May 31, 2013
OK, I know I keep on about Nice (record stuck) but really think that with the horrific lack of summer weather I should encourage you all to buy a place in the sun.
Nice is flying. The city council decided a few years ago to implement a huge regeneration of Nice. New tram lines, public parks, development of the Port being a few of the innovative ideas. All of this innovation means that while many cities in Europe have a languishing property market, Nice is still vibrant and exciting, both in the property market and lifestyle it offers – and it’s getting better every day!
I found buying in Nice a doddle. Estate Agents in France are highly regulated and there are over 300 agencies in Nice. Sadly many do not speak English, so if your French stretches to just ordering a bottle of rose, I would suggest looking at some of the property finders. Totallyriviera.com is a fantastic service and is networked with the top agencies and has a great website that structure properties on the market by price point and area (all in English). Their team are all bi lingual and really know Nice and have found many properties for friends and clients of mine.
Once the property is found, you will sign a compromise de vente. It sets out the main terms of the agreement between the buyer and seller and upon signing the buyer will pay a deposit of 10%. Cleverly, there is also a statutory 7 day cooling off period, during which you, but not the seller, can withdraw from the purchase. Gazumping is an English phenomenon and not tolerated in France.
A Notaire (Solicitor) is appointed to handle the transaction (was effortless if a bit pricey!!) But within usually 3 months the keys are yours.
Pick your areas carefully and you will get a great deal on up and coming areas. One such are is Rue Bonaparte (south of Place Garibaldi). This area is a great investment and you can find some great deals in what is a very good area for investment.
SO, if you are fed up with the lack of sun here, book the orange airline and be Nice in just under 2 hours and start the hunt!
PS Castel Beach club is a perfect place to debate properties and negotiations whilst sipping rose with a view of the bay of Nice.
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