The Real Estate Market in Alpes-Maritimes
Located in the far southeast of France, bordering Monaco and Italy, in the beautiful region of Provence-Alpes-Côte d’Azur (PACA), the department of Alpes-Maritimes is a highly sought-after place, especially by individuals looking for a second home and retirees seeking a better quality of life. Nice is known to be a very welcoming city for retirees, thanks to its exceptional living environment! The real estate market in this French region is as dynamic as it is varied, offering everything at all prices!
In Alpes-Maritimes, people are looking for:
- Villas with pools
- Alpine chalets and wooden houses
- Provençal farmhouses
- Properties by the sea
- Apartments in the city
Price per Square Meter in Alpes-Maritimes
Above the French average, house prices in the Alpes Maritimes vary depending on the location, the condition of the property and its characteristics. In 2024, the average price per square meter for a house in the region is between €3,900 and €7,900, with an average price of around €5,200. But in some localities, especially around Monaco and on the Saint-Jean-Cap Ferrat peninsula, prices can go up to €22,000 per m2!
The most expensive properties are located on the coast, mainly around Cannes, Nice and especially Monaco, but also near Saint-Etienne-de-Tinée, in the very north of the department. The most expensive city is Saint-Jean-Cap-Ferrat (€16,000 on average per m2)), followed by Eze (€10,000 on average per m2). The other municipalities on the coast and Saint-Etienne-de-Tinée have an average price of around €7,000 per square metre.
At the lowest, some localities, further inland, have averages around 2000€ per m2.
Evolution of Real Estate Prices in Alpes-Maritimes
Contrary to many French departments, the real estate market in Alpes-Maritimes has been very stable over the past 10 years. The inevitable price increase that occurred during the pandemic remained very reasonable (especially compared to the neighboring Var).
If the department follows the national trend, prices should decrease in 2024, but beware, this decline does not affect all properties! What we call the real estate market is actually a multitude of small markets, divided by location or type of property, and not all are necessarily impacted by the crisis!
In Summary: A Diverse and Interesting Department
While some locations have very high prices per square meter, others are much more profitable and offer excellent investment opportunities, whether for buying a second home, seasonal rental, or your future primary residence in the south! In any case, you will not regret the region, one of the most diverse and pleasant to live in France!
