this offering, except the most recent one, lacks an exterior. As for properties beyond T3 they are quite rare, therefore highly sought after by tenants. This tension on properties keeps rental investment in new or old buildings attractive and profitable: the average rent of an empty room for rent is € 18 / m², that of a two-room apartment € 13 / m² and that of a three-room apartment apartment at 11 € / sqm.
A rental market driven by strong student demand
This is explained by a rental market led by people between the ages of 18 and 25. In early autumn, Dijon celebrates the 300th anniversary of its university, where nearly 40,000 students are enrolled. The majority come to study at the Montmuzard University Campus, created in 1957 and which continues to accommodate new buildings for the University, but also student residences.
A little sleepy in the early 2000s, the City of the Dukes of Burgundy wakes up with a new urban project and its own tram. Two lines draw a three-pointed star. They allow to serve the northern districts, the city of Chenôve (south-east) and that of Quétigny (south-west), passing through the city center which becomes greener and safer with its pedestrian zone.
Popular districts of Dijon
Between Place de la République, the train station and rue Chabot-Charny / Place Wilson, it takes 3,000 euros per m². For exceptional old properties it can exceed 4,700 euros per m². So, for an apartment of 60 to 70 m², you need to count on a budget of 250,000 euros. For the houses, you have to look patiently at the Montchapet or Victor Hugo neighborhoods (3,250 euros per m²), which are very popular thanks to their boulevards and public parks. In the new, the opportunities of the moment are in the area under renovation of the former general hospital of Dijon, on the banks of the Ouche.
Clos de Pouilly and Toison d’Or districts, located to the north, between the city center and the ring road, it forms what is called the new Dijon. This area, made up of residential buildings (from one-room to three-room apartments) built less than 20 years ago on former military land, or under construction, and close to tertiary activities, is highly sought after. This is the most expensive area of the city: here the square meters can quickly exceed 3,500 euros, with or without exterior in the old or in the new.
Various offers in the Dijon region
A family with children, for whom an outward appearance is essential, should look towards the periphery towards villages such as Ahuy, Asnières-lès-Dijon, Varois and Chaignot, the area of Combes to the north-east, Corcelles-les-Monts, Velars – sur-Ouche… There, for a budget of 300 to 350k €, he has access to a large house to renovate, with an exterior that can sometimes be very large, but is increasingly rare. Moving away in the sector of the Ouche valley, in the Dijon plain and in part of the wine coast, for 250,000 euros, this same family can acquire a farmhouse in exposed stone and wooden structure, but to be restored from floor to ceiling, with lots of space around the house.
