property
Montmartre Tram Extension Drives Up Property Values on Nearby Streets
The approved tram link from Pigalle to Rue Lepic has already pushed prices higher in adjacent blocks.
How we reported this
Property listings along Rue Lepic and Rue des Abbesses show average asking prices up 12 percent since the Paris transport authority confirmed funding for the new tram extension on 2 July. The 1.8-kilometre line will run from the existing Pigalle stop north to a new terminus at Place du Tertre, with construction scheduled to begin in early 2027.
The project forms part of the city’s 2026 mobility plan that seeks to cut car traffic in the 18th arrondissement by 18 percent before the 2030 Olympic review. Local estate agents report that buyers who had paused searches in spring are now making offers within days of viewings, particularly on streets that will gain direct tram access.
Changes along Rue Lepic and the Moulin de la Galette area
The tram route passes the historic Moulin de la Galette at 83 Rue Lepic and will add two stops within 200 metres of the Montmartre Museum on Rue Cortot. Estate records from the local notaire office show 14 apartments on these two streets exchanged hands in June at an average of 11,850 euros per square metre, compared with 10,600 euros per square metre for the same period last year. The nearby Lapin Agile cabaret at 22 Rue des Saules is also cited by agents as a landmark that now sits inside the catchment of the future tram service.
Price evidence and buyer outlook
City hall data released last week list 47 properties within 300 metres of the planned stops that have been taken off the market since the funding vote. The average time on market for those units fell from 47 days in May to 19 days in the first week of July. One three-room flat on Rue Caulaincourt sold on 5 July for 1.42 million euros, 9 percent above its April asking price.
Buyers should check the latest zoning maps at the 18th arrondissement mairie before making offers, because the final alignment of the tram platforms could affect ground-floor commercial space. Notaries recommend locking in financing now if a property sits on one of the three streets directly served by the new stops.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.