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Are you thinking of investing or renting in Nice? Refer to the key figures for the local real estate market as of April 1, 2024 to get an idea of the opportunities in the metropolis.
If you plan to buy or rent in Nice, find the level of prices and rents in the city using the Fnaim and the Clameur Observatory.
If you are first considering making an investment in this town or buying to live there, be aware that on April 1, 2024, the sale price there stood at €5,142/m², according to Fnaim data. (National Real Estate Federation). During the last quarter, this index recorded an increase of 0.6% and 2.3% year-over-year. These variations reflect the dynamism of Nice real estate. When we study the data from the last three years, we also observe a significant increase in prices (+16.3%).
Price per m² in Nice: a look at real estate investments in the city in April 2024
If you are considering buying in Nice, take the time to consider your decision by consulting in detail the sales indices as of April 1, 2024. According to these, you had to spend on average €7,062/m² for a house, compared to €4,995. /m² for an apartment. Below, browse the details by size of property, with the prices per square meter observed in the metropolitan area:
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- House T3: €7,124/m²
- Maison T4 : 7.147 €/m²
- T5 house: €7,112/m²
- House T6 and more: €6,938/m²
- T1 apartment: €5,534/m²
- Appartement T2 : 5.081 €/m²
- T3 apartment: €4,853/m²
- Apartment T4 and more: €4,909/m²
Find the announcements of Fnaim professionals: real estate for sale or rental in Nice.
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Rents in Nice: assessment of the last 4 quarters
Whether you are an owner-landlord or a tenant in Nice, you will also be curious to discover the evolution of leases. These figures from Clameur are based on leases signed in the city over a year.
Excluding charges, the median rent* for apartments, all sizes combined, in Nice stands at €17/m² for the last 4 quarters.
If we compare the figures with those noted a year before, rents show an upward trend, with a variation of +3.6%.
Discover the details of median rents*, charges excluded, in Nice over the last 4 quarters (based on rental space):
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- Apartment T1: €21/m²
- Appartement T2 : 16 €/m²
- Apartment T3 and more: €14/m²
If we compare the same period a year earlier, rental prices have changed depending on the type of accommodation. We actually note a variation of +8.2% for T1s, +0.6% for T2s and +1.3% for rentals of type T3 and above. Rental properties of size T1 varied by approximately -2.8% over a period of 5 years, while T2 and T3 and + evolved by +3.7% and +4.7% respectively.
* The median price indicates that half of the leases were concluded at a lower price and the other half at a higher rate. This marker is more representative of the transactions carried out than an average because it is less impacted by extreme values.
> > Our service – Estimate the price of your property with our real estate simulator
The attractions of Nice that will please you
Nice, a commune in the Alpes-Maritimes, in the Provence-Alpes-Côte d’Azur region, has an area of 72 km² and officially has 341,032 residents.
Nice has various assets. Among the facilities listed by INSEE, for culture buffs, the town lists 3 theaters and 8 cinemas. For sports enthusiasts, it is possible to benefit from 12 swimming pools, 21 gymnasiums and 22 stadiums. Regarding shops, the municipality has 6,825 stores. The city also lists 51 green spaces available to residents. Retirees, families, students… Everyone can have access to it.
Also find on Capital – Economic news, stock market & finance real estate prices Frejus, Antibes, Saint-Raphaël, Cagnes sur mer et Grasse.
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