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.).
Tag Archive for 'real estate on the French Riviera'
You’ll find following some prices about real estate on the French Riviera. I am dealing with average prices. You can find huge differences depending on the location of the property (close to the sea, downtown…). But if you are willing to invest in the French Riviera, that can give you some ideas of prices.
First of all, famous cities in the French Riviera like Villefranche sur mer or St Jean Cap Ferrat are much more expensive that others cities in the French Riviera. Real estate prices are around € 7000/m². But real estate prices had been decreasing during the whole last year. Now, they’ve been increasing but at a slow rate. The growth is much more sustained in Cannes where real estate prices are around € 5000/m². Nice is less expensive with € 4300/m².
Moreover some less famous cities in the French Riviera take advantage of their very good location : closed to bigger cities with calm and less tourists. Indeed, if you want to invest in the French Riviera, you have to know that real estate prices are high in Villeneuve Loubet (€ 5300/m²) or in Cap d’Ail (€ 6500/m²). Villeneuve Loubet is perfectly located between Cannes and Nice; Cap d’Ail is the closest city to Monaco.
As far as I am concerned, I recommend to have a look to the countryside. It appears to me as a good place to invest in the French Riviera. Cities like Opio, Roquefort les Pins are really beautiful and you can find wonderful properties as a good price ! Indeed, since the middle of 2007, real estate prices have been decreasing. I think there are some good opportunities to find there.
