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The first minor hiccup with the tram works... a great big hole in the road. Fortunately nobody was injured when it happened. However the local authority are determined not to let this impact the launch. The 31st July to 15th August they are going to be working 24hrs a day 7/7 on fixing it. They have offered to rehouse anybody in the immediate area for free during the works, because of the noise and disruption.
Chantier du tram: du trou au relogement, retour sur trois semaines de flottement
nicematin.com
Mercredi 19 juilletDans les colonnes de Nice-Matin, le directeur du projet tramway de la Métropole, Laurent Carrère, fait le point sur le chantier.On apprend notamment que le tunnelier est bel et bi...
21 hours ago
These days, tourism can be boosted by being a recognisable TV destination. Not everywhere gets to be a set for Lord of the Rings or Game of Thrones, but it can manifest in more modest ways. Last year, the French Riviera featured as sets for 12 movies, 8 TV series, and 97 adverts. In total, 376 scenes were filmed here in 2016. The only British series filmed outside of the Sky series "Riviera" was "Made in Chelsea". But hey, you have to start somewhere.
Films, séries télé, sports de pub... La Côte d'Azur a accueilli 376 tournages en 2016
nicematin.com
Bien sûr, les décors naturels de rêve des Alpes-Maritimes et les facilités proposées par la Commission du Film sont pour beaucoup dans cet accueil toujours plus important de tournages.Mais, préc...
6 days ago
Mark Burgess, Heather Mackay and 1 other like this
It appears the big spenders are back, thanks to the election of Mr Macron. Properties are seeing a big upswing in the €10-20M range, with Cannes the main beneficiary. Top-end agents are citing renewed confidence in the government of France as well as a slump in top end prices being the driving factors. Removing the wealth tax won't hurt either (it is replaced with a similar tax but only takes into account real estate - not your other assets).
How Macron fever is driving super-rich buyers back to the French Riviera
telegraph.co.uk
London's temperatures may have given the Mediterranean a run for its money in recent weeks - but when it comes to where the high-spenders are…
2 weeks ago
Jocelyne Temple, Heather Mackay and 1 other like this
How much is Nice worth? That is, if you wanted to buy the whole city. Every house and apartment, and the shops. According to a study, €58.2bn. This makes it the 3rd most valuable city after Marseille and Paris, though dwarfed by the latter at €706.9bn.
The residential value comes in at €53.8bn for 225,332 properties. The rest comes to €3.3bn for all the shops and the Town Hall owns €1bn of property. The Negresco Hotel alone is valued at €53.4m. For those not in the market for buying a city, I can provide a wide range of more reasonably priced property.
Si Nice était à vendre, elle vaudrait 58,2 milliards d’euros
immobilier.lefigaro.fr
Avec son vieux centre, sa plage et sa promenade des Anglais mondialement connue, Nice ne manque pas d’atouts. Si des amoureux de la Côte d’Azur voulaient acheter la ville, il faudrait, selon des ...
2 weeks ago
Mark Burgess, Rhonda Ferraro Mackay and 3 others like this
Nice gets a high-profile boost in the Radio Times, thanks to the new Sky TV series "Riviera".
Visit the glitzy location of Sky drama Riviera
radiotimes.com
You could bump into rock royalty, oligarchs and Matisse - or just enjoy Nice's elegant old city
3 weeks ago
Mark Burgess and Heather Mackay like this
Phillip Temple - Real Estate in NiceAlso Nice got a write up in the newspaper The Sun just over a week ago. www.thesun.co.uk/travel/3873417/nice-france-good-food-beaches-shopping-south-of-france/
3 weeks ago · 1
The British are still the biggest buyers of property in France, accounting for 36% of all foreign purchasers. This is up 6.3% on the previous year.
After Brexit was announced, a survey found that 25% changed their mind about buying in France but 33% decided to speed up their plans to buy.
Around 57% of British buyers think that Brexit will have an effect on their purchase, and of those 75% are purchasing with a mortgage to protect themselves from any future fluctuations in pound sterling or in interest rates.
When asked the reason for buying in France, the lifestyle came in top on 66%, ahead of the climate on 59%. When the same survey was done for Spain the results were the other way around, 78% chose the climate ahead of 68% for the lifestyle.
Finally, the British tend to buy a pied-a-terre rather than a luxury home. The average purchase price is €256,463, compared to the average price overall of transactions of €308,000.
Immobilier : les Britanniques achètent en France malgré le Brexit
patrimoine.lesechos.fr
L'amour des Anglais pour la pierre française ne faiblit pas. En 2016, les Britanniques représentent encore 36 % des transactions réalisées en...
1 month ago
A number of people come to Nice to do an MBA in business or finance in Monaco. Now they don't need to look so far! The local Nice EDHEC business school has been ranked no.1 in the world by the Financial Times for doing a Masters in Finance.
Classement Financial Times: #1 Master en Finance dans le monde
edhec.edu
EDHEC, 1er Master en Finance dans le monde selon le Financial Times dans son classement publié ce jour. Ce résultat démontre l’excellence internationale de l’EDHEC en finance.
1 month ago
Nice has always been a tourist-friendly city, and unlike other cities has refused to bow to pressure from the hotel industry and crack down on AirBnb lettings. On the 30th June, the local authorities will vote on whether you need to register with the Town Hall that you are using your apartment for holiday rentals.
If they vote that you do, then you will be able to apply online and they will automatically send you an identification number. This will be used for two things. First, if you have the property declared as your primary residence that you are not letting it for more than 120 days per year. If it is a secondary residence, if you generate more than €23,000 per year then you will be asked to register earnings as a business interest (this is not necessarily a bad thing, but it is more work).
If you are already "playing by the rules" and declaring your income then this should not make any difference. As an additional check, starting 2018 the tax authorities can ask AirBnb to hand over the earnings for an apartment.
Vous louez en Airbnb à Nice? Vous devrez bientôt vous déclarer à la mairie
nicematin.com
Le décret n° 2017-678 du 28 avril 2017 ne vous dit peut-être rien. Il s’agit du "décret Airbnb": le texte permet de contraindre les loueurs Airbnb à se déclarer en mairie. Jusque-là seules l...
1 month ago
Mark Burgess likes this
Rising interest rates are not worrying French buyers. Despite rates creeping up and expected to rise for the next year, only 25% of current active buyers are thinking of speeding up their purchase to take advantage of historically low interest rates.
Cette remontée des taux qui n'effraie personne
lesechos.fr
« Dépêchez-vous avant la remontée des taux. » Ce leitmotiv, argument souvent agité par les banques, et les courtiers en crédit,...
2 months ago
With the new French President elected, and the party elections coming up, the Notaires are bringing back up their proposals they made in January for reforming the real estate sector. Their two key proposals are not charging Notaire fees for first-time buyers, and introducing a rental contract that is not so overly-protective of tenants. The full proposals can be seen here:
Présidentielles 2017 : les propositions du notariat
notaires.fr
Le notariat présente ses propositions pour les élections présidentielles 2017.
2 months ago
Rhonda Ferraro Mackay and Heather Mackay like this
We have mentioned the massive public infrastructure projects going on in Nice at the moment, but the works on the Cap3000 shopping centre just the other side of the airport has also just finished its first phase in its expansion. The interior of the current centre has finished modification and the hole dug ready for the underground car park to be built.
The centre is set to double in size, from 150 shops to 300 shops. There will also be a multi-story underground parking. And to cap things off there will be beach bars and restaurants on the waterfront, with an artificial sandy beach. There will even be a pier built so you can park your yacht and do a bit of shopping or stop off for a bite to eat!
nicematin.com
Le mastodonte prend forme semaine après semaine.Le vaste chantier de rénovation et d'agrandissement du centre commercial de Saint-Laurent-du-Var avance à vitesse de croisière.La première phase de...
2 months ago
Heather Mackay likes this
With so much attention focused on the new underground line being built in the city centre, due next year, it is easy to overlook the fact the tram line is already being laid from the airport. According to the town hall, 20 months later everything is still going according to schedule. You can see some photos of the tracks already laid in the local paper, link below.
Ces 8 photos qui montrent l'avancée du chantier du tramway de Nice
nicematin.com
A la Digue des Français
2 months ago
Jocelyne Temple, Rhonda Ferraro Mackay and 2 others like this
Estate agents are optimistic that 2017 will be a good year on the French Riviera. Some claim that transactions were down 25% since the terrorist attack last July, but that is mostly coincidence. They have been down every year before a general election since the 1970's (except 2002). The shortage has pushed up prices another 4% according to 20minutes.
With interest rates expected to rise this year, purchasing power will decrease. In conjunction with 1.3 buyers for every seller, this will put serious pressure on prices to rise in Nice, unless M. Macron takes action to free up more properties onto the market.
20minutes.fr
Ils espèrent une hausse du volume des ventes...
2 months ago
The war between Notaires and real estate agents has begun. As we know, Notaires are granted an exclusive monopoly on executing real estate transactions in return for being a neutral arbitrator on behalf of the government. They are allowed to hold a contract to sell (since 1978), and even to advertise a property, but not to go out and prospect for clients.
The Notaires are now organising a national network and are trying to position themselves as the de facto people to go to for selling a property. The problem they have is that their sales only account for 3-4% of transactions.
Putting together all their properties in a more organised fashion is the first in a three pronged attack. The second is to slash their sales commission, as low as possibly 1.5%. They can afford to do this as they still expect the estate agents to do the actual work of selling. The law will change 1st April 2017 that forces estate agents to publish their sales commission on each and every property advert. They expect this to make their low rates stand out.
The final attack is to get local government to make estate agents pool all their sales contracts into a central registry, so the Notaire can insert their adverts into an MLS-type listing that that are usually reserved for estate agents. The first attempt, in the Var region, has not gone down well. Every agency organisation, including Century21, FNAIM and Orpi, has refused.
There are a lot of concerned estate agents out there. Personally, I am not too worried for a number of reasons.
One is that real estate transactions only make up a part of a Notaire's work, which includes other things such as handling inheritance and divorce. The current workload of a good Notaire is such that it is taking a month to put together a simple Compromis which should take less than a week.
Second is that a number of estate agents have tried low commissions to attract clients and have had very limited success. Even private ads only make up a tiny part of the market. At the end of the day, sellers want the maximum amount of net profit for the minimum amount of work. Estate agents may charge 5% commission, but when this is broken down and taxes/costs are taken off, the net is far lower than people think.
Third is that even Notaires go to the estate agent when they need a price estimate, rather than doing it themselves. Evaluating a property value is in part doing a comparable survey of properties currently for sale and recently sold, and adjusting in compensating factors for each (for example a top floor apartment will have a different value to a similar size apartment in the same building on the ground floor). Although there are formulas we can use for various factors, only study and experience will tell you how much a balcony can add, or which way it faces.
Choosing a sale price is more complex than just putting it on at its estimated value. You must take into account the expected time frame: selling it within a month will be a different sale price to within a year. Is it the type of property most in demand by your buyers? Are buyers putting in offers much lower than asking at the moment? How best to balance a margin for negotiation against selling time? If the advertised price is set too high, people will not even view it.
Becoming a Notaire takes years of study. Becoming a good real estate agent takes years of experience. In my opinion, you will not be seeing your local Notaire putting a flyer on your car windscreen any time soon.
Crise ouverte entre les agents immobiliers et les notaires du Var
varmatin.com
Le torchon brûle entre les professionnels de l'immobilier et la chambre des notaires du Var. En cause ? La création d'un fichier commun d'exclusivité des mandats de notaires.Dans une lettre ouverte...
2 months ago
Great news for Nice: Christian Estrosi is back as mayor of Nice! In the local paper he explains why he resigned as head of the region to come back to being mayor. The main reason he cites is the devastation he felt after the terrorist attack on his city last 14th July. Unsurprisingly he was welcomed back: 55 votes for M. Estrosi vs 2 for all other candidates. He will now be able to oversee the massive expansion projects all over Nice that he started a couple of years ago.
nicematin.com
>> RELIRE. Christian Estrosi réélu maire de Nice: les moments forts du conseil municipalA l'issue du conseil municipal extraordinaire, celui qui va rester président délégué de la Région Paca no...
2 months ago
Rhonda Ferraro Mackay, Mark Burgess and 1 other like this
This time last year I predicted Nice property prices "would creep up a few percent" (as a few of you may confirm). According to MeilleursAgents prices in Nice have risen over the last year by 3%. Not bad! In the past few newsletters I have said there are far more buyers than sellers... 1.3 buyers for each seller according to the latest published statistics. I can simply repeat: if you are thinking of selling, now is a good time.
The French election is tomorrow, and Mr Macron is expected to become the new French President. I will be updating on any manifesto promises as they are proposed to become law.
Immobilier : vers de nouveaux records de prix dans les grandes villes
patrimoine.lesechos.fr
Le mécanisme de la hausse des prix se confirme mois après mois. La plupart des grandes villes de province renouent avec les niveaux de prix...
3 months ago
Rhonda Ferraro Mackay, Mark Burgess and 2 others like this
Monaco has overtaken Hong Kong and is now the most expensive place on the planet for property at €41,400/m², with Hong Kong at €39,100/m². Far behind in 3rd place is Tokyo at €29,200/m².
Immobilier : Monaco devient la ville la plus chère du monde
boursorama.com
LOGEMENT - En 2016, la principauté est passée devant Hong Kong au classement des villes où les logements sont les plus onéreux, selon BFM Business. C'était déjà le cas pour les logements standa...
3 months ago
Mark Burgess likes this
Capital magazine has an article comparing rental yields in Nice to other cities on the south coast of France. They seem quite similar at around 10% yield for AirBnb style rental, which suggests that supply and demand are similarly matched. Possibly Nice has the better infrastructure in place for growth, including its expanding airport and increasing number of international destinations, plus the new conference centre being built. The yield in each instance appears to be investing in the historic part of each city.
They are also similar in terms of yield for investing in new build property, at around 3%.
Immobilier locatif : jusqu'à 17% de rentabilité à Marseille ou Nice !
capital.fr
Avis aux particuliers-investisseurs du nord de la France ! Capital fait le point sur les meilleurs placements immobiliers du moment.
3 months ago
Mark Burgess, Françoise Fauret and 1 other like this
With the new tram line arriving soon at the Port, the Town Hall is looking at different ways of improving the area. One idea being floated is the pedestrianization of Rue Bonaparte, now full of trendy bars and restaurants. Opinion is predictably split, between those that will be happy to be rid of car noise and pollution, and those who think it will negatively affect traffic and commerce. It will be a hard sell, as commerce around is already unhappy with the existing works. Adding more so soon would be a bitter pill, no matter the eventual benefits.
3 months ago
Mark Burgess likes this
From today, AirBnb start collecting the "holiday tax" for you (between 20c and 80c/day). This is not a new tax, it already existed, but it was down to owners to track the number of days and retro-actively declare it. The government has decided to make it easier for AirBnb users, and from now on you no longer need to worry about it. AirBnb will deduct it for you and pass on the rest.
Hausse des tarifs chez le médecin, taxe de séjour par Airbnb... Ce qui change pour vous le 1er mai
nicematin.com
Augmentation du prix de consultation chez le médecinA partir de ce lundi 1er mai, prévoyez deux euros de plus lorsque vous irez consulter un médecin généraliste. Le tarif a évolué de 23€ à 2...
3 months ago
Mark Burgess likes this
Rhonda Ferraro Mackay and Heather Mackay like this
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