The new station for line 14, Pont Cardinet (17th arrondissement) -

RATP

  • The recent extension of line 14 has proven this dynamic.

    Real estate prices around the new metro stations have indeed risen sharply.

  • “Prices have indeed increased by 25% on average in five years against 19% in the rest of their city,” notes Best Agents.

  • Best Agents also unveiled its top 5 cities "where to invest to take full advantage of the Grand Paris Express".

Greater Paris is changing and prices are increasing.

According to Meilleur Agents, which launched the Greater Paris Real Estate Price Observatory on Tuesday, the neighborhoods around stations are currently popular.

"Real estate prices in neighborhoods around Grand Paris train stations are outperforming the trend observed in the municipalities: they have indeed increased by 25% on average in five years against 19% in the rest of their city. ", Notes Best Agents.

The recent extension of line 14 has proven this dynamic.

Real estate prices around the new metro stations have indeed risen sharply since the start of the works: an increase of 46.7% on average is observed.

This is more than the price increase observed throughout the City of Paris (+ 32.4%) over the same period.

If the Mairie de Saint-Ouen terminus remains the most accessible district (6,138 euros / m2), it is also the station which observes the greatest variation in price, with an increase of 55% in five years.

But this phenomenon extends to other cities in connection with future lines.

"These are promising sectors"

“Greater Paris will have an impact and open up rental options for Ile-de-France residents, all the more so in station areas.

These are promising sectors, which offer very attractive purchasing power.

This attractiveness is already being felt ”, explains Barbara Castillo, head of economic studies at Meilleur Agents.

And this is particularly true according to them, in Bondy (Seine-Saint-Denis), Rueil-Suresnes and Nanterre La Folie (Hauts-de-Seine).

At the top of the resorts that have increased the price of real estate the most over the past five years, we also find Mairie de Saint-Ouen, Les Agnettes, La Défense.

A top 5 cities to invest in

Finally, Meilleur Agents unveiled its top 5 cities "where to invest to take full advantage of the Grand Paris Express".

These are Saint Denis, Villejuif, Bobigny, Bagneux and Gennevilliers.

"With the opening of four new stations on line 14 and while the works are halfway through, the Grand Paris Express is becoming more than ever a reality", underlines Meilleur Agents.

And to specify: “This titanic project, which provides for the creation of 200 kilometers of automatic metro lines (ie, double the existing network) and 68 stations will revolutionize mobility in the Paris region.

And, thereby, profoundly modify the real estate market in Ile-de-France ”.

“The arrival of the metro has played a role in accelerating growth in these rapidly changing cities.

Saint-Denis is a good illustration of this phenomenon: around its Saint-Denis-Pleyel station, real estate prices have jumped by 40%, ”explains Thomas Lefebvre, scientific director of Meilleur Agents.

According to him, “the city, on the way to becoming the most important crossroads of the Grand Paris Express, is becoming the showcase for the transformation of Seine-Saint-Denis for the 2024 Olympic Games. Jobs, transport, housing… The upgrading of its territory is considerable ”.

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Ile-de-France: The extension of line 14 has raised real estate prices

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