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Tourism up in Nice yet again, and despite their grumbling about the growth in AirBnb bookings it is hotels that are one of the main beneficiaries. Hotel revenues are up 20% on last year, with July having 85% occupancy compared to 81% last year. June has 75% occupancy, a record in recent years, and August and September are also shaping up to give hotels a bumper year. It does undermine any arguments they may have against the burgeoning AirBnb business.
One travel booking site reports that Japanese tourists are up 40% this year, Americans up 28% and South Americans 24%.
Tourisme sur la Côte d'Azur: "bon début de saison estivale"
nicematin.com
Sur la Côte d’Azur, l’été a très bien débuté pour les professionnels du tourisme.La fréquentation touristique est en hausse, une bonne nouvelle pour le comité régional du tourisme Côte d...
Update on Taxe Habitation. As we know, Mr Macron has pledged to remove this tax. The first phase is a gradual reduction over the next 3 years. This year by €3bn, then €6bn, and in 2020 by €10bn.
By 2020, it was announced that over 80% of people will no longer pay this tax. In the Alpes-Maritimes, it has just been revealed that it will only be 75%, far below the national average. You can be sure that holiday homes will be one of the last to go. So despite the headlines, you can expect the bill to arrive for a few more years yet.
On sait combien de foyers seront exonérés de la taxe d'habitation dans les Alpes-Maritimes
nicematin.com
Promesse de campagne d'Emmanuel Macron, la réforme de la taxe d'habitation représentera un coût de 3 milliards d'euros l'an prochain, puis 6,6 milliards d'euros, et 10,1 milliards en 2020.Sur les 4...
The city in France it takes the longest to sell a property is... Nice. It takes an average of 84 days, compared to 41-42 days in Paris and Lyon.
Of course there is always a story behind the statistics. What is skewing the number of days? There are a number of factors. Bear in mind the way this is measured is taking the dates from when an advert was put up to when it was taken down, and they assume when they took it down that implies a sale.
If we start with low-end property in the prime areas, it's currently a seller's market with very little stock. Sellers have cottoned onto this and are asking for a premium and are happy to sit on it until they get near their inflated price. This is now both private individuals as well as property developers. This is compounded by the fact there are very few exclusivities so one property may have half a dozen or more agencies advertising it. This multiplier is quite a significant factor.
It's a similar story at the top end. A number of properties on the Promenade are over-priced and the sellers are quite happy to leave them empty for a year or two, though this is statistically a small number.
Well priced properties in either of these categories sell very quickly.
The market is softer in the mid-range. Here the average sale time sounds about right. On the supply side, people are not pressed. Those that live in Nice generally are not keen to leave. When looking to upgrade within the same city there is not the same pressure to sell.
I suspect on the demand side, though I only have anecdotal evidence to this, that rather than people upgrading to a larger apartment they are holding on and using the extra equity to invest in a small rental apartment. Perhaps owning a small property empire has become more of a status symbol than owning a very large apartment? We do not seem to have dinner parties as much as we used to.
I cannot comment on the factors in the outskirts of Nice, this is outside my domain of expertise.
As they say down here, "Tout se vend à Nice". The only thing holding back your sale is the price.
À Nice, les délais pour vendre son bien immobilier sont les plus longs de France
nicematin.com
Selon une étude publiée par le site spécialisé en immobilier Meilleurs Agents.com la capitale azuréenne est, parmi les 10 plus grandes villes de France, celle où les délais sont les plus longs ...
Stepping off the plane and walking into the airport does give some sort of first impression. Recently we posted about the Mirazur up the road being ranked the 3rd best restaurant in the world.The 2* Michelin chef Mauro Colagreco is now opening a restaurant in Nice's airport Terminal 2. Called "Le Bar Restaurant Estivale", it's in the public area so everybody and not just travellers can enjoy it. Expect fresh and locally sourced ingredients. As an added bonus, they throw in 2 hours of free airport parking for diners.
Mauro Colagreco, le chef étoilé du Mirazur, a ouvert son nouveau restaurant à l'aéroport de Nice
nicematin.com
Le chef du restaurant deux étoiles au Guide Michelin a imaginé ce nouvel établissement en partenariat avec le groupe SSP et l'Aéroport Nice Côte d'Azur."SSP et le Chef ont transposé les codes du...
Heading home late? The French bus/tram service has teamed up with Uber! Many bus lines that connect with the current tram line finish service at 8pm. If you are travelling between 8pm and 2.30am there is now a fixed Uber fee of €6.
The bus lines you can take advantage of this are: 6, 14 (Mont Boron), 25, 63, 64, 71, 72, 75, 76, 80, 81, 84, 88 and 90. The pick-up and drop-off point either end must be within 10m of a tram or bus stop.
3 questions pour tout comprendre au partenariat entre Lignes d'Azur et la plateforme de VTC Uber
nicematin.com
Qu'en est-il des taxis?Plusieurs représentants des artisans-taxis, soutenus par le député des Alpes-Maritimes Eric Ciotti, ont manifesté en début de matinée, ce jeudi, avant d'être reçus en ma...
We know Nice is France's 2nd destination by plane, but what about by train? Statistics from the largest train ticket seller show that 25% of trips booked this summer from Paris are by tourists, and the primary destination is Avignon thanks to a 102% increase since last year. In second place is Nice, with a 37% increase over last year.
Nice, 2e destination française la plus prisée des touristes internationaux pour l’été 2018
nicematin.com
They love NiceAu départ de Paris, les touristes étrangers représentent 25% des réservations de billets effectuées via Trainline, le leader européen indépendant de la vente de billets de train e...
So now Line 2 of the tram has launched, they have already started on Line 3! This will head from the airport directly north. The first section will open in a couple of years, including the new football stadium, but the full line all the way up to the out-of-town commercial centre (including the new Ikea) at Lingostière will be completed in 2030.
À Saint-Isidore, la ligne 3 du tramway de Nice prépare déjà son arrivée
nicematin.com
Des pelleteuses, des morceaux de goudron et des monticules de terre. À la place du parking et d’une partie de la voie de circulation du début de l’avenue Angélique-Braquet, à Saint-Isidore, un...
Nice has the second highest rental prices in France, second only to Paris. For example, a studio in Paris costs on average €779/month, in Nice €495/month, followed by Lyon (€460/month) and Bordeaux (€453/month). For a 60m² apartment, in Paris it would be an average of €1,100/month and in Nice €948/month. With the price/m² in Paris topping €9,000 compared to just over €4,000 in Nice, it seems clear where the better investment is.
Nice deuxième ville de France où les loyers sont les plus chers
nicematin.com
Le classement pour le 1er trimestre 2018 de l’Observatoire statistique des locations (Oslo), publié ce mercredi par la Fédération nationale de l’immobilier (Fnaim) réserve quelques surprises.P...
With Nice airport increasing in traffic year upon year, a million extra people this year, the expansion is going ahead to boost capacity up to 18 million travelers a year. The local paper has an image of what this is expected to look like...
À quoi va ressembler le terminal 2 de l'aéroport de Nice, dont l'extension vient d'être confirmée
nicematin.com
Celle-ci permettra d’augmenter le nombre de portes d’embarquement et de "traiter de façon totalement mixte et modulaire, les passagers Schengen et non-Schengen."Autrement dit, "il n’y aura pas ...
The first section of the new Nice tram line launches tomorrow, between by the airport (though not the Terminals themselves yet) and Magnan, and here are some of the details:
* the tram will be free the whole summer, then go back to €1 per journey (€1.50 if buying a single)
* trams will run every 18 minutes, this will be reduced to every 6 minutes by the end of the year
* the first couple of months it will run 7am until 9pm, but once the whole line is completed it will run normal tram hours of 5am to 1am
A very exciting next step in this big evolution of Nice!
nicematin.com
Un week-end de fête est programmé dans les quartiers ouest de Nice, où les rames vont circuler.>> LIRE AUSSI. Inauguration du tram: attention, la circulation est perturbée dès mercredi à NiceVoi...
Phillip Temple - Real Estate in NiceThe bus service will stay the same for now, but once the whole line is completed next year this is going to be a big boost. The 98 bus is €6 and goes to the airport 5am - 9pm. With the tram running until 1am, it will make those late night flights more accessible.
2 months ago · 1
The 2018 list "The World's 50 Best Restaurants" has been released, and number 3 is the "Mirazur" just up the road in Menton! Prices range from €80-210 for 4-11 courses.
Surprisingly, it's not even one of the nearly two dozen Michelin star restaurants in and around the Nice area.
1-50 The Worlds 50 Best Restaurants
theworlds50best.com
Phillip Temple - Real Estate in NiceI should point out that the number 1 pizza in France, published by L'Express, is in Nice: www.nicematin.com/vie-locale/les-ingredients-du-succes-de-la-meilleure-pizza-napolitaine-de-franc...
2 months ago After the most expensive house and yacht, the local paper has a nice video of possibly the most expensive apartment for sale. A penthouse next door in Monaco, it is for sale at €300m. It is the top four floors, is 2,000m² with 1,500m² of terraces, has both indoor and outdoor swimming pools, gym, home cinema, sauna and steam rooms, four kitchens, and plenty of bedrooms and bathrooms. If you know anybody that may be interesting in buying, please put them in contact with me...
nicematin.com
C'est un produit unique. Un lieu de prestige comme on en a rarement conçu.3.500m² dont 1.500m² d'extérieurs, sur un territoire où l'espace est une denrée rarissime, c'est une folie. Une exceptio...
4 in 10 French people would like to buy a holiday home, a recent survey has found. Around 13% already own one, with 3/4 having bought and 1/4 inheriting. 40% of the holiday homes are on the sea front, 26% in the countryside and 17% in a city. Presumably Nice counts in both first and last categories.
More young people are looking to buy, 55% of 25-34 year olds versus 20% of 65+ year olds. Of course this is partly because many older residents already have one, 19%, as opposed to 7% of 25-34 year olds.
Where are buyers looking to buy now? 60% of the buyers are looking toward the coast. This means a strong domestic demand which keeps pressure on prices for owners, but more competition for foreign buyers looking for their dream home here.
After the most expensive house in the world, how about the most expensive yacht in the world? Currently at Juan-les-Pins, but often seen at Nice, the Eclipse is the world's second largest private yacht at 162.5m long and cost €900m. It has 24 bedrooms, two swimming pools, a cinema, nightclub, and an indoor garden. For getting on and off, it does not just have the usual motor launches, it also has two helicopter pads and a submarine that can be launched from underneath the boat.
And if you are not a friend of Mr Abramovich? You can rent it for €175,000 per night. It may sound a lot but it has 78 staff and costs €60m per year to maintain. Or you can just take a look at the handful of photos in today's local paper below.
nicematin.com
4. Un habitué de la Côte d'AzurLe yacht a l'habitude de devenir un refuge pour les célébrités du monde entier tous les ans au festival de Cannes. Il s'est déjà installé à Golfe-Juan et dans l...
The local paper is reporting that "Les Cèdres" is now for sale on Cap Ferrat, though it's a little late as it went on sale late last year. The sale price is still €350 million and is billed as "the most expensive house in the world". Initially reports were that it would go on for €1bn but this proved to be untrue. It will not be the most expensive sale, that went to the "Villa Léopolda" 10 years ago in 2008 which went for €500m. The sale failed to complete and the Russian buyer lost his €35m deposit, which the Monaco-based owner donated to charity.
Please get in contact if interested, sensible offers only please. Below is a link to a Forbes article from last October which shows some shots of the interior and exterior of the mansion.
Look Inside the Most Expensive House on Earth
bloomberg.com
An exclusive tour of Villa Les Cèdres, an 187-year-old mansion along the coast of Saint-Jean-Cap-Ferrat.
Phillip Temple - Real Estate in Nice added 2 new photos.
The new Place St Francois is now finished. Try looking at the new square for a minute and then remember how the old one used to look... That's how natural it feels.
The Mayor has unveiled the first work of art along the new tram line being finished, one of many that will be dotted along the line, and it's a giant 5.76 metre tall ice cream! What else for a beach-front tram line.
La première oeuvre sur le parcours de la ligne 2 du tram a été inaugurée
nicematin.com
Hier, c’est près de la station Ferber que la première réalisation a été présentée: Fruitée. Du nom de ce cornet de glace multicolore, haut de 5,76 mètres, "réalisé à partir de moules en ...
The phenomenon of home swapping continues to grow in France, with now over 100,000 French people registered on home swapping sites
The French Riviera is the 5th most popular spot in France to go stay. Leading the Cote d'Azur is Nice, with 1,900 homes available and 7,100 evenings spent in them last year. Also popular were Menton and Cannes, the latter attracting mostly American and Brazilian guests.
nicematin.com
Vivre comme un local dans le confort d'une maison et en faisant des économies, c'est l'une des pratiques les plus prisées du moment par les Français pour leurs vacances.Cette tendance a augmenté d...
From 2025, Nice will ONLY be running electric buses. Of course this is good from an environmental viewpoint, but it also eliminates a significant contributor to sound pollution.
Couple this with the new East-West tram line eliminating numerous bus routes, and a lot of previously 'noisy' apartments start to look a lot more attractive. Of course seven years sounds like a long time, but Nice tends to get things done sooner rather than later. We will be keeping an eye on this and see how quickly it develops.
D'ici à 2025, il n'y aura plus que des bus électriques sur le réseau Lignes d'Azur
nicematin.com
Au cours de la présentation de la modernisation du réseau, ce lundi en mairie, Christian Estrosi, président de la Métropole, a annoncé le passage progressif à l'électrique.Première échéance:...
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