Are you looking to invest in real estate in Nice? The southern sun and the azure blue sea have won you over, and you are tempted by the purchase of a charming house. But does the real estate market in this town have potential? Are there financial aids for buyers who hesitate to take the plunge and invest? The answers can be found in this article.
Mortgage simulation: a reliable tool for future buyers
Investing in real estate located in the Mediterranean basin is quite an accomplishment, but not everyone has the necessary funds to take action. Fortunately, it is possible to obtain a mortgage to finance this project. Don’t let the apartment of your dreams in Old Nice slip through your fingers, use a simulation tool! Banks provide future buyers with online resources so they can make their first purchase with peace of mind. On the Crédit Agricole’s e-immobilier site, conduct a personalized study of your project in just a few clicks. Provide the information requested by the online simulator, and you will quickly receive a response. This will indicate your mortgage rate, the amount of the monthly payments, or the amount of the zero-loan in case of eligibility for the State’s PTZ.
Financial aid reserved for first-time buyers
Nice is one of those cities that promote property ownership for households with the most modest incomes. First-time buyers are often young and do not yet have the means to set aside enough money to invest in property. This is why the housing loan in Nice, the PLAN, was created. It has thus become possible to own a home in this city of the French Riviera thanks to this 0.5% loan. The conditions are as follows: whether the purchase is made alone or as a couple, applicants must be first-time buyers. This means that none of them has been the owner of a property in the two years preceding the aid application. One must also be eligible for the zero-interest loan granted by the State, which, however, only finances new housing.
The dynamism of Nice’s neighborhoods, fertile grounds for investors
Becoming a homeowner in Nice is not complicated. It is true that it is a city that essentially thrives on tourism (particularly from June to early October). Foreign clients are fond of the luxury properties located on the French Riviera, but not only secondary residences are being purchased. Many families and active couples wish to invest in this dynamic city where life is good. In 2020, the average price per square meter of a house in Nice was around €4,800 and increases when it is located by the sea.
Some neighborhoods are obviously more sought after than others: the Promenade des Anglais or the districts of Carré d’Or and Musiciens are at the top of the list. Yet, other residential neighborhoods have potential and are starting to attract buyers: the Cimiez or Mont-Boron neighborhoods entice with their tranquility and the price per square meter, which is slightly below average.
Nice is a southern city that has everything to charm you, and choosing it for your real estate project is a great idea. Real estate professionals estimate that it is a safe investment and do not hesitate to assist their clients in finding their ideal property. This also involves obtaining suitable financial aid.
