Nice, which is ideally located between land and sea, is an iconic, multi-faced town on the Côte d’Azur. Whether you are looking to buy a primary residence or buy-to-let property, prices in Nice vary considerably depending on the district, with some districts more popular than others. Let’s review which are the best districts when it comes to investing in Nice real estate.
If you want to invest in a property in the town centre, your choice of district will differ depending on whether you are looking for an old flat with period charm, a new property in pristine condition, or a slightly more up-market luxury villa.
The town’s most sought-after districts are up in the hills where you will find exceptional properties with panoramic views of the Mediterranean. From Cimiez district to Mont Boron, there are a whole host of properties on the market, including typical Nice and Belle Epoque-style villas with pools, lush greenery, and stunning views. If you are after a flat, there are lots of new real estate developments particularly in the town centre. In the Old Town and the Port, you will find charming flats with terraces, near public transport, ideally located for enjoying the delights of the sea in summer and the mountains in winter.
Nice is an ideal place to buy with property prices lower than in other parts of the French Riviera. However, according to data collected by SeLoger, prices can vary hugely from one district to the next.
Average property prices in Nice are close to €5,000/sqm. The most expensive districts are Vinaigrier and Mont Boron with houses averaging €8,000/sqm, according to SeLoger. The Mont Boron district, which stands almost 200 metres above sea level, features a stunning view overlooking the town, while Vinaigrier is located next to Villefranche sur mer where property prices are relatively high. Next you have the Port district and Fleur Gambetta where the price of a villa is roughly €7,000/sqm. Carré d’Or, which is one of the town’s most popular and exclusive districts is clustered around place Masséna and is home to well-known sites such as Hôtel Negresco, the Promenade des Anglais and the Palais de la Méditerranée. Cimiez district is also highly sought-after, averaging roughly €6,200/sqm.
Properties in districts such as Saint-Roch, Vernier and Chambrun are more reasonably priced, averaging roughly €4,000/sqm for a flat. Other districts, which fall between these price ranges - such as Lanterne, Libération and Fabron where prices are slightly higher than the town average - are also worth considering, with the potential to generate an attractive return over the long-term.
Although prices are also high compared to average property prices, this doesn’t mean there are no good investments to be had in other districts, particularly when it comes to exclusive flats and buy-to-let investments. The least expensive district is Pasteur where prices average around €3,000/sqm and Arenas, near Saint-Laurent-du-Var.
Obviously, average prices for high-end properties can rise but they give you an indication so you can choose the district that best suits you. Our teams are available to advise and recommend exclusive properties in Nice that will match your search criteria, project and budget.