Affordable Property in Nice: 28 m Apartment Listed for €52,000
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A remarkably affordable property prospect has emerged in Nice, France, with a 28 square meter apartment currently listed for €52,000. The listing, noted for its good condition, presents a perhaps attractive entry point into the competitive French real estate market, notably for first-time buyers or those seeking a compact investment property.
The Rising cost of Property in the Côte d’Azur
The Côte d’Azur, including Nice, has long been a desirable location for both domestic and international buyers, driving up property values substantially in recent decades.Finding properties under €60,000 is becoming increasingly rare, making this listing particularly noteworthy. While the size of the apartment is modest,its reported condition suggests it may require minimal immediate renovation costs.
Key Details of the Listing
The property, measuring 28 m, is described as being in good condition. This implies a level of habitability that avoids the substantial expenses often associated with fixer-uppers. A notable benefit to potential buyers is that fees are payable by the seller, a detail that can represent a considerable saving, typically ranging from 7-8% of the purchase price in France.
What: A 28 square meter apartment in Nice, France, is listed for €52,000. The property is in good condition and the seller covers buyer’s fees. Who: The listing targets first-time buyers, investors, students, and those seeking a pied-à-terre. Why: The listing is significant due to the increasingly rare availability of properties under €60,000 in the Côte d’Azur. How: The listing is available through real estate platforms and agents, identified by a reference number for easy inquiry.
Implications for Buyers and Investors
This listing could appeal to a variety of buyers. Students,young professionals,or individuals seeking a pied-à-terre in Nice could find the apartment suitable. Investors might also consider the property as a potential rental income source, although yields on smaller apartments in prime locations can vary.
- The compact size suggests lower property taxes.
- The seller-paid fees reduce the upfront financial burden.
- The location in Nice offers access to tourism and local amenities.
Understanding the Reference number
The listing includes a reference number (“Ref.”) which is standard practice in real estate listings. This number allows potential buyers to easily identify and inquire about the specific property with the listing agent or platform. It streamlines communication and ensures clarity in the transaction process.
This listing represents a potentially significant opportunity in a highly sought-after market,offering a relatively affordable entry point for those seeking a foothold in the vibrant city of Nice.
