Home stretch. From the end of June, Thiais, in Val-de-Marne, will welcome metro line 14, with the new Thiais-Orly station. The Ile-de-France commune, located south of the capital, will only betwenty-eight minutes from Paris – Saint-Lazare station. It should also benefit from the influence of another new station on this purple line, Chevilly-Larue. Located in the town of the same name, it is a few dozen meters from Thiais, near the Belle-Epine shopping center.
Enough to shake up the real estate market, especially for investors, and especially in the southwest of the city, around the two stations. “In recent years, many have flocked to new operations in Chevilly-Larue, close to the future station. Almost two thirds of the operations were carried out in Pinel [dispositif d’investissement locatif], therefore intended for investors, not for acquisitions of main residences. We have even seen Ultramarines investing specifically in anticipation of line 14”remember Guillaume Foret, co-manager of an agency L’Adresse in Thiais. He expects “ to the same enthusiasm in Thiais »where the real estate programs will be launched in a second phase.
To date, average prices in existing properties in Thiais are estimated by MeilleursAgents at 3,823 euros per square meter for apartments and 4,325 euros for houses. Declining values: “In two years, prices have fallen by 5%, which allows the market to be more fluid”confides Mr. Foret.
But near future stations, the trend is the opposite. According to data from theRegional Land Observatory in Ile-de-France published in March 2024, real estate prices in Chevilly-Larue, around the future station, are, for example, on average 28% higher than in the rest of the city.
The return on investment also looks promising. Between 2022 and 2027, the average gross yield could increase from 6.72% to 7.96% for rental investments near Chevilly-Larue station, according to estimates made at the end of 2022 by the rental investment platform Beanstock. And from 4.58% to 5.51% for those carried out around the Thiais-Orly station. “There is always a lag between the increase in prices, which begins as soon as metro projects are announced, and that in rents, which only begins once the line is put into operation”underlines, in a press release, Alexandre Fitussi, co-founder of Beanstock.
Temple of e-sport
These new transport infrastructures are pushing the city to transform. Near the Thiais-Orly station, a new district will be built over the next ten years in the former Sénia industrial sector. The 33.5 hectares of logistics zone will make way for new buildings such as the Digital Stage, the future temple of e-sport, with 25,000 square meters devoted to the practice of virtual sport. This arena, which can accommodate up to 2,500 spectators, promises to be the main attraction of this new part of the city.
You have 32.26% of this article left to read. The rest is reserved for subscribers.