Overseas property buyers could make big material gains in Nimes, the home of denim, which is tipped as hottest real estate city in France, says Nicola Christinger, of the Home Hunts agency
It doesn’t take a jean-ious to find the next French property hotspot, says a leading agent.
Nimes – where denim originated – is currently the hottest city to watch in France, claims Nicola Christinger, Manager Provence for the Home Hunts agency – and overseas investors and trouser big profits.
Nimes has undergone a massive investment in its infrastructure over the past five years and is served by excellent transport links with an airport with daily flights to the UK and the high-speed TGV train to Paris in 2 hours 45 minutes.
“One of the main reasons that Nimes has become of interest to foreign buyers is a demand for more than just a sleepy village. Traditionally large towns such as Aix en Provence have provided primary homes and second homes, because of schools, shops, facilities and properties with an income.
“Nimes also offers both types of homes, with many buyers coming to live either in the centre of the city but also in the surrounding ‘Gardoise’ villages. The town centre has culture, vibrancy, charm and is a gastronomic heaven. I wouldn’t say it is necessarily better than other towns, it is just that it is now more on people’s radar to consider.”
The average house price is from €600,000-€900,000 and a three-bedroom apartment costs around €300,000. Character apartments in the historical centre (L’Ecusson) reach around €2,000 per square metre.
Included in Home Hunts listings is a four-bedroom villa in Nimes close to Tour Magne, in the centre of the city. The home costs €793,000 (£618,000) and includes a swimming pool and a 2,500-square metre landscaped garden.
International schooling is increasingly important for overseas buyers and the city offers a high standard through The Lycée Hemingway Nimes, says Ms Christinger.
The city is among the warmest cities in France. Nimes, which has a reputation for being among the most important Roman cities outside of Rome, is the area is rich in history with six major museums in the city centre, and Roman monuments such as les Arenes Roman amphitheatre that was constructed around 70AD. Today, it seats 16,000 spectators and is still used for concerts.
The material denim was initially called Serge de Nimes and was later shortened to denim.
Home Hunts specialises in luxury homes and investment properties throughout France, Monaco, Geneva, London, New York and Miami.
By Adrian Bishop, Editor, OPP Connect