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General Information About Buying a Nice Property

French Riviera

Buying an apartment in Nice, or indeed a villa in Nice , has always been an excellent investment, not only financially but also from a lifestyle point of view.

Nice is France’s fifth biggest city and the “capital” of the French Riviera. It's a glorious place, famous throughout the world for its stunning natural beauty, glamour, cuisine and its inherent invitation to "la dolce vita"!!!

There are a vast number of properties in Nice for sale to suit all budgets ranging from typical Niçois apartments in the central areas to luxurious residential complexes in the West of the city. There is also a fantastic selection of Nice new build properties on offer.

The Nice property market is buoyant and still relatively cheap compared to cities such as London & Paris and indeed other Riviera towns. Further welcome news is that there are numerous factors which will give rise to high capital appreciation on Nice Properties- and good returns on investment on your Nice apartment over the coming years:

Getting to Nice

Nice is one of France's best cities to invest in. It is second only to Paris as a tourist destination and thanks to the fabulous climate and natural beauty, tourism is popular throughout the year and not just over the summer months. Accessibity is excellent - an extremly important factor when purchasing a Nice property for pleasure or investment purposes. Nice International Airport is within just a two hour flight of most UK destinations, and is just 15 minutes from the city centre meaning that travelling to your second home is simple and stress-free - in fact an increasing number of people work here and commute back and forth to the UK on a weekly basis.

The Weather in Nice

One of the greatest incentives for Northern Europeans to buy property in Nice is the town's superbly mild climate. The area is protected by the Alps and Nice enjoys a wonderful micro-climate boasting 300 days of sunshine per year, offering mild temperatures and sunny days in winter and of course long, hot, Mediterranean summers.

Nice Properties for sale

Nice is aesthetically a truly beautiful city and an architectural delight. The selection of Nice Properties on offer really does have something to suit all tastes. This ancient town has been inhabited for over 400,000 years, first by the Greeks (who established the city of "Nikaia") and then the Romans who left their mark, particularly at Cimiez where the ruins of the Roman ampitheatre and baths can be visited. The city also retains its medieval heritage in Nice old town (vieux Nice) with its atmospheric, narrow winding streets and picturesque red-tiled roofs.

At the turn of the 19th Century the European aristocracy chose Nice and its surroundings as an exclusive summer retreat. Nice became particularly popular with the British élite after whom Nice's famous beach front road is named, the " Promenade des Anglais ". Queen Victoria was a regular visitor and this opulent period is known as the Belle Epoque. Many ornate buildings from this era remain and they are much sought-after for their spacious, bright apartments with wonderful high ceilings often decorated with frescoes. There is therefore no shortage of wonderful character properties to choose from so if you decided to buy an apartment in Nice you can be sure there is something to suit your taste and budget.

City Life in Nice

The city itself is a hub of activity filled with street cafés, gastronomic restaurants, brasseries, bars with live music, museums, theatres, local markets and wonderful shops. Nice is venue to many events such as the Nice Carnival in February, the famous outdoor Jazz Festival in July, international sporting events and business congresses throughout the year. You can also take part in many sporting events including regattas, the semi marathon and the Iron Man, reputedly one of the most difficult Iron Man venues in the world!! These varied events attracts masses of visitors, meaning that Nice is a great spot to purchase a property for rental investment.

Nice's Tramway and Urban developments

One of the most interesting factors which has certainly lead to increased capital appreciation for property owners is the tramway which opened in Autumn 2007. Properties along the route have risen in value and the tramway has opened up areas which were less accessible in the past and which have thus seen extremely good capital appreciation.

The second tramline planning is underway and this will lead to the airport, bringing a boost to the areas along the west of the Promenade. Further urban improvements have been made to the city centre over recent years, in particular to the port area which was once fairly run down. Now the port has superb shops, restaurants and trendy bars appearing everywhere and it has become one of the chic locations to buy in. Works are still underway there to build a car park which will further add to the aesthetics of the area.

Nice city centre is currently undergoing a huge facelift with Nice bus station being knocked down and the Coulée Verte area opening up, with a park and lake to open up the area infront of the old town.

Next on the list for regeneration is the train station which is due to undergo a massive facelift, much improving the area around Avenue Thiers

Buy-to-Let property in Nice

The Short Term Letting Market:  There is a huge demand for holiday apartments in Nice in the short-term letting market. As a generalisation, in high season you can expect to pay the same amount for weekly rented accomodation as what you would typically pay per month (for a long term let). For example, if a studio rents out for 500 Euros per month long term, you can usually obtain around 500 Euros per week during high season. High season is July and August when you are pretty much guaranteed almost full occupancy. It is easy to let your apartment out at the end of May (for the Grand Prix and Cannes Film Festival) and also the months of June and September. Attika works very closely with a selection of rental agencies in Nice and we will be happy to arrange a meeting for you so that you can begin earning rental income from your investment as soon as possible. Our recommended agent for Nice is www.yourniceapartment.com and for Cannes it's www.everythingcannes.com