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“The most expensive city after ”: property prices are falling in but continue to increase in

The future owners of lost a room in two years. According to a study by Seloger, a household made up of two people could buy 45m² in January 2022 compared to barely 35m² today. “The real estate purchasing power of the people of Nice has fallen significantly. It is calculated based on the price of real estate, the borrowing interest rate and the median income”explains Imane Selmane, economic studies manager at Meilleurs agents – Seloger.

But this observation hides another reality of the study. Nice real estate is attractive. The price increases by 1% in one year and reaches 5,207 euros/m², despite a downward trend in the market at national level. “Demand supports these price increases with an increase of almost 4% in the number of potential buyers compared to the previous year. Those who buy are less constrained by credits and rates. They are second-time buyers and first-time buyers. buyers from elsewheredevelops Imane Selmane. Among the ten largest French cities, Nice is the second most expensive city, positioning itself behind and ahead of .

8,057 euros/m² at Mont Boron, 1,916 euros/m² at L’Ariane

Prices are of course different from one sector to another. Mont Boron takes the lead with 8,057 euros/m², followed by rue de (6,853 euros/m²), avenue Jean-Médecin (6,317 euros/m²) and the old town (6,236 euros/m²). In seventeen sectors (1)the price per square meter is between 5,000 and 6,000 euros. In twelve (2)it reaches 4,000 to 5,000 euros. The most affordable prices are in Saint-Augustin (3,862 euros/m²), L’Arénas (3,710 euros/m²), Pasteur (3,605 euros/m²), Roquebillière (2,924 euros/m²) and finally L’Ariane (1,916 euros/m²).

1. Carabacel, Caucade, Cimiez, Crémat – Saint-Roman, Fabron, Gairaut, Gambetta, , Les Baumettes, Pessicart – Saint-Pancrace, Rimiez, Saint-Antoine-Ginestière, Saint-Isidore – Lingostière, Sainte-Marguerite, Saint-Philippe, Thiers, Vinaigrier.

2. Le Piol, Le Ray, Libération, Madeleine, Mantega, Riquier, Saint-Maurice, Saint-Pierre-de-Féric, Saint-Roch, Saint-Sylvestre, Ventabrun, Vernier.

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