Insider Info – Paris

With the news that Paris will host the Olympic Games in 2024, 100 years after France last staged the event, those with a keen eye on the property market have been paying close attention to the key sites.

Unlike the campus-style setting that we saw at London 2012, the Paris Olympics will see venues dispersed across the city and beyond.

So, while the historic heart of Paris will be a main focal point, a number of other areas will also be utilised for the event with all the investment that will bring.

Indeed, one of the main places set to benefit will be Seine-Saint-Denis, located just to the north-east of the city, where the Olympic Village and a new aquatic centre will be created.

Bringing new investment, jobs and housing to the area, this will be a transformative moment for this relatively low-income, small département, which  has suddenly found itself very much in the spotlight. What is more, the aim is for the Olympic Village to be transformed into residential housing after the Games are over, which could provide almost 3,500 new homes for Paris.

Other areas in the Greater Paris zone set to benefit include Le Bourget, which is slated for badminton, shooting and indoor volleyball; Colombes, set to host the hockey; and Nanterre, where the gymnastics are due to take place.

The aim is for the Olympic legacy to complement existing initiatives to bridge the social and physical gaps between central Paris and its suburbs, such as the Grand Paris project, as the city works towards a more inclusive future.

For more information and regular updates about the Olympics, visit the Paris 2024 website, www.paris2024.org/en

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