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The latest article in Capital magazine on where to invest in Nice has some pretty unrealistic advice.
If you go to the bottom of the article, it claims that buying in the Old Town of Nice can give 12% yield if you rent via AirBnb.
They say that the average nightly price in the Old Town is €70. Therefore if you buy a 40m² apartment for €130,000, rent it for 220 nights a year (which is reasonable), then you get that yield.
Unfortunately you will have to build a time machine to go back and buy a decent apartment for that price. For something that makes over €15,000 you will need to spend around €200,000. Your yield should be around 8-9%. Of course unless you want to be running around cleaning bathrooms and waiting for hours to let in guests then you will need a management company which brings that yield down to just below 6%.
Buying a rental property in Nice is one of the safest investments you can make. You will never get a slump here. Even one of Europe's worst terrorist attacks right here on our beach front did not make a dent. Judging from the ever increasing tourist figures, it is just going to get better and better. However, as a rule, yield is proportional to risk. You are unlikely to get the 10-15% net yields that some country's "hot-spot" brochures claim.
If you buy correctly you will get a good return, both in revenue and in capital appreciation, but if you want to "get rich quick" then you may be better off looking elsewhere.
Immobilier : où acheter à Nice, pour habiter ou pour louer
capital.fr
Les rendements flirtent parfois avec les 12% dans la ville méditerranéenne. Découvrez la cote immobilière et nos conseils selon votre profil., Pas de ralentissement en vue à Nice, où le délai d...
The new tram line is still just over 1.5 years from completion but they are already studying the feasibility of another tram line from Nice all the way to Cagnes sur Mer. Not only is the mayor in favour but also his political rivals, giving the scheme some political footing. Unsurprisingly the mayor of Cagnes sur Mer is particularly enthusiastic. Work has been penciled in to start 2030 should the study be favourable.
Le tramway bientôt jusqu'à Saint-Laurent-du-Var et Cagnes-sur-Mer?
nicematin.com
Le tramway franchissant le Var? Ce n'est pas pour demain, mais c'est bien dans les cartons de la Métropole.Des études de faisabilité relatives à l'extension de la ligne 2 du tramway vers l'Ouest o...
The new underground tunnel may be complete, but still plenty of work to go before the launch. The local paper has some great drone footage of the current state of works all the way down the new tram line. Well worth watching.
VIDÉO. Découvrez la ligne 2 du tramway de Nice vue du ciel
nicematin.com
Alors que les essais techniques ont commencé le mois dernier, le tronçon Cadam-Magnan sera mis en service dans les premiers jours de l'été.La desserte de l'aéroport sera fonctionnelle avant la fi...
Now the hotels can no longer fight AirBnb on legal grounds on the French Riviera, they are taking the fight to the media. The hotels groups are getting together to jointly launch a campaign highlighting the investments hotels make in "quality, comfort and safety", pointing out that 'unregulated' accommodation have no inspections and minimum standards they are required to meet. Expect a charm offensive hitting your screens soon.
Comment les hôteliers de la Côte d'Azur passent à l'action contre Airbnb
nicematin.com
"Si vous mettez en location votre logement, personne ne viendra vérifier s'il est aux normes comme nos hôtels, qui, eux, sont passés au crible." Et ce principe du deux poids, deux mesures, Denis Ci...
The first office building started construction this week in the new business district expansion next to the airport, the building to be named "Connexio", designed by the Nice architect Marc Barani. To be completed by next Autumn, the 11,475m² of office space will be rented by the government for 500 staff instead of the 3 other buildings they are currently using, saving €500,000 per year in rent.
Connexio, le premier immeuble de bureaux qui s'érige sur le grand Arénas à Nice
nicematin.com
Ce vendredi matin, Christian Estrosi, président de la Métropole, maire de Nice et le promoteur, Thierry Laroue-Pont, président du directoire BNP Paribas Real Estate ont posé la première pierre de...
After a two year delay due to a court battle with a handful of locals trying to block it, construction starts next month of the new Ikea in Nice. The 54,000m² complex should open in 26 months from this summer.
VIDEO. A quoi va ressembler le futur magasin Ikea de Nice ?
nicematin.com
Après un long feuilleton, les travaux d'implantation du géant du meuble suédois dans la Plaine du Var vont commencer début avril avec les trémies d'accès aux parkings.Ensuite, ce sera la poursui...
Phillip Temple - Real Estate in NiceIkea have been trying for over a decade to build on the French Riviera. The local paper has an interesting time-line from their attempts in Mougin in 2006 to starting construction in Nice this April. www.nicematin.com/conso-shopping/une-si-longue-attente-retour-en-14-dates-sur-limplantation-dikea...
3 weeks ago First tests of the new tram line are underway! You may see the new tram running as you go to/from the airport, though not with any passengers yet. The first segment of the new line will launch in 3 months time, between the airport and Magnan.
À quoi servent les essais de la ligne 2 du tramway de Nice?
nicematin.com
Entre l’arrivée d’une rame ocre de la ligne 2 à Nice (la seconde a été livrée jeudi) et la mise en exploitation commerciale, un parcours technique est requis.Laurent Carrère, directeur des t...
Nice remains France's 2nd busiest airport, with 30% more passengers than the next busiest Lyon. There were 13.1 million passengers travelling through Nice airport in 2017, an increase of 7.1% on the year before.
Avec 13,1 millions de passagers en 2017, Nice reste le premier aéroport régional
nicematin.com
Les aéroports français ont connu une augmentation de trafic de 5,7% en 2017, avec 197 millions de passagers commerciaux (dont 101,5 millions pour les aéroports parisiens) soit plus de 10 millions d...
Works are wrapping up on the current phase of the new Nice underground tram system. All the tunnels are finished, as are the shells for the underground stations. On top of the various sites, equipment is being dismantled and removed.
One of our mortgage brokers has posted his latest rates. They are:
0.95% over 10 years
1.10% over 12 years
1.25% over 15 years
1.45% over 20 years
1.75% over 25 years
Still pretty low.
The renovations of Place St Francois are progressing well, and it looks like it may well be finished on time. Here is a photo taken this morning where they are already starting to lay the paving stones.
The bad news is that there will be a new property tax on the French Riviera. The good news is that it is not so expensive and it will be tacked onto your Taxe Fonciere so it is taken care of automatically for you. It will be "between €2 and €24 per month". The aim is to raise an extra €63M in tax revenue that will be directly spent on improving public areas in the district. The 6.5% increase still needs to be voted on.
Nice : Estrosi veut créer une nouvelle taxe pour les propriétaires
immobilier.lefigaro.fr
Cette taxe sur le foncier bâti, qui doit être soumis au vote du conseil métropolitain, concernerait les propriétaires de la métropole Nice Côte d’Azur et viendrait s’ajouter aux parts commun...
Phillip Temple - Real Estate in NiceThe local paper has a complete list of works planned to be done here: www.nicematin.com/economie/la-liste-complete-des-projets-qui-seront-finances-par-le-plan-dinvesti...
2 months ago Yes it did snow in Nice, a few seconds video I took out of the office window below. The Daily Mail showed pictures of snow on the beach but there is a reason all the photos were taken at night. The days are too warm for it to settle. Fortunately things were soon back to normal.
youtube.com
Snow outside the offices of Paradise Properties in Nice, rue des Ponchettes. Music: Montreal Symphony Orchestra (conducted by Charles Dutoit) Tchaikovsky "D...
Well the question of how the town will replace the disappearing Taxe Habitation has been answered. Nice has decided to raise the Taxe Fonciere by 60%, the maximum allowed by law. So the inflated council tax you will find on your next bill is not a mistake.
The next couple of years will be more costly but once the Taxe Habitation has been phased out, you will end up paying more or less what you did before. A case of giving with one hand and taking away with the other.
An apartment in the Old Town will go from around €600/year to around €900/year, and in the city centre from around €1,000/year to €1,500 year. The increase will be recouped by 3-4 days holiday rental.
Les taxes sur les résidences secondaires s’envolent
immobilier.lefigaro.fr
Après Paris, Nice et Bordeaux vont gonfler dès cette année la surtaxe d’habitation pesant sur les résidences secondaires. Les élus souhaitent pérenniser cet impôt, menacé par la disparition ...
There is an article in the local paper detailing 10 new luxury hotels that are being built over the next couple of years in Nice, 3 of them five-star hotels.
Ces 10 hôtels de luxe qui sont en train de sortir de terre à Nice
nicematin.com
Où? En centre-ville, avenue de Verdun.Quoi? Une extension de l'existant.Combien de chambres? 160 chambres.Quand? En 2019.
After showing clients properties in the rain yesterday, they looked a little disbelieving when I said it has been pretty sunny the past few weeks. Now I have proof! Last month, January, Nice was officially the sunniest place in Europe.
Infographie: À la recherche du soleil
fr.statista.com
Ce graphique montre le nombre d'heures d'ensoleillement moyen en janvier dans une sélection de villes européennes.
Nice has taken delivery of the trams that will run between the airport and city centre, yesterday. They are already doing test runs between the airport and the Prefecture which is the second line that runs from the airport toward the football stadium to the north of Nice. The line will open in stages, with the final one being the Port in 2019, at a cost of €780M.
Tracé, coût, mise en service… Ce qu'il faut savoir sur la ligne 2 du tramway de Nice
nicematin.com
Le nombre de passagers attendusL'an dernier, en se félicitant du choix d'un tracé souterrain, Christian Estrosi évaluait à 140.000 le nombre de voyageurs qui emprunteront quotidiennement la ligne ...
There are some great photos of the current state of one of the new metro stations in the local paper. The scale is impressive. The mayor Christian Estrosi announced that the project is exactly on schedule, with the line opening between the airport and Magnan (half way along the Promenade) by the end of the year. The second half all the way to the port will open end of next year.
nicematin.com
À terme, cette station verra passer pas moins de 8.500 passagers par jour.>> PHOTOS. Regardez les œuvres d'art qui vont jalonner la ligne 2 du tramway de Nice
The local paper has an item showing the statue that will be created by local artists for each stop along the new tram line being completed. They range from the abstract to realist, drawing from either history or the local nature including light and water. And a big flower pot. And an ice-cream cone.
PHOTOS. Regardez les œuvres d'art qui vont jalonner la ligne 2 du tramway de Nice
nicematin.com
Paul-Montel: "Éloge du déplacement" de Philippe RametteUn "geste graphique, léger et ondulant" qui serpentera sur le boulevard. Les lignes de l'œuvre qui rappellent les rails du tram, constituent ...
The Figaro has a great piece on the new "Joia Meridia" being built north of the airport, and it has to be said it does look spectacular.
Drawing on inspiration from the Cours Saleya fruit market, and the squares of Place Garibaldi and Place Massena, it is going to be a complete living / working / shopping environment. It will have open markets and spaces, with buildings being kept low-rise around the residential areas but soaring up higher in the financial districts.
The 74,500m² will be 51,300m² of residential, and the rest will be hotels, offices, and leisure. It will be connected by the new tram line that will take you into Place Massena in 15 minutes. The €275m project will take 6 years, with the first buildings being completed and for sale in 3 years.
It is worth watching the video at the end of the article.
À Nice, un nouveau quartier doit sortir de terre d’ici 3 ans
immobilier.lefigaro.fr
EN IMAGES - On connaît désormais l’équipe en charge de réaliser le quartier de Joia Méridia, au cœur de la technopole urbaine de Nice Ecovallée. Découvrez cet ambitieux projet de 73.500 m² ...
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