Welcome to the French Riviera! Famous for the azure blue waters, white sandy beaches and chic lifestyle.
This has been the chosen location of royalty and celebrities for their second homes and, according to recent articles, is still the choice of those with a more modest background to invest in property.
There is a long affiliation with this region and those wanting to buy holiday homes, investment properties or simply make a permanent move to the warm climate. Even in these more difficult economic times the magic of the Cote d’Azur continues to attract international buyers.
Why by a Property in the South of France? Well, there are the obvious advantages of climate, ease of access with the international airport at Nice and of course the gastronomic draw of this region. But more than that, property in this region has continued to grow in price, albeit more slowly and French mortgage rates are still among the lowest in the world with today’s rates around 3% – you shouldn’t forget that here in France, the interest rate of your mortgage can be fixed for the lifetime of the loan. For those investing, maximising on a property investment is relatively simple with the influx of tourists seeking holiday accommodation in the summer months and if you consider carefully where you buy, you may be able to attract year round corporate rentals for visitors attending events in the region such as the Cannes Film Festival + other major conventions.
Where to Buy? So now you’re rushing to book flights to come and find your perfect holiday property. But you need to decide where to buy. The French Riviera stretches from St Tropez to the borders of Monaco and inland to the edges of the Alps. It’s a large area, each region offering something a little bit different in terms of property, prices and styles. What is right for you? What will give you best return on investment? And more importantly what will give you most for your budget?
If you are buying a holiday home that will only be used by you and your family, just follow your heart and your budget. A waterfront property on Cap Ferrat will be a stunning holiday home. If you want to use your second home as a bolt hole, you might consider the areas closest to the airport. The Old Town of Nice enjoys beautiful architecture and a wonderful eclectic mix of nationalities who live there. Peace and quiet and family villas with gardens are to be found in the hills above the coast. The hill top village of Mougins is the gastronomic home of the region, and you can stroll through its cobbled streets before heading to one of the internationally renowned restaurants. An apartment within walking distance of the Palais des Festivals in Cannes will give you the best chance of a short term rental income throughout the year. Think carefully about the focus of your purchase; it’s easy to get carried away and fall in love with a property that, later on, you realise doesn’t really deliver what you were looking for.
How to Buy? So once you’ve decided what and where, it is vital that international buyers consider the HOW to buy. Property law is very different here in France. For instance did you know that there are two types of marriage and that children must inherit the property on the death of a parent? And that’s not just children of a current marriage, that’s all children from previous marriages and relationships. Mistakes after you have purchased are costly to put right and it is essential that you seek solid financial and legal advice before you buy.
Use a Property Search Company – A free service that saves you time and money. Looking for, finding and finally buying your perfect French Riviera Property is an investment of time, effort and, of course, money. Using a Property Search company is a great way of being able to enjoy finding and buying your French Riviera Property. You will have one dedicated, English speaking, contact who lives and works in the region. You can benefit from their inside knowledge and let them approach all the estate agents / private sellers, and undertake negotiations on your behalf – even more important if your command of the French language is somewhat limited. You will also be able to tap into a network of English speaking financial and legal professionals, all able to give you the best advice about how to buy your dream home here in the South of France.
So what are you waiting for…….the sky is blue and the sun is shining….what is the weather like where you are today?
French Riviera Property Search