It was around 1860 that people ‘discovered’ Nice and have been madly passionate about this slice of France ever since. Wealthy people, mostly Brits, arrived in their droves, building homes, hotels and churches. It was THE place to be seen.
The city of Nice is celebrating 150 years of ‘Frenchness’ by putting on 150 special events over the summer. The major has announced the celebrations. It is to be a festival of community spirit and they are hoping to get all the patrons of Nice to roll up their sleeves, spruce up their districts and meet the neighbours. There will be some wonderful cultural and sporting events in the summer and Nice is expecting tourists from all over the world to come and attend.
Due to the high volumes of people descending on Nice we are expecting an upturn in both property sales and rentals – particularly on the Promenade where it is usual for most of the excitement to take place.
Buying a property in Nice is a safe, secure investment offering consistently solid returns.
The rental market is strong in Nice and most properties in the centre are on the market only for a few days before they are rented. There are two rental options to consider when deciding to rent on a monthly basis: a short term contract and a long term contract.
Renting a property on a short-term basis, usually per week to holiday-makers, is a very popular option for buyers for a number of reasons. Compared to long-term letting, rental returns are higher. As a general rule, the expected income per week when rented to a tourist in the peak season is roughly equivalent to the expected rent per month when let on a long term basis. For example, a two bedroom apartment that could let for €1,000 per month on a long term contract could be rented to holiday-makers for the same amount per week in the peak season. With this in mind, twelve weeks rent is the same return as renting it out per month for a year but with the possibility of using it yourself or increasing your rental return, or both.
Please take a look at our property in Nice in the Musiciens Qarter!
Filed under: France and the Côte d'Azur
