What was real estate like in Nice in the 80s?

🏘️ From the time of the bursts of optimism in the 80s to the present day, the real estate market in Nice has undergone a striking transformation! Prices were as sweet as a ray of sunshine☀️. The market was characterized by affordable prices, in line with the income of the time. It took 📈 about 4 to 5 years of income to buy an apartment in Nice, even though borrowing rates often exceeded 10%!

Here are some estimates of prices per m2 per district with equivalent in “Franc/euros” at that time:

👉Old Nice: Average price per m2 between €1,000 and €2,000. A 50 m2 apartment could range between €50,000 and €100,000.

👉Carré d’Or: Average price per m2 between €1,500 and €3,000. A 50 m2 apartment could range between €75,000 and €150,000.

👉Port of Nice: Average price per m2 between €800 and €1,500. A 50 m2 apartment could range between €40,000 and €75,000.

👉Cimiez: Average price per m2 between €1,200 and €2,500. A 50 m2 apartment could range from €60,000 to €125,000.

👉Mont Boron: Average price per m2 between €1,800 and €3,500. A 50 m2 apartment could range from €90,000 to €175,000.

🏠 In 2024, the real estate landscape has changed a lot. The city of Nice too and thanks or because of its assets, its weather and the development of its international airport, prices have skyrocketed, far exceeding the growth in the average incomes of its inhabitants. It now takes about 10 years of income or more to acquire a property in our city.

💼 Despite these price peculiarities compared to the rest of France, the timeless beauty of the Côte d’Azur and especially its capital Nice continues to seduce buyers from all over the world. 🌴

Quiz: Do you recognize the place where the photo was taken?

Join The Discussion

Compare listings

Compare