Montpellier is nowadays the 8th city in France. After Nice and Marseille, Montpellier is the biggest city of the French Riviera. Is it a good place to invest in the French Riviera ? What is going on ? Your propertyfinder on the French Riviera will give you some clue about Montpellier and its potential on the French Riviera.
To begin with, Montpellier is undoubtfully one of the most dynamic cities on the French Riviera. Montpellier is well known to welcome every year many students from France and other countries. More over, Montpellier has an access to the sea with big beaches compared to Nice or Marseille. That’s why the city has decided to set up 14 town-planning projects.
Currently, there are 260000 inhabitants in Montpellier. Within 25 years, there will be 300000 inhabitants. So th city hall decided to create or to change 14 districts. This is good reason to invest in Montpellier. The objectives are clear : each district will welcome offices, accomodation and shops. Each district will be eco-friendly with very good and cheap trolley line.
The City Hall of Montpellier is obviously the main project. It will cost € 116,000,000 !
If you’re looking for sunny beaches, wonderful landscapes, great history and culture …French Riviera is definitely the ideal place to invest. Obviously you can find some other places in the world that offer you beautiful coastlines, good food and street markets for less money. Anyway, invest in French Riviera is safe !
French Riviera is one of the top tourist locations in the world. The economy is stable and there is no politics instability. Concerning properties, invest in French Riviera is very safe, given the rigorous buying process and protective legal system. Interest rates are still low compared to other countries even if they have been increasing since the end of 2007.
More over in some places in French Riviera, prices have been decreasing a little and locals are reluctant to invest in French Riviera or somewhere else in France. This is the good time for foreigners to invest in French Riviera, specially in big cities like Marseille, Nice or Antibes.
French riviera is often associated to cities like Nice, Cannes and St Tropez … Marseille is hardly known and that’s a pity ! 20 years ago, Marseille suffered from a bad reputation due to the poor economic market and some insecure districts. The situation was unsmilling compared to other cities on the French Riviera. Real estate market was in a disastrous shape.
Since 1990, Marseille has been transforming in a dynamic city with more and more renovated areas. Thanks to TGV, Marseille is only at 3 hours from Paris. No doubt that real estate prices have increasing since. But the city is still affordable compared to other cities on the French riviera.
And Marseille is very well located. An international airport allow you to go everywhere and far away. But if you prefer to stay on the French riviera, Marseille is a perfect spot for visiting Provence. Within 30 min, you are having lunch on a trendy terrace in Aix-en-Provence. If you prefer history, please have a look to Avignon (one hour driving from Marseille). If you prefer suntanning, go to Cassis and enjoy its “calanques”.
What about culture ? Marseille is working hard on that ! The city of the French Riviera aims at beeing the new European cultural city in 2013. The city hall and the local authorities involved themselves in many architectural and cultural projects for Marseille. For instance, a wonderful castle called “Château de la Buzine” will become a city of cinema : almost 4000 m² dedicated to cinema with a 7000 works library, an amazing 350 seats projection room and a museum about Marcel Pagnol. Continue reading ‘French riviera : Marseille is an ideal place to invest and to live’
