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 ? There is no doubt that French Alps is a new and strong trend for foreign investors. Chamonix belongs to foreigners by 58%. There are some cities like Flayosc on the French Riviera that are quite totally owned by foreigners. The love story between French Riviera and foreigners is very strong. That’s why, when a foreign family come to live on the French Riviera, it often occurs that other families from the same country invest in the French Riviera real estate . They are very often friends.
French Riviera makes many efforts to welcome all the foreign investors…and it seems to be working well because foreigners stay on the French Riviera and are more and more numerous.
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