Named the Vieux Ville...Old Nice has all the right ingredients for investment.
As you meander through the winding narrow
streets of the Vieux Ville in Nice, also known as the Old Nice, it is hard not
to feel like you have just been transported back in time as you soak in the
warm shades of sienna, yellows and ochre of the Baroque style buildings
quaintly dressed with their wooden French window shutters.
A unique ambiance unlike any other, the Old
Nice is a vibrant place that is full of small shops, bars au vin, pubs, brasseries and cozy
traditional Nicois restaurants (many of them family run) that are busy all
throughout the year. Tourists, students,
and locals alike continually flow through this area enjoying the colorful
scenery…just like the ones found on the postcards.
Housed under striped umbrella shades, the
iconic Cours Saleya famous for its fresh flower market, dotes many local
vendors selling their wares of locally grown produce, herbs and spices, artisan
cheeses and charcuteries as well as an incredible display of antiques on
Mondays. This is one of the most enjoyable areas to have lunch or a glass of
wine amidst the buzzing ambiance.
For these reasons, it comes as no surprise
that the Old Nice is an ideal place for rental investment properties. Banking on the steady stream of year round
tourism and an ideal location that is in walking distance to the beach, the
port, the city center, shops and restaurants makes for a very secure return on
rental income.
One and two bedroom furnished flats are ideal if you are looking to quickly begin making a return on your investment because they are highly sought out rentals either to tourists, students or locals. You can also find larger family style apartments that are very popular as vacation rentals.
The Old Nice is definitely an ideal place to consider if you are interested in growing your real estate portfolio quickly with the right ingredients for a secure investment.
