Property in Thiers
The vibrant quarter just south of Nice-Ville train station is perhaps the city’s current best investment area for two reasons. Thiers is currently the zone receiving the most infrastructure spending. And in terms of prices it has the most to gain.
Thiers occupies the area between avenue Durante and rue de Russie. It’s simply an extension of the upscale Musiciens quarter. It has the same bourgeois building stock (think cornicing, cage lifts and marble stairs) yet far lower prices per square metre. Plus dozens of hip new wine bars and cracking ethnic restaurants thrown in. Examples of the latter include Secrets de Lili on rue de Suisse, a contemporary Cantonese set up by the sister of a Michelin-trained chef.
The proximity to Nice-Ville station was once considered a hindrance. Now it’s seen as a boon. The train terminal is in the midst of a multi-million Euro overhaul, which will turn it into a state-of-the-art intermodal hub by late 2016. That means a seamless link between Tramway 1 and the renovated TGV concourse via brand-new pavements and piazzas.
Investment in the area is already apparent. The square outside the station was finished in 2015. New Auto Bleu, Vélo Bleu and Airport Bus stations sit alongside. The new glass cube Tourist Office also opened in 2015. The Notre-Dame Cathedral was restored in 2012. Renovated hotels and buildings abound. And new direct train services to Moscow (started in 2012) and Milan (started in 2015) join existing high-speed routes to Paris, Brussels and Genera.
Finally, Thiers will also benefit from Tramway 2. Nowhere in the zone will be more than an 8-minute walk from the new Jean-Médecin underground station on boulevard Victor Hugo. In terms of both long- and short-term rental income, the attractions of such a location are obvious.