Sextant Properties is a member of the SNPI (Syndicat National des Professionnels Immobiliers). We receive regular updates from them, and last week received an internal news update that may interest serious buyers. This news is relevant for potential investors in the Provence Cote d’Azur (PACA).
The rent index of the PACA region has increased by 58.8% over ten years from 1998 to 2008 and hasn’t stopped increasing…
But not all properties will generate the same profit margins:
|studio and one room||16|
|5 rooms and more||9.2|
As shown by the table, studio and 2 room apartments where the square meter costs around €16 and €12.6 are the most profitable kind of properties.
As shown by this map the PACA region is one of the regions where tenants stay longer and where investors are the most likely to have serious people renting their property.
Here is an example of studios that you could purchase in the PACA region: Ref 31466
|Deposit||5% Notary||Delivery date||3Q 2012|
Close to the port and beaches this beautiful 5 storey residence located in a charming Niçois district, near the luxury hilled quarter of Mont Boron offers 66 well equipped studio apartments of 19.05m2.
Each studio comes with:
– PVC roller blinds
– 3 point security locks on the front door
– A videophone
– Tiled bathrooms with heated towel rails and tiled floors.
The residence is few minutes from the old town, the port, the Gare Riquier, the TNL shopping centre and the St Jean d’Angely faculty, so it is ideally located.