Buy a property in a prestigious tourist region

The Mediterranean climate still attracts as many tourists each year. Its high level of sunshine, more than 300 days a year, allows pleasant temperatures in all seasons, including winter, when temperatures rarely drop below 10°C. The rains occur during a few rare months in the year, allowing to enjoy the terraces and gardens for a long time, including in winter.

The famous beaches and coves of the French Riviera keep their appeal year after year: Pampelonne in Ramatuelle, the Garoupe in Cap d'Antibes, the fishermen's cove in Monaco, the Mala in Cap d'Ail...

For a holiday or rental investment option, a villa or apartment on the French Riviera has a real attraction. Similarly, luxury real estate on the Côte d'Azur has always kept its appeal and remains a growing market in an attractive geographical area. There are many summer activities and the celebrations are distinguished by their disproportionate size. The stars have taken up residence in the most famous cities of the French Riviera to enjoy the pleasures of life, attracting with them a crowd of curious people, eager to approach their idols or share a moment of celebration with them.

Buying your main residence in an economically dynamic region

While the Côte d'Azur depends mainly on tourism, the region also benefits from an undeniable economic attraction. The region is dynamic and business creation is growing steadily: +19.2% in 2018 compared to 16.9% at the national level. The high-tech, transportation and service sectors are among the big winners.

Moving to the Côte d'Azur can thus be motivated by the search for a new job. Real estate investment is of great interest here. Many Parisians, tired of stressful city life, have chosen to move to the southeast in order to enjoy both the pleasant climate and the economic opportunities offered by the region. The attractiveness of the living environment is one of the main reasons given by those who took the plunge.

From a rental point of view, the region is dynamic and some cities are doing well, such as Monaco and its many events, but it is above all the city of Cannes, famous for its film festival but which also offers many professional congresses throughout the year: in fact, in Cannes, it is 300 days of congresses per year that attract delegates from all over the world. Investing in a villa or apartment with a view to rent it during the congresses in Cannes is therefore a wise choice. Do not neglect the formalities and think about the appropriate lease contract for renting at conventions.

Buying a rental property in a region of contrast

When you think of the French Riviera, the image that arises is the beach and the Mediterranean Sea. However, the Alpes-Maritimes department also offers an alpine massif in its name and hinterland. A few kilometres from the seaside, the landscapes change completely and arriving in the middle of the mountains does not take long.

Winter is a great time to celebrate and winter sports enthusiasts will be delighted to be able to ski less than 1h30 away from major cities such as Nice, Monaco and Cannes. Isola 2000 and Auron are the most famous ski resorts and their exceptional snow cover makes them a sure bet for a rental property investment. Thus, enjoying the mountains at weekends is a very common leisure activity in the region. During the holidays, renting your apartment in the mountains is very easy and is quickly profitable.

A lease contract specialising in short-term rentals of this type is an important and relatively unconstraining administrative formality once the habit is established. Investing in the mountains is a good opportunity for the real estate investor. When you settle in the region by buying your main villa, the combined accessibility of the sea and the mountains is a very important asset.

The Côte d'Azur, a guaranteed real estate investment

When you ask the Côte d'Azur notaries, they are formal: the real estate market is very strong on the French Riviera. For several years now, they have been seeing an increase in sales volumes despite higher prices on the market of existing properties.

This dynamic market continues to grow, despite longer transaction times. Prices are rising, between 7% for villas and 16% for apartments. The existing properties are most popular, the newly built properties suffer from falling prices but the top of the range is still doing well by offering luxury services much sought-after by foreign investors: luxury concierge services, spa, rooftop villas, sports hall, garages for several vehicles, etc. However, they recommend that a thorough inventory of fixtures be carried out before acquisition in order to avoid disputes. Low real estate rates allow the market to develop and grow.