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A Visit to Ceriana

zondag 22 maart 2009 20:20 door Jack Vanderwyk

An English friend of ours lives in Milan and wants to move closer to Nice, but she doesn't have a lot of money, so today we went to Ceriana to look at some affordable real estate. The little yellow house in the middle has about 800 square metres of land (left of the house, the terraces all the way to the road) and the owner asked € 35,000. Actual distance from Nice: 70 kilometres, about one hour drive.


The steepness can be a real problem if you don't have a (small) car, and especially in winter you need to be prepared for the possibility that you might not be able to leave the place in days.


A few miles to the south, near Foggia, you're able to see the Mediterranean Sea from your (one and only) window, but the real estate prices are about 25% higher because of it.


Ceriana in the distance - a little mediaeval town. A lot of people from France want to invest in property here, because it still is very cheap and it will become an outskirt of touristy San Remo within a few years.


Imagine, buying a place like this, just outside Ceriana, along the main route from San Remo, for € 45,000, investing another € 45,000 in it to restore the place, and you own a house that will be worth at least € 300,000 within three to five years, when the financial crisis is over. Quite a return, eh?

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