500 Words on Real Estate in Nice
Volume XXI, Issue 1
It’s so amazing that in today’s world, we no longer need our own brains because we have the brains of computers and apps. Ella Dyer’s husband, Jody, was showing off his openai.com app, called ChatGPT, that could literally write our publications for me. Ella is one of our premier search consultants in Nice. Jody is a retired guy with lots of brilliant ideas. So, over dinner, he demonstrated his new app.
Using Siri, he dictated to the app: “Give me 500 words on real estate in Nice France. ” Here’s what it wrote back:
“Nice is a popular tourist destination on the French Riviera and is known for its sunny weather, beautiful beaches, and cultural attractions. The city is also a popular place to buy real estate, as it offers a high quality of life and is a good investment opportunity.
The real estate market in Nice is diverse, with a range of properties available to suit different budgets and preferences. The city has a mix of modern apartments and traditional French houses, and there are properties available in both the city center and in the surrounding suburbs. Prices for real estate in Nice vary depending on the location and condition of the property, but on average, apartments in the city center cost around €5,000-€7,000 per square meter, while houses in the suburbs can cost up to €10,000 per square meter.
One of the most popular neighborhoods in Nice for real estate is the Old Town (Vieux-Nice), which is known for its narrow streets, colorful houses, and bustling markets. This area is popular with tourists and has a lively atmosphere, making it a good choice for those looking to rent out their property. Other popular neighborhoods for real estate in Nice include the Musiciens neighborhood, which is known for its art deco buildings, and the Mont Boron neighborhood, which is located on a hill overlooking the city and offers panoramic views.
There are also a number of new developments in Nice, including luxury apartments and townhouses. These properties tend to be more expensive, but they offer modern amenities and are often located in desirable areas.
In terms of the real estate market in Nice, demand is high, especially for properties in the city center and in popular neighborhoods. The city is a popular destination for both tourists and residents, and as a result, there is a strong rental market. This can be a good opportunity for investors looking to buy a property in Nice and rent it out.
The process of buying real estate in France is similar to other countries, but there are some specific regulations and requirements that buyers should be aware of. For example, buyers are required to pay stamp duty (taxe d’habitation) on the purchase of a property, and there are also restrictions on foreign ownership of real estate in some areas. It is advisable to seek the advice of a lawyer or real estate agent when buying property in France to ensure that the process goes smoothly.
In conclusion, Nice is a popular and desirable location for real estate, with a range of properties available to suit different budgets and preferences. The city has a strong rental market, making it a good opportunity for investors, and the process of buying property in France is similar to other countries, although there are some specific regulations and requirements that buyers should be aware of.”
My response to this was that it was 95% correct, but has its failings. For example, this statement is false: “For example, buyers are required to pay stamp duty (taxe d’habitation) on the purchase of a property, and there are also restrictions on foreign ownership of real estate in some areas.” The correction to that statement is: “For example, buyers are required to pay notarial taxes and fees on the purchase of a property, and there are no restrictions on foreign ownership of real estate.”
However, I was pleasantly surprised to see that even a computer-generated article recognizes our value!: “It is advisable to seek the advice of a lawyer or real estate agent when buying property in France to ensure that the process goes smoothly.”
I was also surprised that the app didn’t mention the Carré d’Or as the most desirable area in Nice, because it is the city’s most expensive property. So, I asked the app again, “What about including the Carré d’ Or?”
And this is what it dictated back:
“The Carré d’Or (Golden Square) is a prestigious neighborhood in Nice that is known for its luxury real estate and upscale shopping. It is located in the city center and is home to many of the city’s most expensive properties.
The Carré d’Or is bordered by the Promenade des Anglais, the main boulevard in Nice, and the beach. It is a highly sought-after location due to its central location and proximity to the sea, as well as its many amenities, including high-end shops, restaurants, and hotels.
Properties in the Carré d’Or tend to be more expensive than other areas of Nice, with apartments in the neighborhood costing around €10,000-€15,000 per square meter. Many of the properties in the Carré d’Or are luxury apartments and penthouses with high-end finishes and amenities, such as private pools, rooftop terraces, and concierge services.
The real estate market in the Carré d’Or is highly competitive, and properties in the neighborhood tend to sell quickly. The area is popular with both locals and tourists, and as a result, there is a strong rental market for properties in the Carré d’Or.
In conclusion, the Carré d’Or is a prestigious and desirable neighborhood in Nice known for its luxury real estate and upscale shopping. Properties in the area tend to be more expensive than other areas of the city, but offer high-end finishes and amenities. The real estate market in the Carré d’Or is highly competitive, with properties in the neighborhood selling quickly.”
ChatGPT basically got it right. I couldn’t have said it better myself, albeit the information is very general. Don’t worry, I don’t envision letting an app like ChatGPT do my thinking or writing for me, even in this technologically advanced world of 2023! It’s the research and then the writing that is not only pleasurable, but enlightening for me, and necessary…like exercising daily. That’s what researching and writing are for me, so I wouldn’t want ChatGPT to take my job away from me!
That being said, as of this week, Le Palais du Soleil in the Carré d’Or is 99.9% ready for occupancy. At this writing, a few things have yet to be installed—balcony furniture, a couple of paintings, a few occasional tables (our antique coffee table was stolen!), shades on the atelier wall, etc. Otherwise it’s stocked and ready for the first owners to arrive.
They are going to LOVE IT! We all love it! It’s bright, happy, and comfortable and the views are sensational from inside the apartment as well as from the balconies. I love it so much, that I left a note on the door of the neighbor’s one floor above to see if they would like to sell their apartment…so I can buy it! This is no joke!
When I took photos at the end of the day yesterday, the sun was starting to come down and didn’t show off the brightness of the apartment as well as I would have liked, but you can still get an idea of the brilliant job Martine di Mattéo did with her Niçois contractor and her carpentry wizard from Paris who did all the built-ins!
Properties like this are hard to find—we looked for a couple of years before finding this jewel, and I can tell you that a complete renovation like this, done to the highest of standards, is not inexpensive…but worth it!
More like this is on the way…so stay tuned! And if interested in Fractional Ownership, be sure to email us.
If you want a place of your own in Nice, we’re here to make that happen for you!
The Adrian Leeds Group®
Adrian reading 500 words on real estate in Nice with company mascot, Simone Dyer
P.S. We were among the first expat real estate agencies to provide services for North Americans seeking to move to France or invest in French property. We have years of experience as well as relationships with top industry experts to help you with everything related to French property. Please visit our Services page for the full range of assistance we’re able to provide.
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