The French Riviera is known for its particularly mild climate, heavenly beaches, sunny subtropical coast, modern highly developed infrastructure, famous Provencal and “la cuisine niçoise”, stunning natural beauty, beautiful architecture and many other advantages that characterize this elite region. But still the first thing associated with Cote d'Azur is prestige.
Real estate on the Cote d'Azur
Cote d'Azur can be compared to a diamond of the Mediterranean Sea, this most desirable jewel, perfect in beauty, quality and impeccable reliability. It does not derogate the beauty of numerous gems of the Mediterranean, however, as a diamond the French Riviera will be always beyond competition. Not surprisingly, real estate prices on the Cote d’Azur correspond to the high level of the Riviera and are the highest in the whole Mediterranean. Regardless of the global environment, global market indicators and crises prices of the real estate on the French Riviera grow steadily. Also, the real estate market here is characterized by all-time high liquidity, demand traditionally exceeds supply. European stability, the connection of all necessary elements for business such as economic system aimed at tourism, modern developed infrastructure, unique climate and multiculturalism make investing in real estate of the Cote d’Azur an ideal deal.
Real estate purchase on the Cote d'Azur
The main factor affecting real estate prices of the Cote d'Azur is the location, namely, belonging to the famous resort area, the proximity to the beaches, the sea view. Of course, floor space of villa, land area around it, presence of a well maintained garden, quality of building construction, additional facilities such as swimming pools, tennis courts, helipads, separate guest houses and maids’ rooms, private marinas also affect the price of the villa. For example, among offers of real estate located in Cap Ferrat and Cap d'Antibes, you can find villas with direct access to the sea, which price is between 10 and 30 thousand euros per sq.m. on average. Traditionally, the highest real estate prices are in Monaco, where basically there are offers of apartments, townhouses and sometimes even entire blocks of flats having from 10 to 25 floors. Price of such real estate in Monaco ranges from 30 to 50 thousand euros per sq.m.
While choosing a villa the average price range at which a buyer should get oriented is from one and half million to three million euros. Beautiful view from the windows or terraces may increase the price up to 30% of the average cost, so it is natural that the most expensive is a waterfront property.
At the same time, the uniqueness of the French Riviera is that even buying a house or a villa in the town or village in the Alpine foothills an owner can get a breathtaking panoramic views from the windows, sometimes covering the lion's share of the whole Riviera, including the beautiful emerald sea on one side and amazing mountain slopes on the other one. At the same time the perfect transport system makes it possible to reach every part of the Cote d'Azur in just a few minutes.
Another option for those who prefer less expensive recreation can be found in such beautiful cities of Cote d'Azur as Juan-les-Pins, Golfe-Juan and Antibes. Located on the Mediterranean shore, they have all the advantages of the French Riviera, including ancient history, beautiful nature, clean beaches, developed infrastructure, annual events and festivals and much more.
Nowadays the most expensive real estate offers can be found not in Cannes and not even in Monaco. Records are set with Saint-Tropez town which was a simple fishing village just in the early 20th century. Chosen by artists because of its beauty, it became famous after numerous movies had been filmed there and first became a favorite place for creative bohemians from France and then for others from the whole world. If in the last century mainly famous artists and movie stars used to buy real estate here, then nowadays the expensive real estate of Saint Tropez is in steady demand with residents of Western and Eastern Europe. Due to elitism of place and lack of land the concept of price ceiling in Saint-Tropez is very conditional. Historic, exclusive real estate in Saint Tropez can cost up to 25 – 50 million euros. It should be noted that it does not deter buyers at all.
Real estate purchase in the new housing market of Cote d'Azur
Obviously, in addition to the resale housing market the French Riviera also offers variants of objects under construction. Of course, the acquisition of real estate in the new housing market in France is absolutely safe, there are practically excluded cases of construction freeze, much less fraud. Standard situation which also shows a high level of confidence in the new real estate market on the Cote d'Azur is that by the time of completion of the construction of a new house all the apartments there are already sold out.
Buying apartments on the French Riviera, in the new real estate market, is advantageous in that term that there is a possibility of stage payments during the whole construction period, with around 5% of total cost usually paid at the time of booking reservation and 95% paid at the time of substantial completion. It is worth noting that construction time in the French Riviera normally does not exceed one year. In addition, a particular advantage of the acquisition of property in the new housing market is low government purchase tax paid to the notary. It is 2–3% of the cost of the property, as opposed to 7–8% when you buy real estate in the resale property market.
Rent a real estate on the Cote d'Azur
Rent a real estate on the Cote d'Azur is a win-win deal. On the one hand guests of the French Riviera, who for some reason or other cannot or do not want to buy property here, can always choose a villa, a house, an apartment to their liking to stay for weeks or months. On the other hand an owner of the real estate who rent it out has clients throughout the year and can receive a steady income from his property. In addition, the French government encourages owners who are ready to rent out their real estate in every possible way, thus, they pay less tax. Elite real estate on the Cote d’Azur is a real opportunity for an owner to get regular income.
It should be noted that, traditionally, real estate is very popular among tourists visiting the French Riviera. The vast majority of tourists from around the world prefer to live in a rented apartment or a villa rather than a hotel. And there are many real estate proposals which meet all kinds of demands on the Riviera. For example, rental apartments in Cannes can be both on daily rent and season rent. Saint-Tropez can offer villas and apartments for rent from relatively cheap to very expensive. Those people who are interested both in the capital of the Cote d’Azur itself and all Riviera like to stay in Nice because thanks to its location and convenient transportation infrastructure it is more convenient location to see around the Riviera. Mountain villages are for lovers of clean air, magnificent panoramic views and reasonable prices.
Cote d'Azur can offer a lot of options for its guests:
- rent villa on the Cote d'Azur
- rent apartments on the Cote d'Azur
- rent apartments on the Cote d'Azur
- rent flats on the Cote d'Azur
Real estate agency on the Cote d'Azur
Having many years’ experience our agency tried to create all the necessary conditions for successful investment of customer in stable real estate market of the Cote d’Azur. We are proud that we can confidently offer you our services in search and selection of the desired real estate. Consulting services of our professionals are essential in our work.
The process of selecting of the desired real estate whether it is buying a villa on the French Riviera or apartment rental, in our opinion, should bring joy and satisfaction to our customers. And the result should be exactly what the customer dreamt about.
Real estate agency on the French Riviera “Cote d'Azur Realty”
Please contact us and we will do our best to make your dreams about real estate on the elite French Riviera come true.