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Real estate prices rise near future stations

Artist’s impression of the Saint-Denis Pléil station of the Grand Paris Express. Credit: Société du Grand Paris / Kengo Kuma and Associates Agency

Decryption – A new station is a factor in accelerating real estate price growth. But some municipalities may stagnate in the absence of urban renewal projects.

Construction of the Grand Paris Express station, which is from 2025, Will make life easier for millions of Île-de-France residents, already increasing the value of housing near future stations. “The arrival of a metro in a district that doesn’t have one is a driver of price acceleration years before it goes into service”. Confirms Barbara Castillo, head of economic research at Meilleursagents. To the west of Paris, on the future Line 15, housing prices in the Nanterre-La Folie and Ruel-Surennes-Mont Valerian districts have risen three times faster than other areas of the city – more than 40% from 2016 to 2021, according to real estate appraisal site, an average of 14 % compared to

In Bondi, east of the capital, which will also benefit from 15 lines in 2030, the impact is just as spectacular. Property prices have risen 28% over the past five years, compared to 1.3% for the rest of the municipality over the same period.

It’s hardly…

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