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Property market in Nice takes off in 2015

The local paper Nice Matin is reporting that the Nice property market has really begun to take off again after a lethargic 2014, as reported here (French). Prices dropped overall over 1.5% last year with a relatively low volume of transaction. The drops in certain quarters on the outskirts of the city hide the fact […]

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Estate agent prices capped

The new Loi Alur has capped the price of rental fees for estate agents. Until now the standard fee was one months rent as commission, ie renting out a €700/month apartment the estate agency would charge a one-off €700 commission for arranging the contract. Starting from the 15th September, the price is capped at €13/m². […]

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French mortgage rates at new low

The average interest rate for a mortgage is now 2.7%, from figures taken July 2014. Interest rates are now at their lowest rate since the 1940s. A good dossier can be offered a rate as low as 2.1%. It is also worth negotiating. The brokers “Meilleurtaux” say that a a bank offering 2.9% in the […]

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Purse strings loosen 2014

Twice as many people are now looking to buy property over €400,000, and the average age of the buyer is going up with the price. According to the bi-annual survey Enquete Habitat carried out, the buyer of a property in Nice has become more mature and more affluent. The number of buyers over 40 years […]

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Property prices in Nice 2013

Property prices had a mixed response in 2013, with the less desirable areas seeing a drop and the most desirable a modest increase in price. The overall stagnation in price, a slight dip of 0.9% in Nice overall, follows a very healthy 6% increase the year before in 2012. The largest increases were along the […]

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