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Landmarks
The real estate market on the Promenade - The New Deal
 The
staff of 107 Promenade Agency
Now that we are at the end of the year, and after several
years of exponential increase, the prices of the properties
on the sea-front in Nice are now stabilised.
Those apartments close to the city centre can easily be
purchased between 8,000
to 10,000 €/m², depending on the quality of the condominium,
on the state of the apartment itself, the elevation, the
view, etc.
Starting from Magnan and going to the West, the prices vary
from 3,000 to 5,000 €/m².
The demand was quite low since May 2006, despite a more
active period in September and October.
The significant decrease of the dollar versus the euro,
combined with the inflation did directly impact the
customers from the dollar regions.
Here in Nice, as well as anywhere else on the French
Riviera, the landlords who really want to sell their
properties are lowering their expectations.
Within this context of a new deal, in a market under
stabilisation, the (true) real estate experts are thus
playing an important role, by advising and regulating the
market itself.
The Promenade : a really good investment for the future
On our side, we are just much concerned to offer complete
satisfaction to both parties involved in every transaction,
and we only select those products with have the best quality
for the money ratio.
And since the walk-in customers are not so many these days,
we just go to meet them… In the past three months, we just
went to Russia, Kazakhstan, and Ukraine first of all, then
in the United States, to attend to several exhibits and
conferences and to establish partnership agreements with the
best local real estate experts; this will enable us to have
a good grip in these cities where we already have
representation offices.
During each of these encounters, we can really measure the
prestige of the Promenade des Anglais…which nowadays does
not look like it should be and which is still under its
international fame. Therefore, the status can only
positively evolve.
The traffic will soon be reduced on the Promenade, thanks to
the laying of additional traffic lanes on the expressway.
For all of this, buying now a property on the Promenade with
the help of a good expert is a real good move as it is a
good investment for the future.
The market price
Value of the latest transactions on the Promenade des
Anglais
- 25: 3rd floor – 2/3 BR – 107 m² -
Very good condition – 830,000 €
- 79: 4th floor – 1-2 BR – 61 m² -
Very good condition – 480,000 €
- 131: 4th floor - studio - 30m² -
Very good condition – 188,000 €
- 227: Ground Floor – 1-2 BR - 45m² -
Very good condition – 180,000 €
What’s new in our agency 107 -
Meeting our foreign prospects…
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