Why it is profitable to invest in real estate in Auvergne

Figures released by the Auvergne Interdepartmental Chamber of Notaries confirm this: the former Auvergne region retains undeniable assets in terms of real estate. “After a stable 2021, 2022 is off to a fast start with average prices rising and sales also increasing in this first quarter,” welcomes Chamber President Mé Jacques Turquet.

How did the four Auvergne departments achieve their highest transaction volumes in the last decade?

In the first quarter of 2022, sales of all types of goods increased by +11% in Allier, +6% in Cantal, +14% in Haute-Loire and +11% in Puy-de-Dome compared to 2021. In these four departments, transaction volumes recorded this year are simply the highest in a decade.

In terms of price per average square meter, in Auvergne-Rhone-Alpes prices for older apartments increased by +5.7% y/y and for old houses by +1%. This upward trend in prices for old buildings is observed in the departments of Auvergne, with the exception of Cantal, where there is a slight decrease (-1%).

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How are things in the market of old houses?

At the end of March 2022, the market for old houses rose sharply in Allier (+7.5% y/y) and Haute-Loire (+6.5%). In the latter department, prices rose for the fourth year in a row.

The Puy de Dome registered a +2.5% increase, which only partly offset the previous year’s decline (-6.3%). The only department in the Auvergne that sees a slight drop is Cantal (-1%).

Observed at the level of geographic sectors, median prices and their dynamics are highly contrasted both within one department and outside it. Three sectors are experiencing strong growth (approximately +18%): Combray-Bourbonnaise, Issengo area and Lyman-South.

premium The first premises of Fabriks de Mai are expected at the end of 2023 in Clermont-Ferrand.

In these three sectors, the distribution of the market between properties of different sizes has changed only slightly and cannot by itself explain the increase recorded this year.

Conversely, the most significant declines are in the districts of Saint-Flour (-6.9%) and Livradoy-Foret (-8.3%). Here, the living area of ​​the acquired property fell slightly from year to year, which partly explains the recorded fall.

Finally, there is a difference of almost one to three times between the average prices measured in the Mauriac district (€72,500) and those in the outskirts of Clermont (€213,500). This latter sector is also the most dynamic in terms of transaction volumes, accounting for almost a third (31%) of old home sales in Puy-de-Dome.

How is the old apartment market doing?

At the end of March 2022, the average price per square meter of old apartments rose sharply over the year in Allier (+14%), Haute-Loire (+9.7%) and Puy-de-Dome (+6.2%). As for old houses, only in Cantal there is a slight drop (-1%).

At the end of March 2022, in Allier, the Val d’Allier sector showed the strongest annual growth (+13.9% to 1370 EUR/m²). It is also the most dynamic sector, accounting for 60% of departmental transactions with old apartments. Vichy has the highest price level and growth rate in the department (+17.9% to €1,460/m²).

premium Energy filters: owners will have to make repairs in order to be able to rent out (Puy-de-Dome)

In Cantal, a fall in prices in the Aurillac district (78% of sales) leads to a fall in prices in the department, despite a sharp increase in the Saint-Flour district (+15.6%).

In the Haute-Loire, prices and rates of change remain relatively uniform, ranging from €860/m² in Brioude to €1,290/m² in Puy-en-Velay.

In Puy-de-Dome, all measured sectors are on the rise, from the outskirts of Clermont (+2.6%) to the south of Limany (+10.3%).Are building plots popular?

At the end of March 2022, the average sale price on the land market was €25,600 in Allier, €25,400 in Cantal, €39,300 in the Haute-Loire and €56,000 in Puy-de-Dome.

The best-selling areas correspond to lands ranging from 900 to 1500 m² in Allier (32%), Cantal (43%) and Haute-Loire (33%).

The Puy-de-Dôme, on the other hand, has the most land under 600 m² (35%).

What are the prices in Clermont areas?

Not surprisingly, in the old center of Clermont, the average price per square meter of old apartments is the highest: 2,450 euros (+13.8%); Blatin, €2,410 (+18.7%); Les Salins €2,200 (+14.1%); May 1 island – 2180 euros; La Fontaine-du-Bac, 2170 euros; western scallops – 2130 euros; Sablon-Trudane, €2,040 (+11.5%); La Glacier, €2,030 (8.3%); Montuset, 2020 euros (+16.5%); Saint Alir, 2020 euros (+8.6%); Vallière 1970 euros (+10.2%); Southern Saint-Jacques, 1920 euros; station — 1850 euros (+6.2%); Oradou, 1850 euros (+6.6%); Leon-Blum-la Ray Dieu – 1840 euros (-11%); Breze, 1810 euros; Pradelle – 1710 euros (+4.4%); Chanterand, 1610 euros (+9.6%); Republic, 1580 euros; Montferrand, 1530 euros (-17.4%); Croix de Neira – 1180 euros (+ 17.6%).

Gael Chazal

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