Will the Grand Paris Express accelerate the price increase in Ile-de-France?
A study of Best Agents, revealed exclusively by Le Parisien, shows that the prices around the extension of line 14 to the north, between Saint-Lazare and Mairie de Saint-Ouen, which will be put into service on Monday, have already been greatly increased. increase prices.
Since 2014, the square meter (m2) has increased by an average of 46.7% around new stations, according to this study.
READ ALSO>
Real estate: should we bet on the extension of line 14?
In detail, prices around the Pont-Cardinet stations, already served by the Transilien L, and Porte-de-Clichy, served by the RER C, which will only open in January for line 14, have increased in five years of 38.5% and 45%!
In the 17th arrondissement, where they are both located, they only jumped "only" 29% over the same period.
In Seine-Saint-Denis, prices have increased by 19.2% since 2014. For the city of Saint-Ouen alone, m2 has risen 44.5% over the same period ... especially with the arrival of line 14 Proof of this is that when you get closer to the stations, the price increase is even greater: + 48% within a radius of 800 m around Saint-Ouen RER and + 55% in that of the Mairie de Saint station -Yes.
Towards an increase in rental prices?
For Thomas Lefebvre, Scientific Director at Meilleur sagents, these figures show an extension of the Paris postponement market.
“In Ile-de-France, these postponement markets start with public transport with a balance between transport time and quality of life, especially the surface area,” he explains.
The extension of the metro would therefore allow buyers to flee a little further to avoid expensive prices ... and therefore increase prices.
Jean-Christophe Reynaud, from the Guy Hoquet agency in Saint-Ouen, has also seen an increase in prices in recent years due to the arrival of line 14. But now expects a similar increase… on rents: “For tenants, line 14 until now was work and therefore nuisance, he explains.
So there has not really been any anticipation phenomenon and rents have not yet been pushed with line 14. "
Move away to offer yourself bigger
Best agents outlines the new prices around the extension of line 14. Pont-Cardinet is the most expensive station in the extension of the four new stations: the m2 is changed to 11,286 euros.
On all line 14, the Pyramides station (13,446 euros per m2) is the most expensive.
In Porte-de-Clichy, the m2 is displayed at 9,487 euros.
In Saint-Ouen RER and Mairie-de-Saint-Ouen, the m2 is 6757 euros and 6138 euros.
Best agents writes: “For 260,000 euros (borrowing capacity for a mortgage at 20 years with the median income of a representative Parisian household), it is therefore possible to acquire an apartment of 42 m2 at the terminus of the line , a surface area doubled compared to a property located in Pont-Cardinet (23 m2), while increasing its travel time by only five minutes. ”