DECRYPTION – A new station is a factor accelerating the rise in real estate prices. But for lack of an urban renewal project, some municipalities can stagnate.
The construction of Grand Paris Express stations, which from 2025, will make life easier for millions of Ile-de-France residents, is already driving up the value of housing near future stations. “The arrival of a metro in a district that does not have one is a driver of price acceleration several years before it goes into service”, confirms Barbara Castillo, head of economic studies at Meilleursagents. To the west of Paris, on the future line 15, housing prices in the districts of Nanterre-la Folie and Rueil-Suresnes-Mont Valérien have risen three times faster than in the other areas of these cities – more than 40% from 2016 to 2021, compared to 14% on average according to the real estate valuation site Meilleursagents.com.
In Bondy, to the east of the capital, which will also benefit from line 15 in 2030, the effect is just as spectacular. Property prices have risen by 28% over the past five years, compared to 1.3% for the rest of the municipality over the same period.
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