Cote d’azur — strip the Mediterranean coast, stretching from Marseille to the East through the Principality of Monaco to the Italian border. This is one of the most prestigious holiday destinations in the world and the most expensive real estate market in France after Paris.
Over the last 10 years property prices of the Cote d’azur increased by 60-80 %, but with the outbreak of the crisis began to decrease. According to NiceMatin.Com in 2013, housing on the Cote d’azur fell to 3-6 %. The exception was the fashionable Eastern part of coast including the territory from Villefranche-sur-Mer to Roquebrune — cap-Martin. Where prices rose 1 %.
Main groups of buyers on the Cote d’azur — citizens of the CIS countries, the Middle East, as well as the British
Says Eva Zaytsev, agent of real estate company Engel & Völkers: “Most of our clients are foreigners who are looking for a house or apartment with sea view for seasonal residence. They prefer to invest in real estate located in the most exclusive locations, guaranteed demand. Cap Ferrat, Beaulieu, Villefranche and cap d’ail are the perfect solution. In most cases, our clients gain a renovated home, ready to move in, as they do not want to waste time on repairs, I don’t know French language and are not familiar with local experts in the field of construction”.
The expert recommends to consider houses under repair, as they are much cheaper costs. Such housing can be turned into a “dream home”, was created by an individual project using materials selected according to your taste. The average cost of repair is estimated at 1 500 – 3 000 Euro/m2.
According MeilleursAgents.Com among the resorts of the côte d’azur is the most expensive real estate in Saint-Jean-cap-Ferrat, Saint-Tropez, Eze, Beaulieu-sur-Mer, Villefranche and cap d’ail: the cost of apartments is more than 12 thousand Euro/m2. It is worth considering that when you buy you can offer 10-15% less than the stated value.
| The city | Apartments | Home |
|---|---|---|
| Antibes | 7 689 | 12 260 |
| Bandol | 7 412 | 7 878 |
| Beaulieu-sur-Mer | 12 877 | 21 445 |
| Beausoleil | 9 686 | 12 931 |
| Vance | 5 008 | 6 531 |
| Villefranche | 12 545 | 26 688 |
| Gras | 4 146 | 6 289 |
| Yer | 5 943 | 6 625 |
| Cannes | 12 340 | 14 486 |
| Cagnes-sur-Mer | 5 752 | 6 461 |
| Cap-d’ail | 12 378 | 25 530 |
| Cassis | 8 710 | 10 251 |
| La-Seine-sur-Mer | 4 559 | 5 056 |
| La Ciotat | 6 101 | 6 399 |
| Le Cannet | 6 305 | 7 175 |
| Le Lavandou | 7 717 | 11 005 |
| Mandelieu-La-Napoule | 7 633 | 9 134 |
| Marseille | 5 889 | 7 612 |
| Menton | 7 844 | 9 189 |
| Mougins | 6 929 | 10 549 |
| Nice | 7 013 | 8 591 |
| Ramatuelle | 6 026 | 35 962 |
| Roquebrune — Cap-Martin | 11 305 | 19 737 |
| Sanary-sur-Mer | 7 040 | 7 819 |
| Saint-Jean-Cap-Ferrat | 17 999 | 33 596 |
| Saint-Raphaël | 7 045 | 8 262 |
| Sainte-Maxime | 7 105 | 12 164 |
| Saint-Tropez | 15 212 | 33 019 |
| Toulon | 4 057 | 4 805 |
| Frejus | 6 155 | 5 684 |
| Ez | 13 459 | 19 122 |
In fact, Marseilles foreigners rarely buy a resort property. This is a big and bustling city with lots of immigrants and all the attendant problems. Buy housing for travelers is better in small coastal towns, located further East along the coast.
In 2013, Marseille was the cultural capital of Europe
Marseille is popular housing in the area between the street Paradis and the coast, especially the neighborhood of La Corniche. The buildings at the Park Malabo overlooking the Bay, prices per square meter reach 8 thousand euros. The crisis has not touched the district of Saint Barnabas is in the 12th district, where housing for sale 2 600 – 3 600 Euro/m2, rare objects — over 4000 EUR/m2. The benefits of this area — “rural spirit” (esprit village), as I like to say the French, and the presence of the metro to the city centre can be reached in a few minutes. The Old port area are also in demand, real estate there is worth 5-6 thousand Euro/m2. Neighborhoods of La Joliette and La Caplet capital rebuilt. By 2015 the program Euroméditerranée here will be built 4 000 new housing units and another $ 6,000 will be repaired.
In 2012-2013, property prices in Marseille have fallen by 8-15 %, the sales volume decreased by 20-22 %. The greatest demand is for objects less than 250 thousand euros, they also sell first.
Cassis is a town located approximately 20 km East of Marseille where it is possible to travel regularly by car for shopping and entertainment. The famous Cassis coastal cliffs, small coves, as well as wines produced in the area. “In Cassis high quality of life. Here you feel yourself like in Paradise. The city is, how expensive modern shops and traditional meat and cheese shop. Not enough Parking spaces, however, it is a problem in many French cities”,— stated in the review on the website Ville-Ideale.Com.
In La Ciotat has seen many famous people, such as writers Alphonse de Lamartine and Stendhal, as well as the artist Georges Braque
28 km from La Ciotat to Bandol is. “The city is served by four free bus lines. Bandol — the city is a pioneer in the field of recycling. From 2008 to 2013 the crime rate here fell by half. It is a safe city with good schools, attractive beaches and luxurious sea views. But tourists looking for quality rest and entertainment, nothing to do here. Youth in Bandol will be bored”,— stated in the reviews Ville-Ideale.Com.
Many who left comments on this website recommend instead of Bandol to choose to stay Sanary-sur-Mer — this town will be more interesting to fans of active rest, because it has a great variety in terms of entertainment. “Sanary — Paradise, everything is provided for recreation of pensioners and families with children. The infrastructure is good: there is a swimming pool, library, theater, Playground. I wish all cities in France were such as Sanary”— says a local resident.
One of the cheapest cities of the côte d’azur — Toulon. Square meter for apartments in the lowest price category here is an average 2 – 2,5 thousand euros. Apartments expensive sold about 4 thousand Euro/m2. Home prices start from 250-350 thousand Euro. Low price due to the fact that in Toulon, not everything went smoothly in terms of security. “This is a very large (by French standards) town, but not the safest there are problems with immigrants,” says Maria Decanska, a company spokesman Michaël Zingraf Real Estate — Christie’s.
Toulon suffered greatly during the Second world war, however, the old part of the city survived
For the purchase of apartments suitable neighborhoods of La Race, Le Pont du Las, Saint-Roch and Saint-Jean-du-var, for the purchase of houses — Clara and Sible. There is number of trades among all the districts of Toulon.
To the East of the port, in the district of Saint-Jean-du-var, apartment of 50 m2 sold at a price of 95-120 thousand euros. Housing in the popular quarter of Pont-du-Las only costs 1 800 Euro/m2. Property in the vicinity of the Boulevard of Strasbourg is sold for 1 900 – 2 300 Euro/m2, a little more expensive (3000 euros/m2) are flat in the quarter Morion, East of Toulon. Cheap apartments are mostly interested in the locals, foreigners prefer better and more expensive housing. In Toulon housing prices is equal to the area in the same building can vary depending on the floor and having views of the sea.
20 km from Toulon hyères is the oldest resort on the Cote d’azur, a pretty and quiet town with beautiful beaches. It became a fashionable resort thanks to the natural protection from the Mistral — a cold North-West wind blowing on the Mediterranean. Directly opposite the city lie the îles d’hyères Levant, Porquerolles and port-CROs. In hyères at different times the rest of the writers Leo Tolstoy and Robert Louis Stevenson, and Queen Victoria.
In summer there are many tourists on the roads traffic jams occur, it is difficult to leave the city and enter it. Local preferred to avoid the yer, like many small towns of the Cote d’azur because it has everything for tourists and retirees, but to the average Frenchman no job, and too high prices for goods and services. Housing in hyères is an average of 6-6,6 thousand Euro/m2.
The name “Le Lavandou” is associated with lavender, but it means “Laundry on the shore”
20 km East of hyères is the city of Le Lavandou, which is known for sandy beaches of high quality. “Among the advantages of Le Lavandou — beautiful scenery, wonderful sea, wonderful beaches and a pleasant climate. Particularly good areas Praskie and the cavalier. But there are drawbacks: the active life in the city is only summer, winter, everything stops, because it is dominated by holiday homes, which live only during vacations. Such housing owned by mainly foreigners and wealthy French from other regions, local residents here a little”,— says one of the site visitors Ville-Ideale.Com.
Ramatuelle, a small town with 3 thousand inhabitants, is called “front of Saint-Tropez” (antichambre de Saint-Tropez). It is West of Saint-Tropez and attracts fans of quiet rest away from the noisy parties. Ramatuelle’s vineyards, narrow streets, the Cathedral of Notre-Dame, XIV century, the fortress wall and beautiful beaches near the ivy-covered rocks. High demand in Ramatuelle use of the house located near the beaches. Local mansions similar to those found in Saint Tropez, they have a large panoramic window overlooking the terrace. However, the price is much lower, thus, similar villas in Saint-Tropez and Ramatuelle are 10 million and 6 million euros respectively.
In Saint-Tropez was filmed about the adventures of a gendarme with Louis de Funes in the title role
According MeilleursAgents.Com one of the most expensive cost of real estate resorts on the French Riviera is Saint Tropez. Apartments in the highest price range sold in an average of 15 thousand Euro/m2, house — for 33 thousand Euro/m2. During the crisis, the market of Saint-Tropez suffered greatly, as the prices were artificially inflated, but now the trend is to increase. In this city and buy real estate mainly for vacation; objects that are used for permanent residence, is not enough. Among the buyers dominated by the French. Russians buy in Saint-Tropez mainly premium real estate. For example, for 15 million euros you can buy a house with an area of 200-400 m2 with sea views.
7 km from Saint-Tropez is the village of port Grimaud is a unique place for yacht owners. Port Grimaud nicknamed “provençal Venice” (Venise provençale): there are channels and Islands connected by bridges. The village itself is surrounded by canals and walls, accessible by sea or on the boat, or on foot. Machines are almost there, only to miss those people who left the cars at special Parking lots at the entrance to port Grimaud. The local house is unusual in that they have two entrances — from the street and from the sea, and each house has its own jetty. Port Grimaud different stylistic uniformity: the village, designed by the architect Francois Sperry, was built in the 1960-ies for more than 30 years. On an area of 75 hectares located 2,400 homes and apartments, more than 2 000 places for yachts, 7 km of canals, 15 bridges and 12 Islands. Apartment prices start from 400 thousand Euro for the house — from 800 thousand euros. The Villa, built on a unique project, there are from 1.5 million to 5.5 million euros.
In port Grimaud, only 500 permanent residents, the rest come during the summer holidays
14 km from Saint-Tropez across the Gulf is Sainte-Maxime is a quiet town with a low crime rate. It is more democratic analogue of Saint-Tropez, not so bright and fashionable. The town is clean coast. Further East from Sainte-Maxime and fréjus is a large resort with sandy beaches and anchorages for luxury yachts. It almost merged with Saint-raphaël, where the rest mostly retired, which the young French mockingly called it the “nursing home under the open sky”. Property in these towns is on average 6-7 thousand Euro/m2.
All the previous resorts belonged to the var Department. Cannes and all points West, not counting Monaco, is the Alpes-Maritimes Department.
60% of property buyers in Cannes are foreigners, half of them immigrants from Asia and the Middle East. Especially prestigious is the center of Cannes — Antibes street, alley of Liberty and La Croisette.
In Cannes and the surrounding area housing prices continued to decrease since 2008. Before the crisis, in this city, you could buy a new apartment of 140 m2 with terrace of 60 m2, a garage and sea views for € 3.5 million. Now this house is sold for 3 million, that is 14% less.
Cannes — in the past a popular resort among the nobility. In 1888 guy de Maupassant wrote about the city: “Princes, princes, everywhere princes”
The market is kept afloat by the annual film festival. Every year this event attracts a lot of tourists, so here it is advantageous to purchase housing for renting. In 2013, the city in the past two weeks were more than 30 thousand people associated with the film industry. Some come for a month in advance to prepare for the event. According to the tourist Board of the côte d’azur, from 2010 to 2012, the cost of the hotel rooms in the 4-5 star hotels increased by 16 % and in 2013 by 5 %. In June, the apartments at the hotel near the Palais des festivals are rented for 600 euros per week. For owners of film companies one-off costs of rental housing for their employees of up to 100 thousand euros. Given that the Cannes festival is held every year, rent is economically inefficient. Most companies buy apartments in Cannes are worth more than 1 million euros next to the Palais des festivals. Popular as holiday villas.
Villa with an area of 200-250 m2 with swimming pool can be bought for 1,2–1,7 million euros, a Villa 300 m2 with a plot of 2 500 m2 and panoramic sea views — at least 3 million euros. Many of these homes are rented in the summer for 50 million euros per month. Building in Cannes is not developed, new housing is almost there.
“The most prestigious residential areas of Cannes — Supernanny and California. They are perfect for a family vacation or holiday with friends, the real problem here the magnificent sea views. For rent it is best to invest in apartments near the Palais des festivals, the demand will always be there,” says Maria Decanska.
“Cannes is relevant in terms of rent not only because of the festival. There are constantly different events that gather people, and the city is a high demand for housing. Among these events is the international exhibition of real estate MIPIM and the international advertising festival Cannes lions”— said Giorgi Kachmazov, head Tranio.Ru. Also in Cannes is Europe’s largest exhibition of commercial real estate MAPIC and the award ceremony musicians NRJ Music Awards.
“People who love the privacy and beauty of nature, prefer Mougins, Grasse and nearby towns remote from the coast. There are wonderful mansions, they are large plots of land, which can not always be found near the coast,” says Marina filichkina, head of sales Department Tranio.Ru.
Mougins is North of Cannes, 6-9 km from the coast. This prestigious town since the mid-twentieth century became a center of attraction for tourists and creative people. At different times lived here the designer Christian Dior, playwright Jean Cocteau and the artist Pablo Picasso, local houses belonged to the Ukrainian revolutionary Vladimir Vinnichenko and the former President of Iraq Saddam Hussein. Now in this community are many villas of billionaires and stars of show business: here are the villas of the French President Francois Hollande, the Emir of Qatar, actors Mel Gibson and Sylvester Stallone. In Mougins, approximately 40 restaurants and 20 art galleries. Mougins is called “the garden city” (“ville jardin”) for the abundance of villas with gardens. About half of the territory of the commune — landscaped areas. Real estate prices were stable until November 2013, and then began a gradual growth. According MeilleursAgents.Com, apartment prices reach 7 thousand euros/m2 for houses — 10,5 thousand Euro/m2.
Grasse is the world capital of perfumes
Grasse, located 12 km North from Cannes, famous for its perfume industry and the fact that here the novel “Perfume” by Patrick Suskind. In the city center of a historic building of XVII–XVIII centuries side by side with the villas and mansions of the XIX century, the periphery was built up with modern houses. The surrounding area is full of olive groves and flowers. Part of the territory of the municipality is declared a natural reserve. According MeilleursAgents.Com prices for apartments in Grasse reach 4 thousand Euro/m2, in building — 6 thousand Euro/m2. From November 2013, prices tend to decrease.
About 10 km from Cannes in the Mediterranean sea at 4 km is situated on the Cape of Antibes, which are the resorts of Antibes and Juan-Les-Pins. This place will suit those looking for a relaxed, summer atmosphere, quiet and prestigious neighbors.
In Juan-Les-Pins prefer to relax many Russians. This small resort town is on the shore of the beautiful secluded coves. Here spacious white sand beaches, and Marina. Exciting nightlife, abundance of restaurants and clubs make it especially popular among young people. In addition, in Juan-Les-Pins is the annual international jazz festival. The children can go to the nearby town of Biot, where there is a butterfly Park, an Oceanarium, Marineland, the largest water Park of the côte d’azur Splash Aqua Park Le Petit Ferme, a farm with animals and lots of exciting rides.
In Antibes lived many writers, among them Graham Greene, Nikas Kazantzakis and F. Scott Fitzgerald
Antibes is the second largest resort town (after nice) on the French Riviera and the largest Marina in the region. This is an exclusive vacation spot: here are the houses of many rich people, well-developed tourist industry, there is 25 km of pebble and sandy beaches. North-West of Antibes is the technological Park Sophia-Antipolis, considered to be the French Silicon valley. Here are the highest educational institutions, commercial enterprises and branches of international organizations.
“Antibes is a lovely town, favourably located near Cannes and nice. There are a lot of beautiful places, among which is the old part of the city. It can be noted a high quality of life, low crime and good stores”,— stated in the review on Ville-Ideale.Com.
During the crisis, housing prices in France have dropped significantly. For example, in the summer of 2013 there was for sale, a Villa for 5 million euros, although a few years ago, its price was 8 million In Antibes a lot of foreign buyers, mostly British and Russians. Budget their purchases — from 5 to 30 million euros. For comparison, the French spend on local housing an average of from 800 thousand to 1.5 million euros.
According to Mary Dicheskul, the proposal on the cap d’antibes is limited. The number of estates — a little more than 1 of 100 has not changed for many years. New developments are not expected and demand remains traditionally high.
When buying property in Antibes you should pay attention to the quality of construction of some objects, erected in haste, not quality. There are high prices for apartments in buildings 1970-Chodov with poor soundproofing.
From nice you can easily reach Cannes, Monaco and Italy. The city will not be bored: there are many activities, including a carnival, a marathon, various festivals, through the city hosts the famous Cycling race “Tour de France”. There are museums, theatre, Opera, concert hall and more. Nice features impressive architecture that is similar in style to the Italian. The crystal clear coastal waters and pebble beaches complete the picture of this perfect place to stay. The best places in the city to buy a home — the promenade des Anglais, place Massena, Old nice, place Garibaldi, port, and Musicians quarter of Nice.
Nice became popular among the Russian in the XIX century
Property in nice in great demand among Russians. In 2012-2013, sales fell by 30 %, but rates remained stable (-0,9 %). In the “Golden square”, located between the Boulevard Victor Hugo, pedestrian zone and place Massena, the price per square meter up to 7 thousand euros. In the prestigious area of Mont Boron, is popular among foreigners, the home is sold for 7-10 thousand Euro/m2. On the most famous streets in nice Avenue California Boulevard Gambetta and the promenade des Anglais — housing is on average 4-5 thousand Euro/m2. One of the architectural landmarks of nice, the Palais Maeterlinck, recently rebuilt in a luxury residential building. It flat sold for 25-40 thousand Euro/m2.
Real estate in the Eastern part of the côte d’azur enjoys the greatest demand among foreign buyers. Here are the most luxurious resorts and most expensive villas.
According to Mary Dicheskul, the Russians prefer the most prestigious places: the Golden triangle of Villefranche — Beaulieu-sur-Mer — cap Ferrat, cap Martin, cap d’ail or cap d’antibes, located no farther than 20 km from nice airport.
In Saint-Jean-cap-Ferrat is the Villa “Leopolda” is one of the most expensive in the world
“The most expensive mansions are located in cap-Ferrat. For someone who wants to live close to Monaco, we can recommend cap d’ail or cap-Martin. Tom, who value the prestige and peace of mind, we can offer Villa in cap Ferrat. Lovers of panoramic sea views can choose accommodation to your taste in Villefranche or Beaulieu-sur-Mer,” says Maria Decanska.
One of the most expensive resorts of the Cote d’azur cap Ferrat (its full name is Saint-Jean-cap-Ferrat). Apartments in higher price categories there are an average of 18 thousand Euro/m2 building — 33,6 thousand Euro/m2. Prices for luxury properties reach 60 thousand Euro/m2. From 2000 to 2007, housing in cap-Ferrat has risen 10-fold. One of the most expensive offerings on the market today — Villa with an area of 2 000 m2 with eight rooms, a pool, a home cinema room, lift and sports facilities. You can purchase it for 69 million euros. Many deals in cap-Ferrat are on the private market without public announcement.
Roquebrune — cap-Martin (or simply cap-Martin) is a prestigious resort located 25 km from nice and 6 km from Monte-Carlo. The historic character of the village is well preserved. At the entrance it is a large olive tree, the crown of which reaches a diameter of 8 m. it is believed that he is about 4 thousand years. In cap-Martin rested Queen Victoria, actress Greta Garbo, the French Empress Eugenie, fashion designer Coco Chanel and British Prime Minister Winston Churchill. The cost of houses in Roquebrune—cap-Martin is often more than 20 thousand Euro/m2. For example, for 21 million euros you can buy a Villa of 500 m2 with four rooms, swimming pool and garden.
Menton is the last French city in the French Riviera before the Italian border. Menton is called “the capital of lemons”, where they are grown EN masse, and in February even hosts the annual festival of lemons. The city has many gardens and parks. For its chic appearance of Menton, often called the “Pearl of France” (la Perle de France). “In Menton, and all the streets and markets, beaches and climate, gardens and parks. The city is always an atmosphere of fun and celebration, near Monaco, where I go to work and Italy with its luxury. It is truly a Paradise,” says a local resident. House the highest price category in Menton sold for 9 thousand Euro/m2 and more. Over 4,255 million euros you can buy a Villa with an area of 420 m2 with panoramic pool and sea views.
Monaco is the most expensive market in the world. As noted in the annual survey of the Wealth Report by Knight Frank, at the end of 2013 a square meter of premium class housing in the Principality was worth an average of 60.0 thousand to 73.3 thousand USD./m2, which is 6 % more expensive than in relation to the IV quarter of 2012. Over $ 1 million. here you can buy only a tiny Studio of about 15 m2.
According to Savills, the price per square meter the most rare and exclusive properties in Monaco is 91 thousand euros. Experts predict that by 2015, property prices in Monaco will grow by another 20 %. This is because in Monaco there is no free land. The territory is very small: it is 6 % of the area of Manhattan and 3 % of the area of Hong Kong. Land otvoevyvaya the sea drained areas (at the expense of the territory of the tiny state has increased by 20 %), increases the height of buildings.
Monaco attracts wealthy investors a favorable tax system
In view of the limited territory 95% of the properties in Monaco — apartments. Prices start from 1.5 million euros. The best place to buy real estate Monte — Carlo, the area near the casino “carré d’or” (“Golden square”) — a spacious area framed by luxurious hotels and casinos. Demand for modern apartments and villas on the Boulevard of Switzerland. Highly valued housing in Fontvieille, new district, mostly “reclaimed” by the sea. There are many new buildings, and the area of the apartments more than in the older parts of Monaco. The district of La Condamine is part of the Formula 1 track. Here demand apartments with terraces and direct views of the Bay.
Construction in Monaco is limited, and sales are made mainly in the secondary market: on the primary real estate account for only 4 % of transactions. The average cost of new housing — 9.3 million euros. Among the latest projects — L’oiseau Bleu (20 apartments), Le Monte-Carlo View (45 apartments) and Le Monator (19 apartments).
•
Cannes, Nice
Antibes, Biot, Juan-Les-Pins, Menton
Grasse, Hyeres, Le Lavandou, Mougins, Ramatuelle
Cannes, Monte Carlo, Nice, Saint-Tropez
Antibes, Beaulieu, Villefranche, cap d’ail, cap Martin, cap Ferrat, Monte-Carlo
Yulia Kozhevnikova, Tranio.Ru
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