Nice Holds Strong in the French Real Estate Market

 

While property prices are falling in many parts of France, Nice continues to stand out as a resilient and attractive market. In fact, prices in the city are stabilizing, and certain districts are becoming increasingly sought-after. Rue de France remains a highly desirable location, while neighborhoods like Riquier and Saint-Roch are emerging as promising investment areas.

With its exceptional climate, central location, relaxed lifestyle, beautiful beaches, numerous amenities and stunning landscapes, Nice continues to charm buyers. The city’s expansive and picturesque seafront draws in new expats and affluent retirees, many of whom are in search of second homes on the Côte d’Azur. These buyers play a major role in supporting the local real estate market.

Currently, the average price per square metre in Nice stands at €4,785, driven by strong demand both locally and internationally. Smaller properties are particularly popular, making studio apartments especially hard to come by. Apartments in general average around €5,130 per square metre, while houses on the city’s outskirts fetch about €5,596.

However, prices vary significantly depending on the exact location. The so-called "Golden Square"—a central area between the Promenade des Anglais and Boulevard Victor Hugo—commands some of the highest prices in the city, with apartments in Belle Époque buildings selling for an average of €7,706 per square metre.

Other high-demand areas include Rue de France (€7,069/m²) and Mont Boron (€7,058/m²), a prestigious hilltop district to the east of Nice known for its breathtaking views and tranquil atmosphere. In some parts of Mont Boron, prices can soar beyond €11,500 per square metre, reflecting the area’s exclusivity.

In these premium neighborhoods, market regulators are anticipating a potential cap on further price increases. Conversely, districts such as Riquier and Saint-Roch are expected to see modest price growth, supported by ongoing residential development projects. Overall, property prices in Nice could rise by approximately 2% by 2026, although this will depend on broader economic conditions.

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