New measures presented for seasonal rentals in Nice - The Mayor of Nice, Christian Estrosi has presented new measures to regulate furnished tourist rentals in the city due to rising housing prices and limited supply for residents. Nice has over 13,000 active tourist rentals, with some neighbourhoods like Vieux-Nice and the Promenade des Anglais seeing up to 70% of properties owned by investors. Key changes include reducing the duration of temporary permits from 6 to 3 years, limiting primary residence rentals to 90 days a year, and requiring energy performance certificates. In high-demand neighbourhoods, permit quotas will be imposed, cutting the number issued by at least 50%. These measures aim to restore balance to the housing market and ensure affordable living for locals. The regulations are expected to be finalized by mid-May 2025.
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