property in the south of France

[thetallfairy]

my dream is to buy a flat in Nice

It would be an absolute dream come through

I have been working so hard over the past few years and was given some money by my family

I am very lucky to have this chance and would hope to get a small not too fancy place for around 300k euros

anyone been in my shoes `???

thanks

You chose a Spanish gif?

How well do you know Nice? Do you speak French?

well I speak Spanish (and learning French now too)

Last month you started a thread about wanting a flat in Paris and by the end of the thread agreed that best to just get an air BnB for a few weeks a year.

same applies to this latest idea @thetallfairy

learning it at the moment

my siblings are fluent and will be helping me out

been to Nice 5 times love it

hoping for something close to the sea or the port if we are lucky

ah come on !!!

seriously

so far so much hate

I posted this less than 5 minutes ago

what does that say???

my goodness

Would you move there permanently or rent it out?

OP, look into the taxes you would have to pay. There's taxe foncière, land tax, and taxe d’habitation, residence tax.

As Nice is a Zone Tendue, a high-tension area, the municipality can add a surcharge of up to 60% on to the tax bill for a second home, if that is what it would be.

Edited for clarity

Oh your previous Paris thread you said you were “fluent in French”

Over and out🙄

would have it for June July and august

my siblings would use it too

and we would go at xmas

You have started multiple threads about buying a flat in France (previously Spain or Portugal)

and the advice is always the same. Don’t. And by the end you always say that yes you’ll just get air bnbs.

and the story changes… one minute you’re fluent in french. The next you’re learning. And so on.

anyway I’ll leave you to start yet another one!

oh my goodness ok

wow !!

had not realised

like are you for real?

that's not even a response

Look on Rightmove
Anything with a seaview will be more expensive. Also 3 months a year at the hottest time? Seems a waste of money and be prepared for tears if loaning it out. All MN knows that lending property/money ends in tears 99% of the time

More real than yet another of your threads talking about buying somewhere in Spain / Portugal / Paris and now Nice 😂

ah now

having a slow day are we???

Do you have French family or heritage?
What would happen, would the flat stand empty or have transient visitors when you were not there?
French locals deserve to buy within their neighbourhoods and have community. I wish European governments would clamp down on British migrants and landowners.

well I'm not British for a start

I have an EU passport

siblings would stay there too when I am not there

will keep on looking

thanks to some of the responses on here

to the rest of you : GET A LIFE

Ok, I have one. Massive headache as French love paperwork.

Theres loads of admin, tax foncier and dax d'habitation. Get a good will sorted as french laws without one is a mess.

Be mindful that when things go wrong with it, it can be difficult to get trades in (very difficult in my area in France). I just havent for the contacts as i do in the uk.

BUT when I do go to stay, I absolutely love , love, love it.

My DP had a little apartment in Nice on the Avenue de la Californie, second line from the Promenade des Anglais. He bought it with an inheritance and it was an investment. Let out full time and that worked ok for a while, but it obviously couldn't be used by us or family.

Then he stopped the rentals and we could use it, but honestly it was not used enough due to our time constraints, and when it was used we had to have it opened up, cleaned, linens done and the same after we left. That didn't come cheap. Add to that the service charge/management fee (gestion), utility bills, then the taxes mentioned above etc. In the end, it cost more to keep than to sell, which is what he did and everyone is happy now. We can still go to Nice but without the responsibilities! He had it for ten years and made around 15k profit on the sale, and CGT/lawyers/notaire/taxes/estate agent fee/ was paid on that. Not much left then!

When it was let out, the taxes were fierce, income tax both in France and at home (double tax credits did apply but it needed a French tax accountant as neither of us, despite speaking French adequately could follow bureaucratic business French at all!). Then a bit of help with the home tax returns. He was making a loss. But that was a lesson learned, and why he stopped rentals, and in the end sold it.

We could afford something like that abroad now, but not a chance would we do it. Unless we were moving permanently, but we're not!

I think a good starting point would be to google " protests in (insert place) against Airbnb"

This from last year about Nice does indicate a small protest, but it should give a good "feel" about the mood.

10th September protests: Minimal turnout in Nice contrasts sharply with Paris unrest - Monaco Life

And yes, you might not be planning to Airbnb, but a holiday home is a lot different to moving there full time.

Do it. Don't do it. Why should we care?

Giving information helps though! You gave nothing away initially in regards to whether you have EU citizenship or not or whether you were planning a permanent move or not. Unless you are and the siblings are going to live in it year round between you then I wouldn't bother, you'll piss the locals off and if you let it stand abandoned mostly you run the risk of break ins, squatters, burst pipes etc. You need to attend an empty property regularly.