These cities where real estate prices explode with the arrival of Grand Paris – real estate prices

About ten municipalities, among those that will benefit from the new metro lines, are showing prices up by more than 10% over one year.

(BFM Immo) – The 200 kilometers or so of the new automatic Grand Paris Express metro lines are reshuffling the real estate price charts in Ile-de-France. It is all the more clear that the opening of the first stations approaches, whereas the deployment of the network of 68 new stations will extend from 2020 until after 2030. As every year, the network of real estate agencies Guy Hoquet takes stock of the cities that benefit the most from it… and those that are not taking off (see the entire list at the end of the article).

Quite logically, Greater Paris boosts the municipalities of the inner suburbs which are often already postponement markets for Parisian households who wish to acquire property. Their attractiveness is thus reinforced over the long term. In this category, Issy-les-Moulineaux breaks all records with prices increasing by 19% over one year (between the first half of 2017 and the first half of 2018) to 8,621 euros per m2 on average. The town should take advantage of the arrival by 2024 of line 15 south, which will link Pont de Sèvres station to that of Noisy – Champs. North of the capital, it is Saint-Ouen which is holding the rope at the moment with the extension of line 14. The city of Seine-Saint-Denis thus posts prices up 18% over one year for one meter square which now trades on average at 5,321 euros. The opening of the line on this section, postponed several times, is set for 2020.

Among the other towns in the inner suburbs which are in the spotlight the most, we find Les Lilas (+ 12% to 5,718 euros per m2), Aubervilliers (+ 11% to 3,175 euros), Montrouge (+ 11% to 6,758 euros) and Saint- Denis (+ 7% to € 3,410 per meter). “These cities in direct proximity to Paris are perfect transfer markets for households wishing to acquire real estate large enough to accommodate their families, while having too limited a budget for the capital. expect, in the future, to see the prices of these cities increase, “said Fabrice Abraham, general manager of the Guy Hoquet network, in a press release. In general, the advent of Greater Paris should gradually reduce the price differences between its municipalities and the part closest to the district to which they border.

Outsiders who are waking up

A little further on the outskirts, some outsiders are waking up. Among the cities that will host the Grand Paris stations, Clamart is thus making the most rapid progress in the region. The square meter has soared by 20% in just twelve months and now reaches 5,949 euros on average! Here again, the city will benefit from the establishment of line 15 south. Another town that is taking off: Nanterre. The city of Hauts-de-Seine recorded an increase in prices of 17% to € 4,671 per m2 on average. It should see the arrival of line 15 West which will connect Pont de Sèvres to Saint-Denis Pleyel. Nanterre should also accommodate part of the future line 18, which will link Versailles to Saint-Denis-Pleyel, but this site will not come out of the ground before 2030.

Athis Mons is also one of the municipalities that are taking off. A stone’s throw from the airport, the city will benefit from the direct connection of Orly with Versailles (via line 18) and with the capital via the southern extension of line 14. In Athis Mons, prices have jumped by 15 % over one year at 2,874 euros. We can also mention Drancy, with prices still moderate (2,967 euros per meter) but taking off (+ 17%). The city is located on the route of the future line 15 East connecting to the north of the capital Saint-Denis Pleyel and Champigny to the east.

These towns where prices are falling

Conversely, other municipalities have been gloomy in recent months. “Four cities are not or no longer benefiting from this effect and have even started to decline: Chaville, Rueil Malmaison, Viry Chatillon and Bagneux”, notes Guy Hoquet. In Bagneux (future line 15 south), prices are down 3% over one year. In Rueil-Malmaison (future line 15 west), prices plunge by 10%. “This observation can be explained in two ways: in the case of Rueil Malmaison and Chaville, it is a market regulation effect, logical since these two cities had strongly increased at first. They are therefore undergoing a rebalancing. For Bagneux and Viry Chatillon, we can wonder about the attractiveness potential of these cities because they appear to be towns where it is less good to live and are therefore, mechanically, less in demand, “says Fabrice Abraham.

Finally, another group of cities has not seen any particular increase or decrease for the moment. This is the case, for example, with Villejuif (+ 1% over one year) and Cachan (+ 1%) but, according to the real estate network, they are among the most promising cities for investors, in particular Villejuif, which will be at the crossroads of lines 14 and 15 south of the capital. One thing is certain: the geography of Parisian prices has not finished changing but it will become more refined as new stations open or any construction delays occur.

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