Your property finder on the French Riviera, I mean me, read a very interesting study about luxury real estate. It appears that St Jean Cap Ferrat is the third most expensive city in the world, regarding luxurious. The first most expensive city in the world is London. The second one is Monaco. There is no doubt that French Riviera is part of the most expensive places in the world ! So if you want to invest in luxury real estate on the French Riviera, you should read this !
Luxury real estate prices in St Jean Cap Ferrat have been increasing by 39% between the end of 2006 and the end of 2007. Nowadays, if you plan to invest in St Jean Cap Ferrat premium properties, prices are around € 43 400 /m² ! Continue reading ‘St Jean Cap Ferrat : one of the most expensive city in the world’
As a property finder on the French Riviera, I am used to see amazing properties. My job is to find the property of my clients’ dreams. Anyway, when I visit an outstanding property on the French Riviera, I don’t resist to describe it on my blog ! If you plan to invest in French Riviera real estate or if you just love French Riviera, you’ll appreciate this post. Why is this property in Nice outstanding ?
1- LOCATION
The outstanding property in Nice I speak about is closed to the Palais Maeterlinck. Do you know the Palais Maeterlinck ? It was a luxury hotel in Nice. The hotel closed at the end of February 2008. The hotel will be changed in flats.
Why was Palais Maeterlinck so famous ? Because of its situation on the French Riviera! The hotel is situated in a wonderful area, one of the most beautiful coastlines of the French Riviera. Indeed, the hotel is situated between St Jean Cap Ferrat and Nice city center on a road that we call “la basse corniche”. This road leds you from Nice to Monaco, throughout St Jean Cap Ferrat, Villefranche sur mer, Eze bords de mer, Beaulieu … It’s quite impossible to find properties on this area. First, the owners of these properties on the French Riviera don’t want to sell them. Opportunities for real estate are rare. Secondly, the properties are located on the seashore of the French Riviera. Nowadays, no construction is allowed on the French Riviera coastline
2- SURFACE
200m², terraces, gardens …and enough space to build a swimming pool ! Continue reading ‘An outstanding property in Nice on the French Riviera’
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 !
Given that Nice is the fifth city in France, traffic is a big issue. Cars are more and more numerous in French Riviera and it will increase by 25% until 2020. Nice city hall had to find a solution to relieve congestion in the city center. At the end of 2007, finally trolley cars entered the city. Works were very long and hard to bear for storekeepers downtown. But now the result is prodigious.
On one hand, the first trolley line reduces time between districts. For intance you can go from the north of Nice to the “Place Massena” within 14 minutes. By car, you have to drive 40 minutes and by bus it takes 30 minutes. Indeed, as parking are scarce, people stop their cars everywhere and specially on bus lines ! Trolley is the best solution because the lines are dedicated only to trolley cars and no other cars can go into. On the other hand, the city hall not only changes the streets for trolley cars but also improves streets and places on the Nice trolley run. €13,000,000 have been invested in the transformation of Nice famous place : “Place Massena”. The objective is clearly to make traffic easier dowtown and to offer bigger and nicer areas for pedestrians. Continue reading ‘Nice changes for the better’
No one can speak about the French Riviera without stating Monaco (or Monte Carlo). Obviously the principalty isn’t French but there are strong links with France. And Monaco definitely takes part of the French Riviera. Real estate in Monaco is a big deal because real estate developers are few. Pastor family owne the main buildings. The crucial point is above all space. Monaco is a small territory. More and more foreigners want to live in Monaco.The principalty has been working hard to find new spaces to build properties (flats) and hotels.
At the end of the seventies, high buildings were constructed on the Larvotto area. During the 1990’s, Monaco created Fontvielle area : 22 hectares have been constructed on the sea. But it’s still not enough for the most expensive and secure place on the French Riviera. At the beginning of 2000, a seawall has been added to create a bigger port. Monaco needs also place for cuise ships and yachts. Continue reading ‘Monaco misses space : a new incredible plan’
