Discovering Aubervilliers: A City on the Rise

Aubervilliers: A Developing City Worth Investing In

Over the next ten years, Aubervilliers is set to become fully connected to Paris through the extension of Metro Line 12 and the upcoming Line 15. This not only makes it an interesting place to invest but also provides evidence that the city will develop in the right direction.

Urban Development and Infrastructure

Aubervilliers is characterized by various zones for development and construction, as shown on the city's zoning map. These zones, indicated by red and orange colors, offer opportunities for building new properties and densifying the area. The presence of two metro stations, Aimé Césaire and Mairie d'Aubervilliers, in close proximity to these zones further highlights their potential for growth. Currently, the city is dominated by warehouses and low-rise buildings, but the local urban development plan encourages developers and promoters to replace them with new constructions, including residential and office buildings.

Another significant feature of Aubervilliers is the Canal Saint-Denis, which adds to the city's charm and potential. While the areas near the canal are currently labeled as industrial zones (violet and blue colors), there are possibilities for future development. The progression of the local urban development plan could lead to these areas becoming part of the city's expanding urban landscape and offer investment opportunities.

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The Fort d'Aubervilliers Zone

One specific area worth considering for investment is the Fort d'Aubervilliers zone. This zone is divided into three phases, with the first phase already underway. Several successful housing projects have been launched, and prices per square meter are attractively low. With the further development of the zone, including the construction of thousands of homes, offices, and commercial spaces, there are opportunities for long-term and short-term investments. However, investors should also consider the potential competition in both resale and rental markets due to the growing number of properties available in the area.

Transportation and Connectivity

Aubervilliers benefits from excellent connectivity to Paris and the surrounding areas. Metro Line 12, which passes through the city center, will soon be extended, while the future Line 15 will further enhance transportation options. These developments, alongside the existing canal and well-connected road networks, make Aubervilliers an easily accessible location. The completion of these transport projects will bring billions of euros in investments, adding to the overall development and growth potential of the city.

Planned Rent Controls

Aubervilliers has implemented rent control measures to ensure that rental prices remain reasonable. The current market rent prices in the city are similar to the controlled rent prices, preventing excessive rent hikes. This provides stability for both landlords and tenants, as well as a safety net against potential future price surges. Investors should consider this when planning their investment strategies, especially those looking to take advantage of the rental market.

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Changing Political Landscape

Recent municipal elections have brought changes to Aubervilliers' local government. The city, previously governed by Communists, is experiencing a political shift with a new administration. This change may introduce different policies and approaches to urban development, making it an intriguing time to observe the city's future trajectory.

Whether investing in the city center or the Fort d'Aubervilliers zone, Aubervilliers offers opportunities for a range of budgets and investment goals. With its strategic location, upcoming infrastructure development, and a keen focus on urban growth, Aubervilliers stands as a promising city for investment.

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