For over a century, the French coasts have attracted foreigners, mainly from the North of Europe. Aquitaine, Brittany and Normandy have always had large Anglosaxon, Flemish and Scandinavian communities along their shores. However, the most attractive French coastline to foreigners remains the French Riviera.
Prices vary along the French Riviera. In Nice, the average square metre is worth just over €4000. However, the price can rise to €10,000 in the Vieux Nice area. In Cannes, the average price for an apartment is €5000 per metre square, which can increase to €7000 in la Croisette. A property with a sea view can be worth double these prices. For cities which are mostly seasonal, such as Villefranche-sur-Mer, the prices are much higher than in areas which are less dependant on tourism, such as Menton, where there is constant activity all year round. In general, real estate prices on the French Riviera have continued to rise since the financial crisis of 2008.