In recent years, the real estate market in France has achieved record sales, but what about the market in Nice? Nice is situated at the heart of a region of timeless beauty and offers its residents and tourists all its diversity: history, architecture, culture, art, creativity, events, shows, sports, leisure, nature, sweetness, flavors, and much more. Nice has the authentic charm of a Mediterranean city and offers a variety of activities and visits! But in real estate, how does the capital of the Côte d’Azur stand?
The real estate market in Nice in recent years has been aided by the growth of the tourism sector, but also by the construction of large infrastructures with agency fees. Furthermore, low borrowing rates, low returns on alternative investments, and the low cost of mortgages have certainly allowed savings to be passed on to bricks. A phenomenon that is especially felt in the attractiveness of certain neighborhoods in this city which, until recently, were on the fringes of the interests of those buying for investment.
Among these neighborhoods, there is certainly Californie, which, according to some real estate sector experts, will cause housing prices in this part of the city to explode, thanks to certain interventions on the road network and transportation means.
In fact, the area was until recently heavily congested with traffic, with unattractive shops and considered a peripheral area not very advisable at night. With the revolution of Line 2, which crosses it from the Magnan stop to the Phoenix Park, this neighborhood has become very interesting, notably due to its proximity to the beaches.
Similarly, on the other side of the city, the district of Saint-Jean-d’Angély, near the Riquier train station, renovated and set to become a fundamental transportation hub to Italy, within the university district, crossed by Line 1, near the large Saint-Roch market and the Bus Station.
Also, thanks to transport and significant real estate investments, the Plaine-du-Var district is also changing and is expected to become, with its large shopping centers, stadium, Ikea, and administrative headquarters, almost an independent district. It is connected by Line 3 to the city center and the airport, as well as to the railway hub.
The attention of investors in the city of Nice is focused on these three neighborhoods, whose transformation, in many aspects, is giving a significant boost to the real estate market. Naturally, the city center, with its prices and real estate market, still holds great interest. What can we expect in the future of this city’s real estate? Many factors indicate that its real estate market will remain particularly dynamic.
Nice has always been a multifaceted city, elegant yet popular, festive and lively, proud of its past of independence, and which today still surprises by its personality, dynamism, passion for the arts and culture, and fascinates by the beauty of its neighborhoods, unique brightness, and mild climate.
