According to data from the National Real Estate Federation (Fnaim) and Clameur, house prices in this city show certain trends.
On September 1, 2024, the average sale price of a property in Nice was 5,087 euros/m², according to the Fnaim index. Over the past year, prices have stabilized (0%), but there has been a slight decrease of 0.6% over the past three months. In the longer term, over the past three years, property prices in Nice have increased significantly by 12.6%.
It is important to note that prices vary depending on the area and the type of property. On average, houses sell for more than apartments: 7,571 euros/m² versus 4,910 euros/m². A more detailed breakdown by housing type shows that T3-T5 houses have similar prices (€7,730-€7,660/m²), while T1 apartments are more expensive than T2-T4 (€5,441/m² versus €4,994-€4,825/m²). The average price per square metre in Nice is 2% higher than in the department (€4,970/m²).
In terms of rents, Clameur data allows you to estimate rental prices by property type. More detailed information on rental rates over the last four quarters is available in the Clameur reports.
Overall, the Nice property market is showing stability after a period of growth. However, before deciding whether to buy or rent, it is advisable to consider the specific area and property type, as well as to consult the current offers from Fnaim professionals.
Over the last four quarters, the average rent for an apartment in Nice was 17 euros per square meter, showing an increase of 4% compared to the same period last year. It is important to note that this price does not include taxes. An analysis of the data by property type shows that the highest rents are for studio apartments (T1) - 21 euros/m², while two-room apartments (T2) are offered on average for 16 euros/m², and apartments with three or more rooms (T3 and above) - for 14 euros/m².
The dynamics of price growth over the year also differ depending on the type of housing: rent for T1 apartments increased by 6.3%, T2 by 2.3%, and T3 and above by 3.4%. A longer-term perspective covering the last 5 years shows more significant growth: +15.7% for T1, +4.3% for T2 and +6.6% for T3 and above. It is important to understand that the data presented reflects the median rent, not the average. This means that half of the offers on the market have rents below this value, and the other half have rents above this value, making this figure more representative of the overall picture of the market than the average, which can be distorted by extreme values.
Located in the Alpes-Maritimes department on the Côte d'Azur, Nice attracts with its dynamic lifestyle and high quality of the environment. Thanks to its geographical location, the city with a population of over 340,000 people has all the benefits of civilization available. Nice offers a rich cultural life with three theatres and eight cinemas, as well as many opportunities for sports and active recreation – 12 swimming pools, 21 sports halls and 22 stadiums will satisfy the needs of a wide range of categories of the population. The variety of shops (6,825 outlets) ensures comfortable shopping for everyone. 51 green areas spread throughout the city offer residents and visitors the opportunity to enjoy outdoor recreation, regardless of age and preferences – be it students, families or retirees. All this makes Nice an attractive place both for living and for real estate investment, guaranteeing a high quality of life and a comfortable environment.
