The real estate market is suffering in every sense of the word: Land, construction, sales, rental, market fluidity, return on investment, rental prices, credit for first-time buyers, private and public markets… with the stagnation of the entire economic sector that comes with it, which is one of the most important sectors, especially for employment.
What can be done to get the train back on track? Better observe, analyze, and understand the rents of the private housing stock (40% managed by professionals and 60% directly by owners, which does not facilitate data collection) to refine local and national housing policies.
And if we think about the tensions in the Côte d’Azur real estate market, anything headed in the right direction will be more than useful.
Until now, the Alpes-Maritimes region did not have an observatory for rents of private housing. The State, the Nice Côte d’Azur Metropolis, the Sophia Antipolis Agglomeration Community, the Nice Côte d’Azur Chamber of Commerce and Industry, and the Departmental Housing Information Agency (ADIL 06) have wished to develop such a tool in the department. A partnership agreement has been signed to this effect.
Simultaneously, after the first measures taken in August 2012 to control rents of unfurnished rentals in thirty-eight French agglomerations, the government launched a call for applications for rent observation. The DDTM 06, the CASA, the Nice Côte d’Azur Metropolis, the CCI, and the ADIL 06 have chosen to respond. The Alpes-Maritimes territory, where the housing market is particularly tight, is thus one of the 18 pilot sites selected by the Ministry of Housing for the implementation of a private housing rent observatory.
The implementation of this observatory has been entrusted to the ADIL 06. The methodology established is shared by all partners, within the ANIL/ADIL network framework. The public/private partnership (real estate professionals and promoter federation) will allow sharing of analytical elements and offer the possibility of comparison between territories.
Once a year, a report will be produced and made public. An initial sampling is limited to the communes of Nice, Saint-Laurent, Villeneuve-Loubet, Cagnes, Biot, Valbonne, Vallauris, Antibes, Golfe-Juan.
Subsequently, it will be expanded to the territories of Cannes, Grasse, and Menton.
