Real estate gains in France : what we need to know ?

Nice properties is proud to present you Immonews, the first web video series devoted to real estate on the French Riviera. This month, we offer a spotlight on the local real estate market specifically  real estate capital gain. The new reform adopted by the government in August went into effect on 1 September 2013,  aims to give a new impetus to real estate sales by allowing sellers to realize a discount on the overall capital gains. To learn more about the reform, click here!


An Exciting Time on the French Riviera !

There has been no better way to kick off this summer on the French Riviera with major events like the 2013 Tour de France and the Nice Jazz Festival. Apart from all the buzzing cafe’s and restaurants and the warm sunny weather, we are very excited about the numerous new condominium projects for sale in prime areas such as Villfranche sur Mer, Nice, Cannes and Antibes.

If you have been seriously considering purchasing a second vacation property or rental investment property on the French Riviera, there are many new products on the market to look at, as well as very interesting projects in the pipeline. We have everything from top floor penthouses with private pools on the roof to sea view apartments in walking distance to the beach and shops at every budget.

If you are coming to our area this summer and would like to take a look at some of our new build condo properties, we personally invite you to stop by our office where we can give you a quick overview of what is available based on your specific preferences and give you a tour of the properties that might interest you.

You can be absolutely sure that you will be looking at the most current and complete selection of available properties. Given the fact that we have the biggest new build department than any other agency on the Cote d’Azur and work directly with the developers in the region, gives us the advantage to efficiently maximize your time for your property search.

Top 3 Green Investments in Nice by the Nice Metropole

Nice Metropole

Among a variety of projects in the pipeline by the Metropole of Nice directed at improving quality of life, attractiveness and competitiveness, are 3 large-scale innovative projects that will dramatically transform the face of the capital of the French Riviera.

The first project is the development of a national Eco-vallee that will serve as a motor for economic, social and urban development.  This multifaceted environmentally focused project will consist of a 10,000 hectare territory on the west side of Nice and include the participation of 116,000 residents from 15 adjacent communities as well as 10,120 businesses.  One of the primary objectives will be the creation of a reseach laboratory for sustainable development along with academic and research centers at the international level. Of the 10,000sqm territory, 450 hectares will be urbanized and provide approximately 35,000 to 50,000 new jobs. This long term project is estimated over a 30 year span.

The second project is the creation of an urban park called the Green Corridor, La Coulee Verte, and is aimed at improving the quality of life and city space with the installation of a 2,800sqm lake with fountains and will also provide a small micro-climate in the summer months from it’s freshness and humidity factor. This oasis type space will also be generously landscaped with Mediterranean species, flora and fauna. It will also provide a beautiful environment to host artistic and cultural festivities and celebrations and is completely handicap accessible.  Completion of the project is scheduled for September 2013.

The third project and one of the most large scale and ambitious is the construction of the Allianz Riviera, one of the first Eco-Stadiums in the world that will be located in the west side of Nice in the newly designated Eco-Valle that is also another project by the Metropole of Nice.  The stadium, an eco-sustainably built structure, will have a seating capacity for 35,000 people, an 8,500sqm reception area, 29,00sqm of commercial spaces, and a national sport museum. The aim is to host seminars, concerts, shows, and large events.  Completion of the project is scheduled for June 2013.

These are just few of the various large-scale green projects planned by the Nice Metropole. For more information on these projects please visit


The Pied-a-terre


The “pied-a-terre”…a unique and personal concept in living space. A little place in the city, near the shops, transportation, and all the conveniences where you can enjoy a break for the hustling city life. Whether its a lunch time nap, or just a place to put up your feet and relax, it is a your own personal escape from the buzzing activity outside.

An ideal pied-a-terre should be conveniently located so you can access it easily at any time, should be close to shops or a shopping area so that you don’t have to walk very far to buy your necessities, and should be a relatively small apartment, either studio or 1 bedroom so that you can easily maintain it.

small apartment

It’s your second residence for short usages, a place to take a shower and change your clothes, to stay overnight after a long night out, a personal place of your own for your convenience. The “pied-a-terre” market has recently been booming in Nice as the Nice International Airport has continued to add more direct international flights as well as increased low cost airlines flights for nearby destinations. This has prompted many businesspeople to begin purchasing “pied-a-terres” as well as those who just enjoy coming for the weekend to enjoy the beach and good weather. Whatever your personal reasons maybe, a pied-a-terre is a smart way to reinvest your money where it would otherwise be spent on a hotel, and is also an economical opportunity to increase your real estate portfolio without a large risk. A private space of your own…your own escape.


Banking on year round tourism…Rental Investment Properties in Nice Old Town

Cours Saleya
Named the “Vieux Nice”…Old Nice, or “Nice Old Town” has all the right ingredients for investment.

As you meander through the winding narrow streets of the Vieux Nice, also known as the Old Town of Nice, it is hard not to feel like you have just been transported back in time as you soak in the warm shades of sienna, yellows and ochre of the Baroque style buildings quaintly dressed with their wooden French window shutters.
A unique ambiance unlike any other, the Nice is a vibrant place that is full of small shops, bars à vin, pubs, brasseries and cozy traditional niçois restaurants (many of them family run) that are busy all throughout the year.  Tourists, students, hostel residents, and locals alike continually flow through this area enjoying the colorful scenery… just like the ones found on the postcards.
Housed under striped umbrella shades, the iconic Cours Saleya famous for its fresh flower market, dotes many local vendors selling their wares of locally grown produce, herbs and spices, artisan cheeses and charcuteries as well as an incredible display of antiques on Mondays. This is one of the most enjoyable areas to have lunch or a glass of wine amidst the buzzing ambiance. 
For these reasons, it comes as no surprise that the Nice Old Town is an ideal place for rental investment properties.  Banking on the steady stream of year round tourism and an ideal location that is in walking distance to the beach, the port, the city center, shops and restaurants makes for a very secure return on rental income.
One and two bedroom furnished flats are ideal if you are looking to quickly begin making a return on your investment because they are highly sought out rentals either to tourists, students or locals.  You can also find larger family style apartments that are very popular as vacation rentals.
The Old Nice is definitely an ideal place to consider if you are interested in growing your real estate portfolio quickly with the right ingredients for a secure investment.

The Golden Economic Question: Which Way is Up?

Economic Question
What do  you get when you combine sovereign debt crisis, major bank scandals, and volatile stock market conditions?  
You get the one question that runs through everyones mind: Which Way is Up?

Perspectives on the precarious global economic climate are relentlessly flooding the news as well as  taking their toll on investor sentiments as reflected in the volatile stock markets fluctuations worldwide. And yes, the bank scandals don’t help either.

However, while the soveregin debt crisis takes center stage with Spain, Italy and Greece bearing the forefront of the blame of the euro’s slide, perhaps a more global perspective with respect to borrowing costs for governments being at an all time low could reveal that the economic woes are more widespread than suspected.

In a recent article by Business Insider, an analysis of 10 year treasury bonds around the world shows that these borrowing costs are at all time lows and suggests that instead of being a sovereign debt crisis as most reported, it is rather a problem of being a “growth-deficient world”.  The article states, “What this essentially means is that there’s a lot of money out there that sees no productive investments in the real world,”.


Investing during such an ambiguous time might seem too risky for some.  However, for others, such as the Qataris, it is a moment of opportunity, and safe haven investments such as property, can offer a cushion of protection and moreover, a positive return on investment.  Qatar’s Katara Hospitality is currently opting to purchase four luxury hotels in France, including the famous Hotel Martinez in Cannes on the French Riviera.

In a recent report by Wealth-X Research, Ultra High Net Worth investors (UHNW), are not only   looking for these types of stable micromarkets or havens per se, but also taking “lifestyle” into their investment considerations by making these investment destinations such as London, Paris, and New York, their primary residences.

This new trend is good news for places such as the French Riviera where the numbers for foreign attracted investments has remained steady as reported by the Team Cote d’Azur when they presented their attracted investment report for 2011 at the World Investment Conference in La Baule on June 20th-22nd, where their reported findings showed a 53% attracted investment in 2011 as in 2010.

The bottom line: Investing in a good location leads you in the right direction…that is Up!


Hotel Investments: A Niche Market on the Rise

Essentially, buying a hotel is a transition from one business to another. This package includes all of the technical, financial and legal aspects that requires a specialized knowledge in order to keep the transfer of this type of commercial property investment, a seamless and effective transaction.

Even for the financially savvy, these type of investments require a platform where all parties involved can fluidly communicate with each other harmoniously, resulting in a much easier and stress-free investment.

Hotel niche proves interesting…

Although the global economic crisis took its tolls on all types of investments, it has also suprisingly revealed that this niche market of hotel investments are generally on the rise.

“Despite various natural, economic and political crises witnessed globally in the first few months of 2011, hotel transactions continued gaining momentum and volumes for the full year are expected to exceed our previous forecast,” said Arthur de Haast, global CEO for Jones Lang LaSalle Hotels. “We now anticipate full-year numbers to reach $34.8 billion globally, marking a 28 percent year-on-year increase.”

Location, location, location….

For the hotel business, the location is key. Views, amenities, and the most important factor of all..the clientele. Investing in a hotel also means investing in an area that is able to meet the capacity demands both on and off seasons.

As the French Riviera continues to be one of the world’s most sought-out vacation and business destinations, it comes as no surprise that in 2011, the Cote d’Azur Toursim Board reported a 15% increase in stays of 4 and 5-star hotels. In addition to that, visitors by air increased by 8.5% (11 million visitors) including a 25% increase of number of visitors from emerging markets. It is estimated that in 2012, our famous azure coast will see 11 million tourists as well (people spending more than one night or more). (Cote d’Azur Tourisme)

For the latest hotel properties for sale on the French Riviera, please call our specialized agents at:
Tel: +33 (0)4 92 07 09 50, or visit the Nice Properties website.

Nice Properties Attends Deloitte Media Predictions Conference

Deloitte Conference

[alert alert_type=”info” ]Sophia Antipolis-  Situated in the heart of the French Riviera’s “Silicone Valley” information and technological sector of Sophia Antipolis, Nice Properties attended the 11th annual Deloitte Touche Tohmatsu, “Technology, Media & Telecommunications Predictions 2012″today, organized in partnership with Telecom ParisTech Entrepreneurs and Centre International de Communicacion Avancee (CICA) in Sophia Antipolis where Duncan Stewart, Director of Deloitte’s TMT Research, presented the firms prospective outlook for this mutli-trillion dollar industry.[/alert]

The conference and annual publication focused on “key developments over the next 12-18 months that are likely to have significant medium- to long-term impacts for companies in TMT and other industries.” (Deloitte, TMT 2012)  One of the insightful issues discussed were the trends and changes to business models due to the impact of technological advances.  Basically, the way of conducting business has become a more complex and multifaceted platform than ever before.

As the use of technological medias are expected to continue to rise apart from global economic woes, Deloitte’s industry analysis, research, and innovation have a proven track record that is vital for leading-edge businesses and organizations.

Destination Investments: Riding the best waves of the economic tide

During uncertain economic times, investors and potential buyers in the real estate market might have certain doubts about the timing of their purchases and investments. Naturally, buyers want to feel secure about what they are buying which is why destination investments in highly touristic places such as the French Riviera, can ease buyer concerns as the markets play out their cycles.

While the waves of the global economic crisis continues to ripple throughout the world’s economies and European leaders forge ahead in the battle of the European sovereign debt crisis amidst fears of a global recession, gleams of a silver lining have appeared this week at the annual World Economic Forum in Davos.

For some, the crisis does not pose a threat, but rather a prospect. “A survey of 800 business leaders in Asia, the Middle East and North America by FTI Consulting found that 45 percent of companies in Asia are either executing or looking to make acquisitions in Europe in the next 12 months, compared with just 14 percent in the Middle East and 7 percent in North America.” (Reuters, January 25, 2012) This suggests that Europe is still viewed as a leading place for investing over other leading continents, and emerging markets.


As Apple reported their astronomical first quarter results for 2012 of $46.33 billion and revenue with 37.034 million iPhones sold, it can be simply said that a good product with a strong brand can resist an unsteady economic tide and in the end, come out on top.

The French Riviera, one of the world’s most popular tourist destinations, known as the playground to the rich and famous with renown world-class events such as the Cannes Film Festival and the Monaco Grand Prix and host to 50% of the world’s superyacht fleet yearly, not to mention 300 days of sunshine with beautiful azureen waters and chic beaches, is one of the reasons why this destination real estate market along Cote d’Azur has also come out on top during an unnerving economic period.

In a recent interview in the Nice Matin (18 Janvier 2012), the regions primary daily newspaper, Nice Properties’ general manager, Michael Fusaro, explains that the French Riviera continues to have a demand for quality products in real estate and describes it as a “sacred address”. He further mentions that foreign investments represent half of their real estate sales.

The continual demand in the Cote d’Azur has also been recently reflected as new expansion plans were just released to augment the Nice International Airport, France’s 2nd largest airport, by adding a third terminal to accommodate an estimated 12.5 million passengers. (See article Extension de l’Aéroport de Nice: les réactions from Nice Matin).

With a picturesque 71 mile coastline of nothing but marinas, beaches, golf courses, gourmet restaurants, ski resorts and 300 days of sunshine…no worries!