According to the latest research, 14% of the capital’s residents have insufficient housing space relative to their family. If they have a transport solution, they can move further from the center to a larger area for the same money.
Such integrated transport projects change the face of the city. For example, the Parisian suburb of Pantin, which until recently was a working-class suburb with an unfavorable reputation, was completely transformed after one of the largest banks bought an industrial building of a flour mill and turned it into a stylish loft complex with luxurious apartments and offices on the bank of the Ourcq Canal near the Villette Park. At the same time, many restaurants and bars appeared on the canal embankments, and this place instantly became fashionable and bourgeois. Naturally, prices soared accordingly.
The integrated project involves a balanced, coordinated development of housing, offices, shops, services, as well as the presence of a park and playgrounds for children and dogs. Such neighborhoods, as microdistricts were planned in distant Soviet times, are now called eco-neighborhoods, and promise a quality life to future residents in advance. Long before the house is built, the future owner knows where to buy cakes for the children, where to drink coffee with friends, where to go to a restaurant, where to take the children to school and how long it will take to get to work and the airport.
One of such places that are expecting major qualitative changes will be the Clichy-Asnieres-Saint-Ouen cluster. These old working-class suburbs with a poor population are being transformed before our eyes, gradually becoming bourgeois. They are advantageously located near Paris, where a huge Palace of Justice was built on the border with Clichy, combining all legal services on one side, and not far from La Defense on the other. Therefore, investments in these towns, where there is still a price gap, and where with the arrival of new metro stations the road to the city will be sharply reduced and with the transformation of old factories into new residential areas with parks, shops and schools nearby, the quality of life will greatly increase, and with it the price of square meters. The Grand Paris Express project brings profit to investors.
