Sea view from the terrace of an apartment on the Promenade des Anglais in Nice, France.
Month after month, following the spread of the financial and economic crisis worldwide, real estate is more than ever the sector where to invest, as a secured haven…
We actively attended to the major international real estate conventions last autumn, from San Diego (California), Thessalonica and Brussels up to Macau, and very latelyon December 7-8 in Paris, for the international convention organized during the FNAIM congress, which did welcome professional delegates from 29 different countries.
Meeting in various workshops, we devised on the international real estate markets and their respective future. Everyone felt reasonably optimistic as the sector is recovering and even improving worldwide – especially since the sales significantly went up anew in the United States, the place itself where the crisis originated.
At the same time, Dubai announced suddenly that the bankruptcy was looming. There is a drastic need for fresh money not to stop for good the construction activity on those gigantic estate developments which easily compare with ancient pharaoh projects, on a land where everything is illusion.
This situation can only remind us of the three golden rules in real estate investment:
1 the location first, 2 the location again, 3 the location finally!
But those buyers who are investing like they would gamble in a casino should know very well that they have big chances to loose big amounts of money. What makes a location unique and special is the quality of its environment, combined with an easy access, quality community services immediately available, especially for health care, personal safety, living in a stable country enjoying a sustainable economic development…
And we should not forget a rich culture. The French Riviera is obviously offering such a subtle and complex mix of expectations, with a unique comprehensive consumer protection for safe transactions in France. The constant lack of available housing in France guarantee the price value
of the properties, without being affected by speculative bubbles as it happened elsewhere recently.
In this context, the Promenade des Anglais –and the whole seaside stretch of the city of Nice, itself under a very promising renewal program, is definitely the number 1 place to make a quality investment bearing fruits for the future.
