Nice, the capital of the French Riviera, is a prime destination for those seeking a long-term investment in real estate. Known for its unique lifestyle, the city offers ideal amenities for families and boasts exceptional infrastructure. Its proximity to major hubs like Cannes, Saint-Tropez, Monaco, and Italy, along with quick access to the international airport, further enhances its appeal. Property prices in Nice vary widely from one neighborhood to another, reflecting the city’s diverse real estate market. Let's explore the property values in some of Nice's most desirable areas.

The Carré d'Or: luxury between city life and the seafront

The Carré d’Or is undoubtedly one of the most prestigious neighborhoods in Nice. Synonymous with luxury and elegance, this area boasts some of the city's most exceptional apartments, housed in art deco buildings, 1970s residences, and Belle Époque palaces, all set in a refined environment just steps from the sea and the city centre. Property prices here range between €10,000 and €15,000 per square meter.

The Port: a blend of tradition and modernity

The Port of Nice has undergone significant revitalization in recent years. Former warehouses have been transformed into modern residences, shops, and restaurants. This dynamic district offers an attractive lifestyle near the sea and has become even more accessible with Line 2 of the tramway, connecting the Port to Nice Airport in just 25 minutes. As this area continues to evolve, numerous renovation projects are underway, and it will host the Oceans Summit in 2025. Prices here range from €8,000 to €12,000 per square meter.

Mont Boron: peace, greenery, and panoramic views

Perched above Nice’s Old Port, Mont Boron offers stunning views of the Baie des Anges. This highly coveted residential area is known for its tranquility, lush greenery, and breathtaking vistas. Luxury villas and upscale apartments are nestled in this privileged setting, with prices averaging between €9,000 and €13,000 per square meter.

Cimiez: history and heritage

Cimiez, a historic neighborhood known for its Roman ruins and the Matisse Museum, features many Belle Époque villas and bourgeois buildings. It offers a peaceful, residential atmosphere. To purchase a property in Cimiez, expect to spend between €6,000 and €10,000 per square meter.

Gairaut: the noble heights of Nice

Gairaut is a highly desirable area, historically known as the residential district of Nice’s elite. The neighborhood features magnificent properties on large plots of land, offering a peaceful setting and stunning sea views. Here, you’ll find a mix of Niçoise, Provençal, and contemporary homes. One of the most prestigious addresses in the area is the “Domaine de Gairaut”, a luxury estate offering high-end amenities: a gated community with a security guard, infinity pool with panoramic sea views, tennis court, gym, sauna, golf practice area, and pétanque court. This private estate spans 4.6 hectares and offers an exclusive and secure living environment. To own property in Gairaut, expect prices to range between €5,000 and €8,000 per square meter, depending on the amenities and location.

The Promenade des Anglais: iconic waterfront living

The Promenade des Anglais is the symbol of Nice, attracting both tourists and residents with its vibrant atmosphere and stunning sea views. The buildings lining the Promenade are highly coveted, particularly in the sections closest to the city center. Here, property prices range between €8,000 and €12,000 per square meter.

Cap de Nice: exclusive seafront luxury

Cap de Nice is an ultra-exclusive residential neighborhood located on the city's edge. Offering an exceptional living environment, it features luxury villas, high-end residences, private beaches, and direct access to coastal trails. Real estate prices here are among the highest in Nice, averaging over €15,000 per square meter.

Factors influencing real estate prices in Nice

Several factors influence real estate prices in Nice, including market trends and the specific characteristics of each neighborhood. High demand for properties in prime locations with parks, gardens, luxury villas, and varied architecture is a key driver of price increases. Proximity to the city centre and the Promenade des Anglais attracts both domestic and international buyers. The scarcity of properties in some exclusive areas, especially villas with gardens, luxury apartments, and character homes, creates fierce competition among buyers, pushing prices even higher.

Additional factors such as sea views, parking, the prestige of the residence, proximity to the seafront, and the presence of terraces or gardens also significantly impact property prices. Properties offering these features are highly sought after and tend to command higher prices. Investing in Nice real estate is considered a safe and valuable choice, with property values appreciating over time and a dynamic rental market offering attractive returns for investors.

Côte d'Azur Sotheby’s International Realty in Nice

Côte d'Azur Sotheby’s International Realty, based in Nice, is a leading player in the local real estate market. With a deep understanding of property prices in Nice, the agency offers personalized services tailored to the needs of discerning clients. By providing a detailed overview of real estate prices across Nice's neighborhoods, it helps buyers navigate this fascinating city. Whether you’re seeking a rental investment, a primary residence, or a second home, the team at Côte d'Azur Sotheby’s International Realty, located at 5 rue Longchamp in Nice, offers expert guidance for your real estate projects, ensuring top-quality support in this ever-evolving market.

*article written in October 2024