Engel & Völkers French Riviera > Blog > The place of the French Riviera in the luxury real estate market

The place of the French Riviera in the luxury real estate market

Lockdowns have profoundly changed the criteria of buyers as well as their uses. The French real estate market is in good health in a mixed economic context. Moving away from the big cities to do home office in a seaside villa rather than an apartment in the city center is a post-confinement resolution for some. As a result, coastal towns are gaining in value and transactions are booming. The Côte d'Azur is no exception to this real estate frenzy. Buyers and sellers are rushing to find the rare gem before the presidential election and a possible rise in interest rates.

Buyer or seller? Engel & Völkers will assist you in your real estate project on the French Riviera.

The Dolce Vita

As a tourist destination, the French Riviera is a particularly popular market for French and foreign buyers. With a mild climate where the sun is always shining, the region has many luxurious homes.

From Nice to the gates of Monaco, luxury real estate is very active. Whether it's a primary residence or an investment, the Côte d'Azur is a safe investment whose historical and architectural value is priceless. Seafront palaces, estates with landscaped grounds and architect-designed villas with infinity pools are the jewels of the region.

Many artists have been charmed by the region and have settled there, such as Pablo Picasso, Marc Chagall, Henri Matisse and Auguste Renoir. And it is between Nice and Cannes, in Cagnes-sur-Mer, that Renoir lived, in the Collettes estate which is now a museum where you can visit his studio and a permanent exhibition on the work and life of this great painter.

Accessibility and high prices

Open to the sea, the region is popular with buyers from around the world. Close to Paris by air, the Côte d'Azur is also easily accessible from Italy or Greece. A prestigious villa with its feet in the water or a penthouse with an unobstructed view will sell for several million euros.

On the Côte d'Azur, real estate prices vary depending on the town and the services provided. Inland, prices are lower than by the sea, with, for example, averages close to or higher than Parisian prices in Grimaud, Ramatuelle, Èze, Cap-D'ail or Saint-Jean-Cap-Ferrat. Engel & Völkers consultants are at your side to make your dream come true on the French Riviera and its surroundings.

Cover photo by Adrian Negura on Unsplash

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