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REAL ESTATE ON THE CÔTE D'AZUR: RENEWED MOMENTUM IN 2025
As 2025 begins, the real estate market in Nice and the Côte d'Azur is enjoying positive dynamics. After a period marked by a wait-and-see attitude, lower interest rates have restored buyers' confidence. This improvement is reflected in an increase in demand, particularly from first-time buyers, but also from our foreign customers: Scandinavians, Americans, Anglo-Saxons....
Our banking partner Vous Financer currently offers rates of around 3% over 20 years.
This upturn in the market can also be explained by the growing interest in our region on the part of both domestic and foreign customers. Nice and the Côte d'Azur appeal for their exceptional living environment, sunny climate and economic attractiveness. Whether you're looking for a second home or a new permanent residence, the popularity of our region continues unabated.
Demand is strong for apartments with terraces and sea views in the Mont Boron, Nice Promenade des Anglais, Villefranche Sur Mer and Beaulieu Sur Mer areas. Properties in perfect condition are more easily purchased than those in need of renovation.
There has also been an increase in demand for beautiful villas, again preferably in perfect condition.
The Port district continues to be very popular, with numerous requests for small surface areas and pied-à-terre.
Finally, we are also looking for large apartments in the Golden Square and Cimiez districts.
In the retail sector, we are also seeing an increase in demand, particularly from Parisian groups looking for hotels or prime locations for restaurants or cafés.
However, the rental market remains under pressure. The supply of properties available for rent remains limited, making access to housing more complex. Two major phenomena explain this situation. On the one hand, the French Climate and Resilience Act has led to the withdrawal of many energy-inefficient properties from the rental market. Secondly, the regulatory and tax constraints to which lessors are subject are slowing down their desire to rent out their properties.
To ensure a balanced rental market and meet growing demand, it is imperative that the public authorities introduce incentives. Lightening the tax burden on landlords and simplifying administrative procedures would restore lessors' confidence. This would increase the supply of available housing and make the market more fluid, to the benefit of all players.
As the head of a real estate group based between Nice and Monaco, I see this enthusiasm for our region on a daily basis, but also the challenges facing our customers. The current upturn in the market is an opportunity to be seized, provided that the legislative and fiscal environment supports this dynamic. Together, let's continue to promote our region and support those who wish to live here.
