France

Lyon 6eme

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Real estate insights for Lyon 6eme

AspectSummary
PopulationApprox. 150,000 residents in Lyon 6eme.
Average Property PriceAround €5,500 per sq.m.
Rental YieldTypically between 4% to 6%.
Average Rent€1,200 - €1,800 for apartments.
Occupancy RateApproximately 92%.
Capital Growth RateEstimated at 3% annually.
Property TaxApproximately 14% of rental income.
Transaction CostsAround 7-10% (notary fees, etc.).
Expected ROIEstimated at 5% to 8%.
Economic Growth ImpactStrong local economy boosts demand.

Lyon 6eme FAQ

  • What are the average real estate prices in Lyon 6eme?

    As of late 2023, average real estate prices in Lyon’s 6th arrondissement, known for its upscale atmosphere and proximity to attractions like Parc de la Tête d'Or, typically range between €5,000 and €7,000 per square meter for apartments. For instance, a 70 square meter apartment may sell for around €400,000 to €490,000, depending on factors such as location within the district and the apartment's condition. Additionally, luxury properties near the park can command even higher prices, often exceeding €10,000 per square meter. These figures reflect the high demand in this affluent area, which is characterized by its elegant architecture and a vibrant cultural scene. The rental market also mirrors these trends, with monthly rents often falling between €15 to €25 per square meter, making it a sought-after location for both investors and tenants.

  • How do real estate prices in Lyon 6eme compare to other neighborhoods in Lyon?

    Real estate prices in Lyon 6ème are notably higher compared to many other neighborhoods in the city. This affluent district, characterized by its Haussmannian architecture and green spaces like Parc de la Tête d'Or, attracts a wealthier demographic, contributing to the elevated property values. For instance, as of 2023, the average price per square meter in Lyon 6ème can reach around €5,500 or more, whereas neighborhoods like Lyon 8ème or Lyon 9ème typically see prices around €3,500 to €4,200 per square meter. The proximity to the Rhône river, quality schools, and numerous dining and shopping options also enhance the desirability of Lyon 6ème, further influencing its market. In contrast, emerging districts such as Lyon 7ème are experiencing growth but remain comparatively affordable, with average prices hovering between €4,000 and €4,500 per square meter. This variability highlights the premium aspect of Lyon 6ème amid the broader landscape of the city’s real estate market.

  • What factors influence real estate prices in Lyon 6eme?

    Real estate prices in Lyon 6ème are influenced by a variety of factors, including location, amenities, and historical significance. The neighborhood's proximity to the Rhône River and Parc de la Tête d'Or enhances its appeal, as residents enjoy easy access to green spaces and waterfront activities. The area boasts a range of boutiques, cafes, and dining options, which contribute to a vibrant atmosphere and attract individuals seeking a lively urban lifestyle. Furthermore, the presence of prestigious schools and cultural institutions raises the desirability for families and professionals alike, driving up demand. Additionally, the architectural heritage, featuring Haussmannian buildings and classic Lyonnais structures, adds to the charm while affecting market prices due to their uniqueness and historical value. Lastly, macroeconomic factors such as interest rates and economic conditions in France can also play a significant role in shaping the real estate landscape in this affluent district.

  • Have real estate prices in Lyon 6eme increased or decreased recently?

    In the past year, real estate prices in Lyon's 6ème arrondissement have shown an upward trend, mirroring the overall growth seen across the city. According to recent reports, the average price per square meter has risen to around €5,100, marking an increase of approximately 5% compared to 2022. This is largely attributed to the area's desirable location, characterized by its proximity to cultural landmarks, parks, and quality schools. Notably, properties on Rue de Sèze, which boast elegant architecture and modern amenities, have seen competitive bidding wars, pushing prices even higher. In contrast, certain segments, like older apartments requiring renovations, have not experienced the same surge, reflecting a more nuanced market. Additionally, the ongoing development of new public transport links is anticipated to further enhance property values in the area.

  • What types of properties are most common in Lyon 6eme and their price ranges?

    Lyon 6ème, a sought-after arrondissement in the heart of the city, features a variety of property types primarily centered around classical Haussmannian apartments, contemporary condominiums, and luxury villas. The architectural landscape is dominated by grand, well-preserved 19th-century buildings, often characterized by their high ceilings, elaborate moldings, and large windows, which create a spacious feeling. Prices for these traditional apartments typically range from €3,500 to €6,500 per square meter, depending on location and condition. Newer developments, particularly around the Cité Internationale area, offer modern amenities and striking designs, with prices starting around €4,500 per square meter and going up to €8,000 for penthouses with views of the Rhône River. Additionally, charming townhouses can be found, especially on quieter streets, with some listings going from €800,000 to over €2 million, depending on size and finish. The market is competitive due to the arrondissement’s desirable location, proximity to parks like Parc de la Tête d'Or, and a vibrant local scene, reflecting its premium status in Lyon.

  • What amenities or features typically affect real estate prices in Lyon 6eme?

    Real estate prices in Lyon 6ème are significantly influenced by various amenities and features that cater to both convenience and lifestyle. Proximity to public transport, such as the Metro and numerous bus lines, plays a crucial role; properties located near these options tend to command higher prices due to ease of access to other parts of the city. Additionally, the presence of parks and green spaces, like the Parc de la Tête d'Or, enhances the desirability of the area, appealing to families and individuals seeking outdoor activities. The quality and variety of local shops, restaurants, and cafes also affect pricing, with streets featuring trendy boutiques and gastronomic establishments likely boosting property values. Moreover, the architectural style and age of buildings can impact valuation; properties in Haussmannian style, often characterized by high ceilings and elegant façades, are typically more sought after. Availability of reputable schools in the vicinity further elevates demand, as families prioritize educational options for their children.

  • Are there any upcoming developments that might impact real estate prices in Lyon 6eme?

    Currently, Lyon 6ème is poised for several developments that could significantly influence real estate prices. The renovation of the Tête d'Or park area, one of the largest urban parks in France, is set to enhance its appeal, potentially increasing property values nearby. Additionally, the ongoing expansion of the Lyon Metro, with the new line connecting to key business districts, is expected to improve accessibility and attract more residents. High-profile projects like the construction of luxury apartments along the Rhône River are also underway, catering to a growing demand for upscale living spaces. Furthermore, the rise of co-working spaces in the area could appeal to young professionals, making the locale increasingly desirable for a diverse demographic. These factors combined could create upward pressure on the local real estate market.