High-end property market thrives elsewhere, not in the Ile-de-France region.
🤘🏼Here's a lively take on the high-end real estate scene in France, focusing on that swoon-worthy 40% slice of transactions.
💵 Cote d'Azur: The Two-Thumbs-Up Winner in French Luxury Property
By Christine Lejoux, Real Estate Chief Editor
📅 Published on [date], last modified on [modified date]
🔗 Link to original article
🌟 Check it out!
The Côte d'Azur is where it's at when it comes to ultra-luxury real estate in France, baby. 💥 Why's that, you ask? Let me break it down for ya.
💸 Square meter vibes on point:In the bustling and oh-so-chic capital, Paris, the average cost of a square meter on the classic residential real estate scene clocks in at a cool €9,500. With numbers like that, you'd think the capital is where all the big-ticket transactions go down 🤑. But brainiacs at Daniel Féau real estate agency network have just closed a whopper of a deal—€49,400 per square meter in the capital, 👠talk about a dream deal! 🙄But, interestingly, it ain't the Île-de-France region that leads the pack in this luxe game.
🥇 Côte d'Azur: Rule breaker, trend setterOh, they didn't tell you? 40% of these fancy schmancy transactions go down in the sun-kissed region of Provence-Alpes-Côte d'Azur! This stellar performance is largely thanks to the bangin' department of Alpes-Maritimes (pronounced like "Freedom Marsh-mates"). Let's check out the numbers:
🏠 3 fabulous towns to watch : Here's where the hot action is happening:- Saint-Jean-Cap-Ferrat sets the bar high with a median ultra-luxury price of €22 million 💸👀.- Villefranche-sur-Mer boasts a more modest median of €12.5 million 💰💰💸.- Antibes and Cannes tie for third place at €10 million 💸💖💸.
New on the French real estate scene: tax FREE gain on capital from 2026!
💸 Cash is king in the luxury real estate game"Over the last decade, ultra-high-end real estate prices in Cannes have grazed up by 5-6% per year," reveals Jean-Claude Annaert, Michaël Zingraf's fearless leader 💪🏼🤙🏼. "Now, we're looking at seven to eight mammoth transactions (worth over €10 million) a year in Cannes, which is pretty rare air before the ol' Covid storm 🦠🌪️," he continues. Cannes is all year-round party central, unlike Saint-Tropez 🙄🌴, which saw a mega-deal over €100 million in March!
🧐 Monaco's captivating kissAlpes-Maritimes has a special connection with neighboringMonaco—a lot of Monaco peeps, who dig life in the pricey shoebox joint, buy villas in Villefranche-sur-Mer. Jean-Claude Annaert, Michaël Zingraf's big boss, shares that his team peddles most of their properties to a 60% foreign clientele who tend to cough it up in CASH 95% of the time 🤑.
Catch this on the side🔼👉 Property Purchase👉 Real Estate Prices👉 Real Estate Sales👉 Luxury Real Estate🔼🔼🔼
💬So there you have it, folks. Côte d'Azur, where luxury dreams unfurl like seaside roses in the balmy Provencal breeze. 🌊🌺🖤
The high-end real estate scene in France is dominated by the Côte d'Azur region, where finance-savvy individuals are investing in high-value properties, making up 40% of luxury transactions. In the bustling town of Cannes, the annual growth rate of luxury real-estate prices is around 7-8%, with many transactions involving cash, particularly from foreign buyers.
