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Nice property market in line for boost
Nice is soon to announce the official opening of its new tram line, providing easier access to the city’s main attractions for thousands of holidaymakers and property owners, writes Jo-ann Hodgson
A new tram line in Nice, the Capital of the Cote d'Azur, has taken over six years to build at a cost of 370 million euros and is due to relieve the weight of traffic which often swamps the city's stately avenues, boulevards and sweeping sea-front.
As with all new transport links, the new line will inevitably have a marked effect on the Nice property market, bringing more homes within easy access of the central shopping area and beach. Parking in the centre of Nice in the height of the tourist season has always been difficult but the new tram line will enable property owners to travel easily, with regular trams stopping every four minutes during rush hour.
"Nice has always been slightly cheaper than other areas along the French Riviera", says Serge Cowan, Director of Unique Living. "The tram could of course change things as it brings more homes into the catchment area of desirability."
With an airport a few miles west of Nice town centre, property in the Cote d'Azur is a realistic option for British buyers looking for a second home or buy-to-let property in an attractive and popular area of France.
"Without a doubt, the Cote d'Azur offers sophisticated living in an unrivalled location of natural beauty and understated distinctive architecture," says Cowen. "Investing in this part of France rarely fails to meet owners' optimistic goals of a beautiful home which will gain in value year-on-year."
A three-bedroom detached villa (pictured) with two garages in the town is currently on the market for 620,000 euros through Unique Living. The Nice property has south-facing, panoramic city and sea views and a swimming pool.
For those on a smaller budget, Agence Aragon is also marketing a two-bedroom apartment in the Nice Ouest area. The second-floor property is in a 1960s building and is priced at 195,000 euros.
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Article first published 19 November 2007


