Demand for Nice properties has been very strong for more than three years.
At the same time, stocks are very low.
Prices never stop rising.
With a rise in interest rates, "there could be a simple stagnation of the market", cautiously predicts Moïse Vergeot, president of the Orpi Côte d'Azur group.
“2022 will be a good year for us, in Nice and its surroundings”, assures Moïse Vergeot.
The president of the Orpi Côte d'Azur group is optimistic.
For real estate professionals, the capital of the Côte d'Azur allows "to have very good years".
If this is a fact "always", as Cyril Messika, the president of the Observatory of housing real estate Côte d'Azur, said at the beginning of September, this situation is particularly identifiable "for three years", underlines Moïse Vergeot, from the real estate agency GTI Orpi.
Interviewed in April 2021, he noted a "Covid effect" in particular on "changes in the types of requests" with "desires for exteriors" and very popular municipalities such as Blausasc, Contes, L'Escarène or even Sheet.
“Today, this desire to go to the hinterland of Nice has calmed down a bit because the price of houses has increased, he analyzes.
People want green space but also demand easy road access to the city.
Which is not really the case on the Paillon side.
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And it is not only the prices of these goods in the middle country that have increased.
“Compared to 2021, we are 5% more in terms of property prices in general, continues the real estate agent.
As we always have very low stocks and always high demand, the prices are constantly rising.
We saw it again in June and July and it is still happening.
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For him, this trend is not necessarily linked to the health crisis.
"We've been in this pattern for three years.
The level of sales volumes is not changing with small areas in high demand for rental investments,” he says.
Properties near “the tram route”, new “districts in the making”
In Nice, it is the port and liberation districts that arouse the most interest.
“For a few years now, it has remained very expensive.
Those that have taken a lot of value are located further east of Nice, in the Saint-Roch, Saint-Jean-d'Angely district.
The attraction is explained in particular with the construction of the cinema, new residences for example.
Ten years ago, these were not desirable neighborhoods at all.
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The other asset that gives value to the districts: the tramway.
The project for the new line 4 which will link Cagnes-sur-mer to the capital of the Côte d'Azur has generated real enthusiasm for this town almost bordering Nice.
"The tram route is really the current trend for buyers with prices that are still affordable", supports Moïse Vergeot.
Prices that can “stagnate” but “not fall”
According to the president of the Orpi Côte d'Azur group, the increase in interest rates, "which nevertheless remain below 2%", could have "a price stabilization effect".
He adds: "I don't think there will be a drop in property prices but there could be a slowing down in demand at the buyer level which will then also calm the sellers".
Indeed, with this significant attraction for the region, the real estate agent says that the people who sell are "in a position of strength".
“Even last week, a lady managed to sell her apartment for more than it had been estimated given the number of interested people.
She had even had the luxury of refusing a first offer.
She was right to stand firm, it paid off.
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“Newly retired” and “affluent” buyers
According to his data, people who want to buy come "from all over the place", whether local or from other regions of France.
He nevertheless notes a "slight drop in foreign customers" for Nice.
“We have a lot of French people, new retirees, who come from the North and from Paris.
In general, these are wealthy people who plan to retire on the Côte d'Azur, so they often arrive with a substantial budget, especially if they have sold a property in the capital.
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Moïse Vergeot concludes: “Generally speaking, when you have a situation that allows you to invest, real estate remains the best way to do so in France.
Savings accounts are no longer interesting and the stock market is too unstable.
Having a home is the best way to provide some security for the future.
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And this professional who has been working in the area for 25 years says: “Even if the person wishes to resell their property a few years after having bought it here, I have never seen anyone lose money with a deal.
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