Charm, individuality and colourful market
The Old Town of Nice is the biggest draw card for tourists in the region, which makes the warren of tiny streets lined with restaurants, bars, shops and markets one of the most sought after areas for property investment on the Riviera.
The quarter is bordered by the Mediterranean and the Boulevard Jean Jaures. It's a small and exciting patch of Nice real estate with buildings mostly from the 1700s. The proximity to the sea, airport bus and Colline du Chateau public park make it popular with residents and visitors alike. In addition, the location right next to the Cours Saleya - market street by day and open air dining hall by night - makes it the most rentable area in Nice.
The planeloads of tourists who land daily at Nice's airport, the second busiest in France, enjoy the Old Town's markets, shops and restaurants too. Many of totallyRiviera's clients choose the area with a view to renting their apartment for significant parts of the year. Several rental agencies are on hand to help with this.
Property in Nice Old Town has seen the fastest price rises in recent years, a trend set to continue with the completion of the new tramway in December 2006. The rapid renovation of the winding streets began in earnest in the late 1990s and has seen the restoration of old buildings, CCTV, a new police station and almost total pedestrianisation.
Properties range from studios around €120,000 to giant apartments in former palaces for up to €1,000,000. A lovingly renovated one or two bedroom Nice Old Town property fetches between €150,000 to €300,000.
It pays to be flexible when buying in both Nice Old Town and the Port. Aspirations were different when much of the area was built 300 years ago. Therefore finding a balcony, lift and a great view is sometimes hard. However, for sheer individuality, charm and colour, apartments in Nice Old Town are impossible to beat.