The best cities to invest in the south of France
Exclusive city of Monaco
When we talk about real estate investment, we often think of Monaco. This is a free zone that was long considered a tax haven. However, the tiny Monegasque principality does not provide any tax benefits to French nationals. A bilateral agreement has also been signed between the two states. On a strictly real estate level, the purchase of a property in Monaco is of little interest for French nationals and even for foreign investors who do not have tax exemption objectives.
Nota Bene: following a bilateral agreement between France and the Principality of Monaco, French citizens cannot claim the tax benefits offered by the legislation of Monaco. Indeed when you buy a property in Monaco, no matter how small it is, you buy above all a tax status. Moreover, the entry ticket is expensive, very expensive, especially when you have no tax objective. In Monaco, a square meter of real estate will cost you about €40,000. And the price for a large studio will be 1 million euros.
Investing in Nice
The city in the south of France that allows benefiting from great prospects for development is undoubtedly the city of Nice. Why ? Well, because it is one of the most populated cities in France. It is therefore a city where the demand for housing is strong. This is a city where real estate is also boosted by seasonal rental demand. Indeed Nice is both an economic center and a tourist city. However, when you do not know the city too well, it is better to be accompanied in order to make a profitable investment.
In Nice, prices can vary between €5,000 euros per square meter to more than €10,000 for properties located on the seafront.
Strong points: dynamic and attractive market, which is historically highly sought after by foreign customers and seniors.
Carros and Vence, neighboring towns
Because real estate prices tend to soar on the seafront, the towns in the hinterland of Nice offer good investment prospects and attractive placements. However, if in the short and medium term the neighboring towns are interesting, they are the first to suffer from market downturns. It is therefore necessary to be quite careful and to focus on resale. In other words, on markets of the neighboring towns, properties with default have no place. Even if the rates of return seem juicy. Because the most important thing when investing in real estate is the liquidity of the property.
Strong point: rental investment possible from 200,000 euros.
Cap d'Ail, Saint-Jean Cap Ferrat, Villefranche-sur-Mer, investing in the heart of the Côte d'Azur
As soon as you get closer to the coastline, the cost of buying real estate increases dramatically, sometimes reaching stratospheric levels. The entire first line of Cap d'Ail, Saint-Jean-Cap-Ferrat or Villefranche-sur-Mer is in high demand. Obviously, this is a very specific market for the richest insiders.
However, if you have large sums to invest, the Côte d'Azur is a serious alternative for this. Because it allows investing significant amounts in the medium and long term without being exposed to financial risks.