"Nice Promenade des Anglais area: Estimate: Price per m²"
REAL ESTATE Nice PROMENADE
The Promenade des Anglais in Nice is not only a symbol of the city but also a testament to its history and development as an international destination. The Royal Luxembourg, located at 7 Promenade des Anglais, exemplifies one aspect of the neighborhood's evolution with its prime location and remarkable real estate prices. In 2020, this property was sold at average prices ranging from €9,500/m² to €12,500/m², reaching up to €16,862/m².
The History and Evolution of the Promenade des Anglais
The history of the Promenade des Anglais begins in the 1820s when English expatriates settled in Nice and decided to fund the construction of a path along the sea, allowing people to enjoy the sea breeze and the view of the Baie des Anges. This initiative made the city an increasingly popular destination for aristocrats and British travelers fleeing the harsh winters of their homeland.
Over the years, the promenade was expanded and paved, particularly in 1844, transforming it into a true boulevard. The widening attracted a more varied clientele, and the avenue became a gathering place for European elites, which led to the construction of many luxury hotels and villas along the coast.
The Golden Age of the Belle Époque
During the Belle Époque, the Promenade des Anglais became the central hub of the city, welcoming prestigious international visitors. The Negresco Hotel, emblematic of this era, opened in 1913, representing the luxury and elegance of the promenade. Buildings in Art Deco and Belle Époque styles adorned the seafront.
Modernization and Recent Evolution
In the 2000s, a major modernization project for the Promenade was launched. Pedestrian areas were expanded, new bike lanes were created, and green spaces were developed, enhancing the appeal of the area while preserving its heritage. Real estate prices, like those for the Royal Luxembourg, saw significant increases with the growth of the luxury real estate market, particularly in the most sought-after areas of the promenade.
Today, the Promenade des Anglais
Today, the Promenade des Anglais is a must-see location for both the locals and visitors of Nice. The popularity of this area is reflected in the property prices, which are among the highest in the city. Seafront residences and luxury hotels are highly sought after, and the Royal Luxembourg is a perfect example of this phenomenon, with a sale price exceeding €16,000/m² for a property located right in the heart of this iconic area.
The Promenade des Anglais embodies the history of Nice
The Promenade des Anglais embodies the history of Nice and its evolution from a European seaside resort to an international luxury tourist center. It symbolizes the elegance and prestige of the city, with its architecture, events, and high-end residences. Through projects like the Royal Luxembourg, the promenade continues to reflect the attractiveness of Nice and its place on the map of Mediterranean luxury destinations
