In this blog, we aim at giving you informations about living on the French Riviera and also some tips if you want to invest in the French Riviera real estate. We set up a company one year ago, which works on events and real estate in this area. Obvioulsy during this year, the real estate all over the world has been modificated. At Events & Home consulting, we are convinced that this new priod will be perfect for the buyers and we are on the buyers’ side !
So, don’t be frustrated. In a few months, Events & Home consulting will give you concrete informations to invest in the French Riviera real estate. Currently, prices begin to go down and more and more properties are saleable. Our role is not only to give you details on this market but also to help you with French banks and administration. In our team, you can meet real estate experts, bank consultants, lawyers, notaries, architects, interior designers … Continue reading ‘Happy birthday Events & Home consulting’
French statistics on January 2008 confirm that foreign investors are more and more numerous in France and above all on the French Riviera and the French Alps. Indeed foreigners many invest in French upscale products. Indeed on this kind of real estate products in France, one sale out of 20 is made by a foreigner. The ratio is very different according the French locations.
For instance, regarding French upscale real estate products, one sale out of 15 is made by a foreign investor in Paris. The ratio is 1 out of 5 in the south-west France. The foreign investors on the French Riviera real estate represent 50% of the upscale real estate market. Same for the French Alps !
Some cities on the French Riviera belong to foreign investors. In Grimaud, 37% of the owners aren’t French. In Beaulieu sur Mer, foreign investors are 42%. 55% of properties in Villefranche sur mer are owned by foreigners. In St Jean Cap Ferrat, it’s much more with 64% of foreign investors. What about French Alps ? Continue reading ‘Who are the investors in the French Riviera real estate?’
I often suggest to my clients, who wish to buy a property on the French Riviera, to think about renting it when they’re not in. Indeed rent a property on the French Riviera is a good investment. My clients earn money with their properties. Sometimes, when they decide to buy a property on the French Riviera, they take into account tourists’ needs.
As a matter of fact, tourism is a huge business for French Riviera. Here are some data about tourism in the French Riviera. It deals only with Alpes Maritimes (Nice, Cannes) and Monaco. Once you’ve read these data about tourism in the French Riviera, you’ll consider to invest in the French Riviera real estate !
First, French Riviera when it refers to Alpes Maritimes and Monaco, represents more than 1 000 000 inhabitants. 12% are foreigners. In 2006, more than 10 000 000 visitors come and see French Riviera. Is that a good point to invest in the French Riviera real estate ?
For leisure, tourists stay around 1 week on the French Riviera. For business, visitors stay 5 days on the average. Among all these tourists, 52% are foreigners : they are mainly coming from Italy, United Kingdom and Germany. Tourism in the French Riviera represents 10% of the global international tourism in France ! In 2005, foreigners expenditures in the French Riviera were € 5 billions !! That’s is why you should invest on the French Riviera real estate !
