Property Investment on the French Riviera – South of France
Whether you dream of a romantic holiday retreat or look to invest in property in a safe and stable country close to home, property in France and especially property on the French Riviera and the south of France can be a good long term and secure option.
With a chic, sophisticated lifestyle and a warm climate, the south of France remains a firm favourite amongst foreign property purchasers, especially the British and Scandinavians – this has indeed been the case for many years now.
In particular properties for sale in the south of France have always been a popular choice amongst overseas property investors – quaint villages, award-winning beaches glamorous cities such as Cannes and Nice continue to draw property investors to the south of France, as do the top ski-resorts and more inland destinations such as Valbonne and Mougins, not to mention that prevailing sense of natural chic and sophistication that foreign visitors always find so alluring.
The value of property in the south of France continues to remain stable and is now moving in a positive direction. Villas and apartments in the south of France boast a strong rental market due to the fact that the vast majority of French citizens rent their homes for fixed terms of 3 years, and this creates a healthy demand for rental property in most major cities and indeed villages further inland such as villas in Valbonne and Mougins. Meanwhile many holiday destinations such as Cannes, Nice, Antibes and these inland villages are still in need of tourist accommodation to satisfy an increasing number of annual tourist arrivals to the French Riviera and the south of France.
With flying time of less than 2 hours from the UK and most European cities, the south of France offers property investors easy access via budget airlines plus, an excellent road and rail infrastructure. This naturally has an incredible appeal amongst those looking for a 2nd home or relocation in the south of France and not too far away from the rest of the family back home.
France’s proximity to the UK and the rest of Europe is a major factor influencing the success of the property market on the French Riviera allowing homebuyers to visit regularly and cost-effectively, while taking advantage of the slower pace of life, lower crime rates and that certain ‘Jene sais pas’. These have been main ingredients to France’s recipe for success in the eyes of many investors. Property for sale on the French Riviera as an investment continues to be highly popular option amongst many worldwide investors and this remains so in 2011 – the French Riviera can offer you a safe investment within a well tested market.
For investors who snap up French Riviera property Newport Residences for sale within its newly developing property markets, good returns can be expected over the medium to long term. The steady progress of France’s general property market and its booming tourist industry in the south of France, prices should continue to rise. Shrewd investors are acting now while prices remain relatively low but rising, and the best French Riviera property investment opportunities are still available.
In fact, over the past number of years the quantity of British registered home owners who have taken up residence in France has risen sharply. A large percentage of these properties have been purchased as holiday homes by the British and Scandinavians, reflecting an undying interest in French property as a sought after property location.