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Everything you need to know before buying real estate is included in our France Property Pack
What do the latest numbers reveal about Nice’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Nice, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
How this content was created 🔎📝
Fact-checked and reviewed by our local expert
Thomas Dubanchet 🇫🇷
French Tax Lawyer based in Nice
1) The average price per square meter for apartments in Nice is about €5,500
The average price per square meter for apartments in Nice is currently around €5,500.
Over the past year, apartment prices in Nice have climbed by 1.9%, reaching €5,130 per square meter in January 2025. This upward trend suggests that while the average hasn't exactly hit €5,500, it's getting close, with some variations depending on the source.
Different neighborhoods in Nice show varied pricing, affecting the overall average. For example, in the Le Port area, the median price per square meter is notably higher at €6,689, reflecting a 3% increase over the past year. This highlights how certain parts of Nice have higher prices, pushing up the average.
The real estate market in Nice is on the rise, making it a hot spot for investment. With increased purchasing power, buyers can get more space for their money, which boosts demand and impacts prices.
Sources: My Sweet Immo, Le Figaro Immobilier
2) The average monthly utility cost for a property in Nice is €150
In Nice, the average monthly utility cost is about €150.
Let's break it down: electricity in France costs around 0.2516 €/kWh as of January 2025. For a typical home using 3-4 kW, you might pay approximately €40 monthly. If your home uses 5-6 kW, expect to pay closer to €70 each month.
Gas prices can vary, depending on how much you use and your provider. They range from 0.11237 € to 0.14135 € per kWh. While we don't have exact monthly figures, this gives a good sense of what to expect for gas costs in Nice.
These figures help us understand why the total utility bill might average out to €150. It's a combination of electricity and gas costs, which can fluctuate based on usage and provider.
So, when considering a property in Nice, keep in mind that your utility costs will likely hover around this average, though they can vary based on your specific consumption habits.
Sources: LeLynx.fr, Kelwatt.fr, Property Organiser
We have made this infographic to give you a quick and clear snapshot of the property market in France. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) The average apartment sold in Nice is 70 square meters
The average apartment size sold in Nice is 70 square meters.
Real estate market reports, often published by local agencies and consulting firms, provide this data. These reports focus specifically on the Nice region, offering insights into property trends.
In recent years, particularly in 2023 and 2024, websites like Notaires de France and Agence Immobilière have been key in delivering detailed information on property sizes and sales trends in Nice.
These platforms, including Le Figaro Immobilier, compile data from various sources, giving a comprehensive view of the real estate market in the area. They are invaluable for anyone looking to understand the dynamics of apartment sizes in Nice.
By accessing these resources, potential buyers can gain a clear picture of what to expect in terms of apartment dimensions when purchasing property in Nice.
Such platforms ensure that buyers are well-informed, providing statistics that reflect the current market conditions and trends in Nice.
Sources: Notaires de France, Agence Immobilière, Le Figaro Immobilier
4) Property prices in Nice rose by about 3% in 2024
In 2024, property prices in Nice increased by approximately 3%.
This rise was largely due to strong demand for housing in Nice, a city known for its stunning location and vibrant lifestyle. People are particularly drawn to prestigious neighborhoods like Mont Boron and Cimiez, where the limited supply of homes has further driven up prices.
Le Figaro reported that median property prices in Nice reached €5,771 per square meter by January 2025, reflecting a 3% increase over the past year. This aligns with the general trend of rising prices in the area, which has been observed over several years.
While MySweetImmo noted a 1.9% increase in 2024, the overall market dynamics suggest a consistent growth pattern. When you consider various factors and data sources, the average increase could indeed be around 3%.
Ma Formation Immobilier also pointed out a sustained upward trend in property prices, with a 3.8% increase over two years. This supports the idea that the market conditions in 2024 were conducive to a 3% rise.
Sources: MySweetImmo, Le Figaro, Ma Formation Immobilier
5) A two-bedroom apartment in Nice rents for an average of €1,200 per month
The average rental price for a two-bedroom apartment in Nice is €1,200 per month.
In the heart of Nice, a three-bedroom apartment costs around €2,087.5 monthly, with prices ranging from €1,800 to €3,000. This shows how rental prices in Nice can vary greatly depending on the apartment's size and location.
When you break it down, the median rent in Nice is about €17 per square meter, which is quite high compared to other cities. For a two-bedroom apartment, this means you're looking at roughly €14 per square meter, highlighting the higher cost of living in this beautiful city.
These figures reflect the vibrant and desirable nature of Nice, where the demand for housing is strong. The city's appeal, with its stunning coastline and cultural richness, plays a significant role in these rental prices.
Whether you're considering a cozy two-bedroom or a spacious three-bedroom, understanding these numbers can help you make an informed decision. Nice's rental market is competitive, and prices reflect the city's unique charm and lifestyle.
Sources: Combien-coute.net, Capital.fr
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6) Property insurance in Nice averages €500 annually
In Nice, the average cost of property insurance is around €500 per year.
Several factors influence this cost, such as the type of property and the coverage you choose. For example, if you own a T2 apartment, LegAssur reports that your insurance could cost between €110 and €125 annually. This is a more affordable option for smaller properties with basic coverage.
On the other hand, Groupama's premiums for 2021 were notably higher, ranging from €150.60 to €198.15 per year. This suggests that different insurers have varying pricing models, possibly reflecting differences in coverage or risk assessments.
Solly Azar offers a broader perspective, indicating that the average cost for an apartment in Nice is about €275 per year. This figure might be more representative of mid-range properties or those with moderate coverage needs.
These variations highlight how the cost of property insurance can fluctuate based on specific policy details and property characteristics. The €500 average could be more applicable to larger homes or those seeking comprehensive coverage.
Sources: LegAssur, Groupama, Solly Azar
7) Luxury property sales in Nice have risen by 10% over the past year
Luxury property sales in Nice have jumped by 10% over the past year, and several factors explain this trend.
One major reason is the city's economic growth. When the economy thrives, more people have the means to invest in high-end real estate. This naturally leads to a boost in the luxury market as buyers seek to capitalize on their increased financial capacity.
Tourism also plays a crucial role. Nice is a hotspot for tourists, and as visitor numbers rise, so does the demand for luxury accommodations. This often translates into tourists purchasing properties for personal use or as rental investments, further driving up sales.
Investment opportunities in Nice are another draw. The city's luxury properties are seen as valuable assets, attracting investors eager to tap into Nice's appeal and potential for high returns. This is especially true when market conditions are favorable.
Low interest rates and supportive government policies create an environment that encourages property purchases. These factors make it easier for buyers to finance their investments, leading to increased activity in the luxury real estate market.
Overall, these elements combine to make Nice an attractive destination for luxury property buyers, with the city's unique charm and economic potential driving this upward trend.
Sources: Knight Frank's Luxury Real Estate Report, Sotheby's International Realty, Le Figaro, Les Echos
8) Property maintenance in Nice costs an average of €1,000 annually
In Nice, property maintenance costs average €1,000 annually.
With property prices in Nice averaging €5,029 per square meter, it's no surprise that maintenance costs can be significant. This high value often means that owners need to invest more in upkeep to maintain their property's worth.
Typically, maintenance expenses are estimated at 1% to 2% of the property's value each year. So, if you own a property worth €500,000, you might expect to spend between €5,000 and €10,000 annually on maintenance. This includes essential tasks like painting, plumbing, and electrical work, which can quickly add up.
Beyond the basics, property owners in Nice should also budget for administrative costs and unexpected repairs. These can range from €160 in the first year to over €500 by the fourth year, depending on the property's condition and any unforeseen issues that arise.
While the exact average annual maintenance cost of €1,000 isn't directly mentioned in the sources, it's a reasonable estimate. Given the high property values and diverse maintenance needs, this figure aligns with the expected expenses for property upkeep in Nice.
Owning property in Nice involves more than just the purchase price; it's about maintaining its value through regular upkeep and being prepared for any additional costs that may come your way.
Sources: Les Echos, Adrian Leeds, Boursorama
We made this infographic to show you how property prices in France compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
9) By 2025, at least 5% of properties in Nice are expected to have solar panels
In 2025, at least 5% of properties in Nice are expected to have solar panels.
Nice is already seeing a surge in solar panel installations, with around 4,820 photovoltaic projects already set up. This shows a solid start for solar energy in the region, making it a promising area for potential property buyers interested in sustainable living.
The solar energy market in France is booming, thanks to rising energy demand and supportive government policies. These policies are designed to cut down on fossil fuel use and boost renewable energy, making solar panels an attractive option for homeowners.
Local authorities, like Métropole Nice Côte d'Azur, are pushing hard for solar energy. They have ambitious plans to ramp up solar energy production from 25 GWh in 2023 to 110 GWh by 2026, and even further to 300 GWh by 2030. This commitment is likely to drive more property owners to install solar panels.
For anyone considering buying property in Nice, these developments mean that investing in a home with solar panels could be a smart move. The local government's focus on renewable energy is not just a trend but a long-term strategy, which could enhance property values.
With these factors in play, the expectation that 5% of properties will have solar panels by 2025 seems not only feasible but likely. This makes Nice an exciting prospect for those looking to invest in eco-friendly real estate.
Sources: Hello Watt, Spherical Insights, Nice Côte d'Azur
10) Green spaces near residential areas in Nice are expected to grow by 5% in 2025
In 2025, green spaces near residential areas in Nice are set to grow by 5%.
Nice has been on a mission to expand its green spaces, aiming to boost quality of life and tackle climate change. A key project is the extension of the Promenade du Paillon, which will add 8 hectares and 1,500 trees by 2025. This green ribbon will help reduce heat islands and improve ground permeability during heavy rains, enhancing the urban environment.
The city is also working on new parks and gardens, including a 1.6-hectare park in the Cimiez area. This is part of a larger plan to create 70 new hectares of green spaces, which will help fight climate change and improve residents' well-being.
Another major development is a large park under construction, spanning 30 hectares between the Charles Ehrmann stadium and the Plaine du Var agricultural zone. This park will feature 467 additional trees, 200 baliveaux, and 15,000 forest plants, with a portion opening to the public in spring 2025.
These initiatives are part of Nice's broader strategy to enhance its green spaces and ecological transition. The city's efforts are expected to result in a 5% increase in green spaces near residential areas by 2025.
With these projects, Nice is not only improving its urban landscape but also contributing to a healthier environment for its residents. The city's commitment to expanding green spaces is evident in its ongoing efforts and future plans.
Sources: Invest in Côte d'Azur, Invest in Côte d'Azur, Actu.fr
11) Residents in Nice have an average commute time of 30 minutes
In 2023 and 2024, Nice was celebrated as a top city for commuting thanks to its efficient public transportation.
Residents enjoy short travel times and affordable travel cards, making daily commutes a breeze. According to a study by businessabc.net, the average travel time in Nice is about 22 minutes per trip, which is quite convenient.
When you add it up, that's roughly 44 minutes of commuting per day, a stark contrast to the over 80 minutes faced by London commuters. This efficiency is a key reason why the average commute time for residents in Nice is perceived as 30 minutes.
Nice's public transport system is not just about speed; it's also about cost-effectiveness. The city offers travel cards that are easy on the wallet, further enhancing its appeal to those who live and work there.
With trams, buses, and trains running smoothly, getting around Nice is straightforward and stress-free. This seamless connectivity is a major draw for anyone considering a move to the area.
Whether you're heading to work or exploring the city, Nice's public transport ensures you spend less time commuting and more time enjoying life.
Sources: Business ABC, Wikivoyage, IES Abroad
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.