According to the French newspaper Nice Matin, it is a good time to invest in the real estate on the French Riviera (you can read the article here).A strange advice considering the current situation! Nice Matin invokes four “good” reasons to justify its comments. First of all, the prices’ fall: 10% on average, according to the newspaper. Secondly, the better accessibility to the mortgage; indeed, Nice Matin denies the fact that the bank don’t lend any more. Furthermore, the rate would have lowered, going down from 5,40% to 4,60%. Thirdly, significant fiscal advantages: the newspaper invokes a grant that is paid by the council of the Alpes-Maritimes, and that can reach 4000 euros if the price of the housing doesn’t exceed 150000. Combined with the zero interest loan and the deductibility of the loan interests, it’s, for the French newspaper, “extremely incentive”. And lastly, to encourage you investing in the real estate on the French Riviera, Nice Matin mentions the grant for the housing improvement (if you want to make isolation works, for example.).
Is Nice Matin really objective in this article? Is it a good time to invest in the real estate on the French Riviera? Simply read the 17 comments to make you change your mind!
“Certainly not! The prices fall only begins!”
“The publication of this article to please the real estate lobbies is unacceptable!”.
“This article is a shame! It recommends to buy at the worst moment!”
It’s reassuring to notice that the readers have not lost their critical sense! And you, do you still think it’s an auspicious time to invest in the real estate on the French Riviera?
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