Investment Property in Nice

Investment Real Estate in Nice

Nice property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Nice .

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Search Map of Nice Investment Real Estate

Nice (, NEESS; French pronunciation: ; Nissard Occitan: Niça, classical norm, or Nissa, nonstandard, pronounced [ˈnisa]; Italian: Nizza [ˈnittsa]; Greek: Νίκαια; Latin: Nicaea) is the seventh most populous urban area in France and the capital of the Alpes-Maritimes department. The metropolitan area of Nice extends beyond the administrative city limits, with a population of nearly 1 million on an area of 744 km² (287 sq mi). Located in the French Riviera, on the south east coast of France on the Mediterranean Sea, at the foot of the Alps, Nice is the second-largest French city on the Mediterranean coast and the second-largest city in the Provence-Alpes-Côte d’Azur region after Marseille. Nice is approximately 13 kilometres (8.1 mi) from the principality of Monaco and 30 kilometres (19 mi) from the French-Italian border. Nice’s airport serves as a gateway to the region.

The city is nicknamed Nice la Belle (Nissa La Bella in Niçard), which means Nice the Beautiful, which is also the title of the unofficial anthem of Nice, written by Menica Rondelly in 1912. The area of today’s Nice contains Terra Amata, an archaeological site which displays evidence of a very early use of fire 380,000 years ago. Around 350 BC, Greeks of Marseille founded a permanent settlement and called it Nikaia, after Nike, the goddess of victory. Through the ages, the town has changed hands many times. Its strategic location and port significantly contributed to its maritime strength. For centuries it was a dominion of Savoy, and was then part of France between 1792 and 1815, when it was returned to the Kingdom of Piedmont-Sardinia until its re-annexation by France in 1860.

The natural environment of the Nice area and its mild Mediterranean climate came to the attention of the English upper classes in the second half of the 18th century, when an increasing number of aristocratic families took to spending their winters there. In 1931 following its refurbishment the city’s main seaside promenade, the Promenade des Anglais (“Walkway of the English”) was inaugurated by Prince Arthur, Duke of Connaught, and owes its name to visitors to the resort. These included Queen Victoria along with her son Edward VII who spent winters there, and Nice born Henry Cavendish, who discovered hydrogen.

The clear air and soft light have particularly appealed to notable painters, such as Marc Chagall, Henri Matisse, Niki de Saint Phalle and Arman. Their work is commemorated in many of the city’s museums, including Musée Marc Chagall, Musée Matisse and Musée des Beaux-Arts. International writers have also been attracted and inspired by the city. Frank Harris wrote several books including his autobiography My Life and Loves in Nice. Friedrich Nietzsche spent six consecutive winters in Nice, and wrote Thus Spoke Zarathustra here. Additionally, Russian writer Anton Chekhov completed his play Three Sisters while living in Nice.

Nice’s appeal extended to the Russian upper classes, Prince Nicholas Alexandrovich, heir apparent to Imperial Russia died in Nice and was a patron of the Russian Orthodox Cemetery, Nice where Princess Catherine Dolgorukova, morganatic wife of the Tsar Alexander II of Russia, is buried. As are General Dmitry Shcherbachev and General Nikolai Yudenich leaders of the anti-Communist White Movement.

Those interred in Nice at the Cimetière du Château, include celebrated jeweler Alfred Van Cleef, Emil Jellinek-Mercedes, founder of the Mercedes car company, film director Louis Feuillade, poet Agathe-Sophie Sasserno, dancer Carolina Otero, Asterix comics creator René Goscinny, The Phantom of the Opera author Gaston Leroux, French prime minister Léon Gambetta, and the first president of the International Court of Justice José Gustavo Guerrero.

Nice has the second largest hotel capacity in the country and it is one of its most visited cities, receiving 4 million tourists every year. It also has the third busiest airport in France, after the two main Parisian ones. It is the historical capital city of the County of Nice (Comté de Nice).

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The financial stability of Nice has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Nice

Renting out your Nice buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Nice are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Nice and be prepared to change your initial outlook.
Thoroughly research the Nice location with a special emphasis on fringe areas outside the main Nice metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Nice.
Ensure that your target investment property in Nice appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Nice properties yourself is an easy option, but are these savings justifiable when you run into Nice red tape? Physis Realty Nice office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Nice buy-to-rent sector.

With our expert guidance, investing in Nice provides the secure knowledge that your money is working harder than it would in a local Nice bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Nice, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Nice property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Nice

Flipping property in Nice

Flipping property is when we advise clients to buy a Nice property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Nice market has a time to react to the renovation.

The Flipping Strategy in Nice

Investment property flipping in Nice is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Nice real estate investments are sometimes referred to by professionals as ‘distressed’ Nice real estate.

What is distressed Nice property:

Nice property in need of renovation
Nice real estate with a change of purpose and use
Oversold Nice property
Bank repossessions in Nice

Put simply, long term investors in Nice purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Nice investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Nice property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Nice use a minimum profit value of 22% when looking at potential Nice projects. The reason for this is because there are lots that can go wrong in Nice property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Nice

For luxury property investors hoping to add a superb property in Nice to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Nice, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Nice should be entrusted to only the highest-quality agency.

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