The French Riviera, or Côte d’Azur, is the type of place that has an infinite supply of charm and will never cease to amaze people. Its cosmopolitan culture, the endless stretches of incredible beaches, the incredible local cuisine, and the 300 days of sunshine make it one of the most adored coastlines worldwide.
That attraction is the direct result of a constant demand for real estate, especially for the luxury segment of the property market. Both foreign and local real estate investors are constantly scouting for investment opportunities in this prestigious part of earthly heaven.
French Riviera Luxury Property in 2020
2019 was a good year for the luxury property market in the French Rivera. It wasn’t a year that set new records, but the demand was consistent throughout the year.
Same as other luxury hotspots across the world, the luxury property market was highly influenced by global political and economic forces. Even the US/China trade war didn’t shake the real estate market as many expected.
The biggest impact came from the presidency of Emanuel Macron that has been very welcoming to foreign investments. Many international investors recognized that welcoming attitude and felt encouraged to invest in the French Riviera real estate. And as expected, much of their interest was toward the luxury segment of the property market.
There is no reason to believe that the trend will not continue in 2020 as well. According to official government data and statistics, foreign investments in January were on the rise.
Where to Invest in the French Riviera?
If money is no object, then you are in luck as the French Riviera has a lot to offer. Every luxury real estate agency in the French Riviera will tell you that Monaco and Cannes are the top spots for luxury properties on the French Riviera. Both come with a near-perfect climate and you get to rub shoulders with sports stars, Hollywood stars, and the super-rich.
On the other hand, if you don’t want to be constantly in the thick of the jet-set lifestyle, you may want to consider Beausoleil which is at spitting distance from Monaco. There is a variety of luxury properties surrounded by breath-taking nature.
Furthermore, the high-end of the real estate market is also on the rise in the city of Nice, Cap d’Antibes, Èze, the Saint-Jean-Cap-Ferrat peninsula (situated between Monaco and Nice), Mougins, Roquebrune-Cap-Martin, Cap d’Ail, and Beaulieu Sur Mer.
Why Investors Love to Invest in the French Riviera?
The French Riviera high-end real estate market has been adored by real investors because of a few things. First of all, it is a place of prestige, class, old culture, and unique charm. It is the ultimate playground for the rich and famous. It attracts both old and new money, from Silicon Valley money to Russian oligarchs, and anyone in between with deep pockets.
Then there is security. The French legal system is one of the finest in the world and offers sufficient protection to both domestic and foreign investments. As mentioned earlier, the presidency of Emanuel Macron has solidified that even more.
Last but not least is the appreciation factor which is around 10% annually. There are no signs of slowing down or anything that might suggest that both in the short and the long run. Along with French Riviera, you can also look for luxury real estate properties in Cannes.