Given the fact that the financial crisis is spreading worldwide, many investors are wondering if it’s time to invest in the French real estate market. Indeed prices on the French real estate market had been highly increasing since 2002. The growth was exponential in many areas : + 110% in some districts in Paris for instance. Although prices are still high in Paris, the French real estate market begins to change drastically. Indeed, in many regions, prices are falling. That’s why many investors are wondering what to do about French real estate market. Is that a good time to invest in the French real estate market ?
The answer is YES but WAIT ! As a property finder on the French Riviera, my job is to advise my clients to choose the right property at the right price. Given the fact that it’s just the beginning of the downward trend on the French real estate market, it’s better to wait until the end of the year. Anyway, some cities are already good opportunities to invest in. Marseille or Nice for instance are suffering from this downward trend on the French real estate market.
On the reverse, Monaco Antibes or Saint Jean Cap Ferrat are safe from the international crisis.
As a property finder on the French Riviera, I am used to see amazing properties. My job is to find the property of my clients’ dreams. Anyway, when I visit an outstanding property on the French Riviera, I don’t resist to describe it on my blog ! If you plan to invest in French Riviera real estate or if you just love French Riviera, you’ll appreciate this post. Why is this property in Nice outstanding ?
1- LOCATION
The outstanding property in Nice I speak about is closed to the Palais Maeterlinck. Do you know the Palais Maeterlinck ? It was a luxury hotel in Nice. The hotel closed at the end of February 2008. The hotel will be changed in flats.
Why was Palais Maeterlinck so famous ? Because of its situation on the French Riviera! The hotel is situated in a wonderful area, one of the most beautiful coastlines of the French Riviera. Indeed, the hotel is situated between St Jean Cap Ferrat and Nice city center on a road that we call “la basse corniche”. This road leds you from Nice to Monaco, throughout St Jean Cap Ferrat, Villefranche sur mer, Eze bords de mer, Beaulieu … It’s quite impossible to find properties on this area. First, the owners of these properties on the French Riviera don’t want to sell them. Opportunities for real estate are rare. Secondly, the properties are located on the seashore of the French Riviera. Nowadays, no construction is allowed on the French Riviera coastline
2- SURFACE
200m², terraces, gardens …and enough space to build a swimming pool ! Continue reading ‘An outstanding property in Nice on the French Riviera’
