Ligne à Grande Vitesse et marchés immobiliers résidentiels à Reims: entre attractivité, aménités et anticipations*

Sylvie Bazin, Christophe Beckerich and Marie Delaplace

Revue d'économie régionale et urbaine, 2012, vol. 2010, issue 02, 313-336

Abstract: Since the creation of the East European High Speed Rail Link (LGV) was announced in 2000, many observers have considered that housing price growth in Rheims could be directly attributed to the TGV (high-speed train) and to the possible influx of new households, and that these changes would inevitably become more pronounced. Drawing on the economic literature on property markets and the analysis of housing transactions in Rheims between 1999 and 2006, we show that this conclusion is not quite so clear cut. The TGV may appear to have been a contributory factor to price rises in a very localized way, and to have fueled property development but not due to any huge influx of new households. In fact, it results from the expectations of actors.

Date: 2012
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