As all over the map, the real estate market on the French Riviera is going badly. Since September, the housing sales are decreasing and, of course, that brings the prices’ drop.
The transaction have been reducing a lot since five months (30% less in Nice or Cannes!), and the trend has been becoming more marked since the beginning of the year. According to the estate agent Jérôme Renaud “The situation is serious. The market is really going to change radically.”. He admits that he’s very worried about the future.
The price already dropped by 6% on average in the department, and the most affected by this prices and activities’ collapse seems to be Nice.
Continue reading ‘The real estate market on the French riviera : the crisis!’
