Despite property on the French Riviera being some of the most sought after in the world, there are still some excellent deals to be made and affordable gems waiting to be discovered.
The Côte d’Azur, with its picturesque coastline and almost-tropical climate is one of the most famous locations in the world. The choice of millions each year for their summer vacations, it is also a popular destination for families permanently relocating, due to its thriving towns, cities and villages, and international community.
Bargains inland – up-and-coming locations
While property on the Riviera is among some of the most stable in the country, areas inland have experienced price reductions. INSIDE FRANCE, Home Hunts’ property insights report released earlier this year, highlighted how the Riviera’s market was boosted by price falls inland in 2015 and locations inland, such as Biot, Opio, Roquefort-les-Pins and Châteauneuf de Grasse, were offering buyers more for their money.
Grasse is also an excellent town for those looking to buy property on the French Riviera as millions of euros are being invested into the town’s redefining redevelopment project. Despite significant financial sums being spent on Grasse in recent years to regenerate the high street and open up a train line into Cannes, house prices are still currently lower than in many other Riviera towns and villages.
“The redevelopment project in Grasse is not widely known to international buyers, but it is causing huge excitement locally,” says Tim Swannie, Director of Home Hunts. “It will completely change the centre of Grasse and on the Riviera this is the place that we are tipping to be the next big thing.”
This magnificent six-bedroom house is a good example of what buyers can get for their money in Grasse. Located in a prestigious domain this south-facing villa is set in landscaped gardens with palm trees and a private swimming pool. Set in a peaceful location not far from the town, at just €840,000 a viewing is highly recommended.
Cap d’Antibes: a savvy investment hotspot
A recent article in the Evening Standard, which included Riviera property from Home Hunts’ portfolio, featured Cap d’Antibes and Cap Ferrat as a savvy investment hotspots where “property prices define any downturn”.
Here, the article explained, properties are owned largely by Russian oligarchs, Middle Eastern royalty and wealthy French families and prices range from €1.6 million to €150 million. They offer high rental yields, are always in demand and are home to some of the most expensive villas in the region.
At €1,800,000, this three-bedroom, Californian-style property shows what type of property you can buy at the lowest end of the market. Located in Cap d’Antibes, it offers a mature garden with swimming pool in a quiet, sunny area. Modern interiors and a large terrace, which is perfect for summer entertaining, make this a good prospect for a permanent or second home.
Yet heading towards Antibes prices start to come down and this is where buyers can “get sea views at a more affordable price”. The port in Antibes and the old town are also popular with buyers of second homes and Juan-les-Pins is another area which offers good-value property and some glorious views of the Mediterranean Sea.
Located in Antibes and offering beautiful sea and mountain views, this five bedroom property would make an excellent second-home residence. It includes an independent apartment, landscaped grounds, a large swimming pool and a spacious terrace with large, leafy palm trees. A wonderful summer spot, this house is on the market for €790,000.
To search for more property on the French Riviera, visit www.home-hunts.com, but to speak directly with a consultant about your criteria and exact real estate needs, call +33 (0)970 44 66 43