Property for sale in Montrouge

As of 2023, the average property prices in Montrouge, a suburb located just south of Paris, hover around €5,500 to €6,000 per square meter for apartments. In specific areas, such as near the town center, prices can climb to approximately €7,000 per square meter. For example, a two-bedroom apartment of around 70 square meters might cost between €385,000 and €490,000 depending on its exact location and amenities. Single-family homes, while less common in the densely populated area, tend to be priced higher, averaging around €7,000 to €8,000 per square meter. The demand remains strong due to its proximity to Paris and the excellent transport links, influencing ongoing price trends in the property market.

Over the past five years, real estate prices in Montrouge, a suburban area just south of Paris, have experienced significant growth. In 2018, the average price per square meter for apartments hovered around €4,200. By mid-2023, this figure had surged to approximately €5,600 per square meter, marking an increase of nearly 33%. One notable development during this period includes the construction of new residential complexes attracting buyers seeking modern amenities and proximity to the capital. For example, a two-bedroom apartment that was priced around €400,000 in 2018 is now listed for about €530,000. This trend is driven in part by increased demand for housing as the area continues to benefit from improved public transport links to Paris, making it an attractive option for commuters.

Real estate prices in Montrouge, a suburb just south of Paris, are influenced by several key factors. Firstly, proximity to central Paris plays a significant role; properties within a 5-kilometer radius of the city center tend to be priced higher due to ease of access to business districts. For instance, the average price per square meter in Montrouge hovers around €5,500, whereas properties in neighboring areas, like Bagneux, might only reach about €3,800. Additionally, the quality and availability of public transportation significantly impact prices; the presence of Metro Line 4 and several bus lines enhances connectivity, which is attractive to commuters. Local amenities such as schools, parks, and shopping districts, greatly affect demand; for example, access to quality primary schools can elevate property values by as much as 10%. Lastly, economic factors such as employment rates and local development projects also play a crucial role; significant investments, such as the ongoing Grand Paris Express project, are projected to further increase property values in the coming years.

In Montrouge, neighborhoods such as the area around Rue de la République and Rue Jean Jaurès typically showcase higher property values, with prices averaging around €4,500 to €5,800 per square meter. This is largely due to their proximity to key amenities and public transport, including the Montrouge metro station. In recent years, properties in these areas have seen appreciation rates of about 3% to 5% annually. On the other hand, neighborhoods further from the city center, like those near the Parc des Coteaux, have lower average prices, sometimes falling to about €3,500 per square meter. Additionally, the newly developed zones around the town center have attracted attention, where modern apartments can reach prices as high as €6,000 per square meter, reflecting the increasing desirability of the locale.

Property prices in Montrouge tend to be slightly lower than in some of the more affluent neighborhoods of Paris, yet still remain relatively high compared to its neighboring suburbs. As of late 2023, the average price per square meter in Montrouge is around €4,600, while areas like Clamart and Châtillon, located nearby, see average prices closer to €4,200 and €4,000 per square meter, respectively. In contrast, the prices in neighboring areas such as vanves can reach up to €5,000 per square meter, indicating a premium due to their proximity to the capital. Additionally, the city’s continued development and accessibility to public transport, including the extension of the metro line 4, can influence future fluctuations in property values. For example, while the average apartment price in Montrouge hovers around €380,000 for a standard two-bedroom, similar properties in the more central districts of Paris can easily exceed €600,000.

As of late 2023, the price per square meter for homes in Montrouge, a suburb located just south of Paris, varies significantly depending on the neighborhood and type of property. On average, prices are around €4,500 to €6,000 per square meter. In certain prime areas, such as close to the town center or near parks, prices can soar to €7,000 or more per square meter. For instance, a typical two-bedroom apartment of about 60 square meters might cost between €270,000 and €420,000, while larger family homes with more amenities can exceed €800,000 for around 120 square meters. Smaller, older buildings may be available for less, sometimes in the €3,500 per square meter range, especially if they require renovations. This consistent demand and proximity to Paris continue to influence property values in the region.

Montrouge, located just south of Paris, is poised for a few key developments that may influence its real estate market. The construction of the new Line 15 of the Grand Paris Express, with expected completion in 2025, will introduce a new station in Montrouge, potentially increasing property values by approximately 10-15% in the surrounding areas due to improved accessibility. Additionally, the local government has invested around €20 million in urban renewal projects aimed at enhancing public spaces and amenities, which could elevate living standards and attract more residents. Already, property prices in Montrouge have seen a growth of about 5% over the last year, averaging around €4,300 per square meter. As the population is projected to grow by about 2,000 residents annually in the next few years, demand for housing could rise significantly, further impacting market dynamics.