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Rising and Falling Apartment Prices in Provincial Towns: July 2021 Report

Prices of old apartments continue to increase, often rapidly, in most provincial towns over one year, at the end of July. But the situation is mixed, as indicated by the latest LPI-iad Barometer *.

Annecy, Grenoble, Chambéry… Rising prices

Price increases affect 70% of towns with more than 40,000 inhabitants. The increase is then 6.2% on average over one year, at the end of July, as in Marseille (+ 5.8%) and Annecy (+ 6.7%).

Prices are increasing by at least 8% in 25% of cities, for an average increase of 11.4%. This is the case for Nice (+ 8%), Thionville (+ 8.4%), Clermont-Ferrand (+ 9.4%), Vénissieux (+ 11.1%) and Metz (+ 13.1%). ). They jump in Châteauroux with + 20.6% and in Niort with + 16%.

In certain cities, developments seem more hesitant since the spring, such as Strasbourg (+ 0.6%), Lille and Nancy (+ 0.7%), Valence (+ 0.9%), Grenoble and Chambéry (+ 1 .3%) or Montpellier (+ 1.2%).

Prices increase by almost 5% in others, such as in Dijon (+ 4.3%).

Avignon, Lyon, Belfort… Falling prices

On the other hand, the drop in prices only concerns 30% of towns in the provinces. Prices then fell by 4.1% on average, and the reductions became more numerous. They are observed more often in larger cities, in the context of tightening access to credit. They are strengthening in Belfort (- 9.5%), Tours (- 6.3%), Avignon (- 6.2%), Lyon (- 3.4%), Nantes (- 3.3%).

The declines, however, remain moderate in certain cities, such as Besançon (- 2.9%), Rennes (- 2.6%), Villeurbanne (- 1.9%), Colmar and Mulhouse (- 1.8%) or Bordeaux (- 1%).

The fall in prices is further reinforced in Ile-de-France

The decline in prices of old apartments concerns 85% of towns in the Ile-de-France region with more than 40,000 inhabitants and is occurring at an average rate of 2.6% over one year. If the decline continues in Hauts-de-Seine, it spreads quickly in Yvelines (- 3.1%) and Val de Marne (- 4.3%), even reaching 7% in Choisy-le-Roi or in Fontenay-sous-Bois.

* In partnership with BNP Paribas Residentiel CHH, CapiFrance, Crédit Logement, Crédit Mutuel (to which the Ebra group which owns your newspaper belongs), Gecina, Groupe BPCE, iad, La Banque Postale, OptimHome, Safti and Sogeprom

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