October 12, 2011
Navigating the real estate scene in France can be tricky — even more so when you are unfamiliar with the labyrinthine bureaucracy and unusual quirks the French can be known for. Adrian Leeds, who specializes in helping Americans negotiate the market to secure their dream pied-à-terres in France, just recently ventured into the market in Nice. She shares a few anecdotes from her colorful experiences here. -Geneviève
The beach in Nice: Marisa Williams
Years ago I set my eye on the goal of purchasing a “pied-à-terre” in Nice for a long list of reasons:
1. Nice is nice. Let’s face it, it’s the Riviera, the Côte d’Azur, the land of the rich and famous with the blue Mediterranean Sea, balmy weather, palm trees and Italian flavor. What could be so bad?
2. Property in Nice and its environs is increasing in value on a steady basis. With an international airport and an active port, the blue coast is France’s second hotspot after Paris. This makes Nice, and just about all of the coast, an excellent real estate investment.
Nice – Marisa Williams
3. R and R…the moment one lands at Nice’s contemporary and easy airport, and you head toward Nice down the Promenade des Anglais under the swaying palms with the sea at your side, the stress just melts away. Traveling to Nice from Paris is fast and inexpensive, making weekend getaways about as easy as it gets — a perfect antidote to the cold, gray, rainy winters in Paris.
4. Rental potential of vacation apartments, particularly for the North American market, is ripe for business. While the British and Italians are well served by their own compatriots, Americans have been overlooked. Americans want and expect a higher standard of luxury and service than their European counterparts know how to provide. From a business perspective, Nice was looking awfully nice.