Real estate in Paris is being renewed with solar panels
Green real estate sparks the interest of many actors in urban planning and real estate in Paris. Protagonists such as developers, start-ups and associations, have a strong interest in Parisian real estate as they see its renewal as a strong opportunity.
In 2018, Bouygues Immobilier signed the ‘Objectif 100 hectares’ charter with the ‘Ville de Paris’ (City of Paris) and became a partner for a greener city. This is a way for this property developer to encourage the purchase of apartments by offering services that combine ecological and innovative solutions. The neighbourhoods are completely redesigned, mixing ‘raw’ facades, green roofs and green spaces.
By contributing to the evolution of real estate in Paris, important developers attract a new population of buyers who had previously rejected the idea of investing in the capital for more green provinces.
Could Paris be the new ‘Garden of Eden’? Walls of vegetation, green spaces and eco-friendly neighbourhoods are gradually appearing in the Paris real estate. Major construction work has begun on the site of the former hospital of the ‘AP-HP’ (‘Public Assistance-Hospitals of Paris’), ‘avenue Denfert Rochereau’. The project will build more than 600 ecological properties and a green space of 4000 square meters with an urban vegetable garden.
Dressed with climbing plants, the buildings blend in with a green decor and the bus stops are adorned with grass mats.
As an area of innovation and technology, green real estate offers unique services that compete with the classical heritage. Eco-friendly irrigation systems, the latest generation thermal insulation and solar panels are elements that are favorable when purchasing an apartment.