REGIONAL AREA DEVELOPMENT
As a nation at the forefront of innovation and connectivity, France's investment in high-speed rail infrastructure has not only revolutionized transportation but has also become a powerful catalyst for regional area development.
HOW TO PROMOTE THE REGIONAL AREA DEVELOPMENT?
​Attracting Investments
Areas with high-speed rail become appealing places to invest. The better connections show a dedication to modern infrastructure and smooth transportation, which is attractive to businesses looking for strategic locations. Investors are more interested in places that provide fast and reliable access to larger markets.
Paris Region stands out globally in various rankings for its appeal, foreign investments, talented workforce, real estate, and connectivity. It holds the position of the second most attractive global city for international investments, making it a top choice for business leaders.
France's attractiveness for the extraordinary inflow of foreign direct investment is greatly boosted by its efficient railway network, allowing businesses to seize the opportunity to reach 513 million European consumers, 12.3 million residents, approximately 50 million tourists, and 8 million visitors.
REAL ESTATE DEVELOPMENT
The development of rail transport and high-speed rail has significantly altered the landscape of neighborhoods. High-speed rail stations emphasize connectivity and typically ignite real estate growth in nearby areas. The rising demand for properties in locations with easy access to high-speed rail services often leads to the development of both commercial and residential projects. It's akin to a chain reaction that enhances the popularity and liveliness of regional areas around train stations.
These stations have transformed into busy transportation centers, effortlessly linking different areas and attracting businesses, commuters, and residents. The appeal of fast and efficient travel makes properties near these stations highly sought after, providing unmatched access to extensive transportation networks.
For businesses, the strategic value of high-speed rail stations as commercial hotspots becomes apparent, attracting companies looking to benefit from the increased number of commuters and visitors. This often results in the development of commercial properties, such as offices, shops, and meeting venues strategically placed to take advantage of the business opportunities brought by the higher number of people passing through.
As a consequence, property values in these regions experience an upswing, with homeowners and property developers willing to invest in upgrading existing properties or constructing new, higher-end developments, further shaping the dynamic real estate market around high-speed rail stations.
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"Research found that average property values in the 10th arrondissement in Paris increased by 2.18 percent, compared to a 4 percent increase in all of Paris the year that the Gare de l’Est station was redeveloped for HSR."