A real estate agency in Nice.

(illustrations) -

E.Martin / ANP / 20 Minutes

  • The year 2019 was a record year with 27,000 sales in the department.

    In 2020, at the local level, the sector experienced only a 7% drop.

  • Several scenarios are possible for 2021. The co-presidents of the FNAIM Côte d'Azur predict a slowdown in activity.

More fear than harm, in the end, at least for the stone sector on the Côte d'Azur.

"It was a good year in terms of the transaction", rejoiced this Tuesday Cyril Messika and William Siksik, the co-presidents of the FNAIM Côte d'Azur, the federation of real estate agents.

With "only" 7% decrease compared to 2019, which was a record year with 27,000 sales, the Covid-19 crisis has almost spared the resale market.

The consequences of lockdowns were especially illustrated in customer research.

"We had a boom in the search for houses, those who were in two rooms wanted to move to a three-room apartment but also a lot of requests for garden level", note the co-presidents of the FNAIM.

A trend confirmed by Alban Leloup, manager of Masséna Immobilier, avenue Félix-Faure in Nice.

“When it comes to rentals, people are now interested in outside.

We also noticed a change for investors.

They abandoned Airbnb's wishes for the long term.

And we had fewer foreign buyers, more French people, often couples of young retirees.

They couldn't go on vacation so they chose to settle in the sun ”.

The blur for 2021

The manager, in real estate for thirty years, is rather confident for 2021: “We ended up with a 20% increase in sales.

We adapted, we made fewer visits but they were more concrete.

Normally, the first two weeks of January are calm and yet, we will sign our third sale.

I can still choose the goods I will take care of.

"

On the side of the union, fears concern "the domino effect 2021".

Cyril Messika and William Siksik elaborate: “The issue for this year concerns commercial premises: will there be more bankruptcy filings in the spring?

We also wonder about the financing capacities of first-time buyers, traders, employees on short-time working for access to real estate credit.

"

For them, the most plausible scenario for 2021 in the Alpes-Maritimes would be “a decreasing supply and a decreasing stock at the same time.

Prices remain stable, but activity is likely to slow down ”.

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  • Sale

  • Nice

  • Economy

  • Immovable

  • Housing

  • Balance sheet

  • French Riviera