Is buying a property on the Presqu'ïle a good investment?

Last updated on December 7, 2023

Yes, the analysis of Lyon's property market is included in our pack

If you've admired the central location and cultural richness on the Presqu'ïle in Lyon, you might have considered investing in a property here, enjoying the convenience of city living while immersing yourself in the vibrant atmosphere and historical heritage of this iconic neighborhood in the heart of Lyon.

Is it a good idea though? How is the real estate market there? Are prices going up or going down? Do people make profits on their real estate investments? What about the rental demand?

We'll answer all these questions for you! When building and updating our property pack for France, our team has been researching and surveying this area. Actually, lots of customers are interested in investing there. So we thought it would be a good idea to add some information about it in our pack.

Why do property buyers like investing on the Presqu'ïle?

Presqu'île in Lyon stands out as a highly sought-after location for property buyers, a blend of unique characteristics that set it apart from other real estate markets, not just in Lyon but globally.

Its appeal is rooted in a rich historical ambiance combined with modern amenities, making it a jewel in Lyon's urban landscape.

One of the key factors that make Presqu'île attractive is its architectural beauty and historical significance. This area, nestled between the Rhône and Saône rivers, is known for its stunning 19th-century buildings, picturesque streets, and vibrant cultural scene.

The architecture here is not just a backdrop but a living part of the city's history, offering a charm that newer developments can't replicate. This blend of the old and the new is something that's hard to find in other real estate markets, where properties often lean heavily towards either historic or modern styles.

Presqu'île also boasts a strategic location. Being in the heart of Lyon, it's close to everything – from top-notch restaurants and cafes to cultural hotspots like museums and theaters. This convenience is a significant draw for those who want the best of city living without the need for long commutes.

When you compare Presqu'île to other areas in Lyon, like the quieter residential outskirts or the more industrially inclined districts, its central location is a clear advantage.

The popularity of Presqu'île as a real estate choice began to rise notably in the late 20th and early 21st centuries. This surge was driven by a growing appreciation for urban living and the charm of historical neighborhoods. The trend towards urban revitalization across major cities worldwide played a role in this.

As for whether Presqu'île will maintain its hype, current trends suggest it will. The desire for locations that offer a mix of history, culture, and convenience seems to be more than just a passing fad. This enduring appeal is backed by the steady demand for properties in such unique urban settings.

The area attracts a diverse range of people. It's particularly appealing to those who appreciate cultural richness and architectural beauty – think artists, historians, and architecture enthusiasts.

It's also a hit with young professionals and expatriates who are drawn to the vibrant city life and the convenience of having amenities and workplaces close by. This diversity adds to the area's dynamic atmosphere, making it an ever-evolving and lively place to live.

However, like any place, Presqu'île has its drawbacks. The very factors that make it attractive such as its historical buildings and central location can also be seen as limitations. The preservation of historical architecture means that there's less scope for large new developments, which can limit housing supply and drive up prices.

Additionally, being in the heart of the city means dealing with the hustle and bustle of urban life, which might not be everyone's cup of tea.

Traffic congestion and noise can be a downside for those seeking a quieter, more laid-back lifestyle.

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Why is Presqu'ïle a nice place to live?

Living in Presqu'ïle offers a distinctive lifestyle and culture that's both enriching and vibrant.

This area, nestled between two rivers, is a historical gem, but it's the way that history is woven into daily life that really stands out. Imagine strolling through streets lined with 19th-century architecture, where every corner offers a slice of Lyon's rich past, yet these surroundings are buzzing with modern-day activities.

The lifestyle in Presqu'ïle is characterized by a unique blend of tradition and contemporary urban living. You'll find bustling markets, like the famous Saint-Antoine Market along the Saône, where locals shop for fresh produce, mingling with trendy cafes and restaurants serving everything from traditional Lyonnaise cuisine to international dishes.

This area is also a cultural hotspot, with numerous theaters, galleries, and museums, such as the Museum of Fine Arts, offering a regular calendar of events and exhibitions.

The expat community in Presqu'ïle is quite active and diverse. Thanks to Lyon's status as a significant business and educational hub, many expatriates are drawn here, and they find Presqu'ïle particularly appealing due to its central location and cultural richness.

This has led to a cosmopolitan atmosphere where different cultures and languages blend seamlessly.

Living in Presqu'ïle does come with a higher cost compared to some other parts of Lyon. Its popularity and central location mean that housing prices and the cost of living can be quite steep.

In terms of safety, Presqu'ïle is generally considered safe, particularly in comparison to bigger metropolitan areas. Like any city center, it's always wise to be aware of your surroundings, especially at night or in less crowded areas, but overall, the safety situation is quite good.

The amenities and facilities in Presqu'ïle are top-notch. You have access to some of the best schools in the city, like the Lycée Saint-Exupéry, and healthcare facilities such as the Hôpital Saint-Joseph Saint-Luc. Shopping options range from high-end boutiques to large shopping centers like the Centre Commercial La Part-Dieu, which is just a short distance away.

Infrastructure quality in Presqu'ïle is impressive. The roads are well-maintained, and the area is well-served by utilities and services. Internet connectivity is excellent, which is a significant plus for both residents and businesses.

This modern infrastructure, combined with the historical setting, makes for a unique and comfortable living environment.

Accessibility is another strong point of Presqu'ïle. It's well-connected to other parts of Lyon, making it easy to get around the city. The public transportation options are plentiful, with several metro stations, such as Bellecour and Cordeliers, and numerous bus lines serving the area. This makes commuting or exploring other parts of Lyon a breeze.

Plus, getting to major transport hubs like Lyon-Saint Exupéry Airport is straightforward, whether by public transport, taxi, or car.

How much does it cost to buy real estate on the Presqu'ïle?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in France.

Buying property in Presqu'ïle can be quite an investment, considering its status as a prime real estate location.

The types of residential properties available in Presqu'ïle primarily include apartments, which range from charming, historical units in old buildings to modern, high-end apartments in renovated or newly constructed buildings.

Houses and luxury villas are less common in this densely urban area, with the focus being more on apartment living that suits the city-center lifestyle.

In Presqu'ïle, apartments, especially those with historical charm or in prime locations near key squares like Place Bellecour or along the riverbanks, are in high demand. The demand is driven by the unique blend of urban living with a historical backdrop that this neighborhood offers.

Buyers are often attracted to the character and history of older apartments, while others seek the comfort and amenities of modern living spaces.

Regarding new developments versus resale properties, Presqu'ïle is predominantly characterized by resale properties due to its historical nature and strict urban planning regulations that aim to preserve the area's architectural heritage.

New developments are relatively rare, but when they do occur, they're typically high-end renovations or conversions of existing buildings rather than entirely new constructions.

Speaking of the price range, properties in Presqu'ïle are among the most expensive in Lyon. Prices per square meter can vary significantly depending on the exact location, type of property, and its condition.

Generally, you can expect prices to be on the higher end due to the area's desirability. For an average apartment, prices can range from a certain threshold per square meter to a significantly higher amount for premium properties.

Over recent years, property values in Presqu'ïle have shown an upward trend. This increase can be attributed to the area's unchanging appeal, limited supply of new properties, and the overall attractiveness of Lyon as a city.

Looking forward, there may be developments or city planning changes that could impact property values. Any such changes are likely to focus on urban renewal and preservation, enhancing public spaces, or improving infrastructure, which typically boost property values. If specific developments or projects are announced, they could further influence the market dynamics.

Predictions for the real estate market in Presqu'ïle in the coming years lean towards continued value appreciation. This expectation is based on the historical trend, the ongoing demand for properties in this area, and Lyon's growing status as a significant European city.

Factors that indicate a potential increase in property values in Presqu'ïle include the sustained demand for housing in central Lyon, the limited availability of new properties due to strict urban planning policies, and the general trend of urban living becoming more desirable.

Additionally, any improvements in infrastructure, public transport connectivity, or cultural amenities will further enhance the appeal of living in Presqu'ïle, thereby potentially driving property values up.

The unique blend of history, culture, and urban living that this neighborhood offers makes it a standout choice, but it's important to be aware of the investment level required to enter this market.

Where is the best area to buy a property on the Presqu'ïle?

When considering where to buy property in Presqu'ïle it's important to understand that different parts of this area offer varied atmospheres, types of properties, and price ranges.

Presqu'ïle itself, as a central district nestled between the Rhône and Saône rivers, is already a prestigious location. Within it, certain areas stand out for their unique characteristics.

One of the most sought-after parts of Presqu'ïle is around Place Bellecour, one of the largest public squares in Europe. This area is known for its grandeur, historic significance, and vibrant urban life.

Properties here are typically beautiful old apartments, many with stunning views and elegant architectural details. As you might expect, prices in this area are among the highest in Lyon, reflecting the premium location and the historical value of the properties.

Another notable area is around the Rue Mercière and Place des Jacobins. This part of Presqu'ïle is famous for its lively atmosphere, with numerous restaurants, cafes, and boutiques. The properties here are often charming, with a more bohemian feel compared to the grandeur of Place Bellecour.

Prices are slightly lower than in the very center, but still on the higher side due to the area's popularity and central location.

For those looking for something a bit quieter but still within Presqu'ïle, the area around Ainay, towards the southern part of the peninsula, is a good choice. It's known for its more residential feel, with a mix of modern and historical buildings.

The prices here can be more reasonable, offering a good balance between a central location and a more relaxed atmosphere.

As for up-and-coming areas, the lower part of the Presqu'ïle, closer to Confluence, is undergoing significant development. This area is becoming increasingly attractive due to new housing projects and the development of shopping and leisure facilities.

While it's more modern and lacks the historical charm of central Presqu'ïle, it offers more contemporary housing options, often at more affordable prices.

On the contrary, areas closer to Perrache train station, while still part of Presqu'ïle, might be less advisable for property buyers looking for a typical Presqu'ïle experience.

This area can be busier and noisier due to the transport hub, and it doesn't have the same historical or architectural appeal as the more central parts of Presqu'ïle.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for France.

Area	Atmosphere	Property Types	Price Range
Place Bellecour	Grand, historic, vibrant urban life	Historic apartments	Highest in Lyon
Rue Mercière / Place des Jacobins	Lively, bohemian	Charming old apartments	High
Ainay	Residential, quieter	Mix of modern and historical buildings	Moderate
Lower Presqu'ïle / Confluence	Modern, developing	Contemporary housing	More affordable
Near Perrache Station	Busier, noisier	Varied, less historical	Varies, generally lower

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Is there a strong rental demand on the Presqu'ïle?

Presqu'ïle has a strong rental demand, attributed to its central location, rich history, and vibrant lifestyle.

The rental market here caters to both short-term and long-term tenants, but the nature of demand varies across different areas within Presqu'ïle.

Short-term rentals are particularly popular in areas close to tourist attractions, cultural venues, and major public squares like Place Bellecour and the streets around Rue Mercière. These areas attract tourists, business travelers, and short-term visitors who seek the convenience and excitement of staying in the heart of Lyon.

The properties in high demand for short-term rentals are typically well-furnished apartments that offer a blend of modern amenities and historical charm.

Long-term rentals, on the other hand, see a varied demographic. These include young professionals, expatriates, and students from nearby universities and business schools. The long-term rental market is strong in quieter areas like Ainay, which offer a more residential atmosphere.

Tenants often look for apartments that balance modern comforts with the traditional character of the neighborhood. Properties with additional amenities like balconies, renovated interiors, and proximity to public transportation are highly sought after.

The profile of potential tenants in Presqu'ïle is diverse. Young professionals and expatriates often seek properties that are not only close to their workplaces but also offer easy access to the city's rich cultural life. Students, on the other hand, prioritize affordability and proximity to educational institutions.

Tourists and short-term visitors usually look for properties that provide an authentic Lyon experience, combining comfort and convenience with a taste of the city's history and culture.

When it comes to amenities, features that can reduce vacancy and make a property more attractive include high-speed internet, modern kitchens and bathrooms, and security features like intercom systems.

Properties that offer unique views of the city or river, have outdoor spaces, or are located in buildings with historical significance can also command higher interest and rents.

The potential returns on investment for properties in Presqu'ïle can be quite attractive, especially given the area's consistent demand.

For well-located and well-maintained properties, landlords can expect a healthy return, though the exact figures vary based on the property's size, condition, and exact location.

It's important to balance initial investment costs, ongoing maintenance, and the competitive rental market to maximize returns.

In terms of properties gaining more demand and potentially offering better yields, apartments that combine historical features with modern amenities are particularly popular.

There's a growing interest in spaces that offer a unique living experience, such as lofts in converted historic buildings or apartments with distinctive architectural details.

These types of properties not only attract a wide range of tenants but also tend to retain their value and appeal in the rental market.

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Is it easy to buy a property as foreigner on the Presqu'ïle?

Before we answer the question, please know that we have an article dedicated to the experience of buying real estate as a foreigner in France.

Buying property in Presqu'ïle, Lyon, as a foreigner is relatively straightforward, as France is generally open to foreign property investment.

However, there are certain aspects of the process and local market conditions that you should be aware of to ensure a smooth transaction and avoid common pitfalls.

Firstly, there are no specific regulations or restrictions placed on foreign buyers in France, including in Presqu'ïle, Lyon. This means that as a foreigner, you have the same rights to purchase property as a French citizen.

However, the process can be complex, particularly if you're not familiar with the French legal system or the local real estate market.

The purchasing process in Presqu'ïle typically starts with finding a property and making an offer. Once the offer is accepted, a preliminary contract, usually known as a "compromis de vente," is signed. This contract outlines the terms of the sale and is legally binding.

A deposit is then paid, which is usually around 10% of the purchase price. The final step is the signing of the "acte de vente" (deed of sale) at a notary's office, which officially transfers ownership. This process can take several months to complete.

One primary risk associated with property investment in Presqu'ïle is the potential for high property prices and the cost of renovations, especially in historic buildings. Properties in Presqu'ïle can be expensive, and if the building is historic, it may require significant investment to bring it up to modern standards while complying with preservation regulations.

A classic pitfall for foreign buyers in France, including in Presqu'ïle, is underestimating the importance of the notarial system and the complexities of French property law.

For example, inheritance laws in France can be quite different from those in other countries and can affect your estate planning.

Additionally, tax implications for foreign investors can be complex, and it's crucial to understand these before making a purchase.

Given these complexities, it's highly advisable to work with a local real estate agent and a lawyer who are familiar with the French property market and legal system. They can provide invaluable guidance throughout the buying process, help navigate the legal requirements, and ensure that you are fully informed about the implications of your purchase.

Common exit strategies for property investors in Presqu'ïle include selling the property for capital appreciation or renting it out for income generation.