Nice is one of the cities in France where the real estate market is in great shape. This is due to several factors such as the fact that it is a tourist town and a student town. If you aim to invest in real estate in Nice in 2025, it is important to consult the prospects in this area and know how to go about it.
Investing in old real estate to renovate in Nice
The rental real estate sector is booming in Nice. If you want to invest in this area, it is ideal to opt for old real estate. This type of property has lower costs, which allows you to make purchases more easily. In addition, old properties are located in tourist areas with a strong student presence. They are much less expensive than new construction, which attracts tenants with average budgets.
When you invest in old real estate, you may have to carry out certain renovation work. You can therefore make an Artisans appointment in Nice. The craftsmen will be responsible for carrying out various types of work such as changing the windows, renovating the electric heating, overhauling the bathroom, etc.
Investing in new real estate in Nice
Since 2023, the Nice real estate market has been very dynamic. New property prices are constantly increasing. Despite this, many investors still think about investing in new real estate in Nice. If new properties are so popular, it is because of their various advantages. Indeed, they are built taking into account modern standards. In addition, new technologies are integrated into the construction, which increases the comfort of residents.
Furthermore, the demand for modern housing is also strong in Nice. This allows the rental of your property for tourists and permanent residents. It is also possible to make a nice capital gain on the resale of this property.
What generally holds you back with new real estate is the cost. In Nice, you have to pay between €3,500 and €7,000 per square meter for an apartment. However, there are systems that will make it easier for you to purchase a new property, such as bridging credit.
You should know that in 2025, the prices of old and new real estate in Nice will continue to rise in 2025. Moreover, in 2024, costs have increased by 1.9%. In addition, the time it takes to sell a property is on average 97 days, which is much longer than in other large cities in France. To find out more about the subject, you can consult the site https://www.capital.fr/immobilier/prix-de-l-immobilier-a-nice-les-indices-al-achat-et-a- the-rental-of-the-month-1.
