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Market Insight 2013

“French Riviera property buyers are able to combine a safe investment with luxury lifestyle factors.”

market-insight-2013

The Riviera

The French Riviera’s property market continues to attract a wealthy clientele and commands exceptional values. The revival in transactions seen by Beauchamp Estates since the last quarter of 2012 demonstrates ever-increasing confidence in the market.

Global demand has kept prices both elevated and stable in prime areas of Cannes, Cap d’Antibes, St Jean Cap Ferrat, St Tropez and, of course, Monaco. Demand continues to come from second home buyers in the Middle East, UK, and northern Europe with an increasing number of Russian-speaking clientele (around 60% of Beauchamp Estates’ clients).

Monaco commands some of the highest property prices in the world with homeowners attracted to its privacy, vibrant social life and favourable tax regime.

Cannes, with its famous Croisette, attracts around two million visitors a year. Along La Croisette, prices vary according to location, views, floor level and the standing of the residence, with the most exceptional homes generating substantial premiums. This is mirrored in La Californie which has some of the Riviera’s most spectacular sea views.

The Var and the Provence areas, offering charming properties hidden away amongst hundreds of hectares of land, magnificent vineyards, old converted barns and farms to

renovate are also attracting more of our clientele.

Location is key. A property located in a secure and residential area, at the right size, in a great location, with a view and at market price will ensure you a safe and sound investment.

Source: Beauchamp Estates

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