So you’re considering investing in Cannes real estate but you’re not sure how far your budget will go in this sunny city on the sea? Fear no more, this article will help you understand Cannes property prices by area.
One of the most popular cities in the world, property-wise Cannes has it all. From luxury beachside apartments to sprawling hillside villas, there is something for everyone in this dazzling resort. The city is divided up into several different residential neighbourhoods and real estate prices vary according to the size, location and quality of the property.
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Cannes Property Prices by Area
Sought-after and exclusive market
City-wide, the real estate market has remained relatively stable thanks to Cannes’ idyllic location on the Riviera and its wonderful Mediterranean climate. The most recent estimation of cost per m² in Cannes was set at 4988€ for apartments and 5170€ for villas, figures which are more than equivalent to London, New York and Paris.
As Beauchamp Estates focuses on the higher end of the market and predominantly the most desirable areas, our average cost per m² is higher, as explained below. Sought-after and exclusive, this is one housing market which shows no sign of slowing down anytime soon.
Prestigious Promenade de la Croisette
Market trends show that investors tend to prefer 2-3 bedroom apartments with a sea view within minutes of the city centre. Therefore the luxury residences which line the prestigious Promenade de la Croisette are some of the most attractive properties in the city. With breathtaking sea views and close proximity to the chic beachfront boutiques and restaurants, property prices in this area vary from 15,000 - 50,000€/m².
Located within minutes of the Croisette, the uniquely-named Banane district covers most of the city centre. Vibrant and welcoming, this neighbourhood is popular with investors looking to purchase property for use as summer rentals thanks to the nearby restaurants, bars and shops. Perfectly placed for easy access to the beaches and the Palais des Festivals, property in this area goes for 5,000 - 10,000€/m².
Picturesque Palm Beach
Located at the far end of the Croisette, the Palm Beach area is every bit as glamorous as its American counterpart. Much of the property here is set on the waterfront overlooking the beach and the Mediterranean. Quiet and residential but within walking distance of the city centre, properties in this neighbourhood sell for anything from 12,000 - 15,000€/m².
Select Super Cannes
Set in the hills around the city, Super Cannes is where you’ll find some of the newest and most luxurious properties in Cannes. Surrounded by peaceful countryside and blessed with sensational views over the Bay of Cannes, if you’re looking for a secluded private villa this is the neighbourhood for you. Prices here range from 5,000 - 20,000€/m².
Overlooking the Mediterranean, La Californie neighbourhood of Cannes has some of the best views in town. Within easy reach of the city centre, La Californie is set amongst the rolling hills around Cannes. Home to many art deco villas built during the roaring 20s, property here is both exclusive and in-demand. Apartments in La Californie sell for 8,000 - 30,000€/m² depending on size/location while villas are typically sold for 10,000 - 50,000€/m².
Excellent return on investment
As well as settling into a new home and making a life for yourself on the French Riviera, Cannes is a great choice if you’re planning to purchase residential property on a buy-to-let basis. Thanks to a year-round programme of international events, a highly desirable location and over 300 days of sunshine, luxury rental accommodation in Cannes is always in demand. With over 9 million visitors per year, whether you’re planning to use your future property for short or long term rentals, you’ll be looking at an excellent return on your initial investment.
Location and price - key factors
As with any property purchase, location and price will almost certainly be the 2 key factors behind your final decision. Of course, panoramic sea views, a magnificent outdoor pool or a stylish summer kitchen are all fabulous optional extras. But ultimately when it comes down to signing on the dotted line, location and pricing matter most.
If you’d like more information about Cannes property prices, please contact our Cannes real estate agency. We would be delighted to discuss your real estate requirements with you.
- Beauchamp Estates
- Meilleurs Agents
- La Cote Immo