The property market in France is proving very attractive for buyers at present. The decrease of the euro compared to the pound and the dollar is encouraging investors to purchase in Europe and particularly on the French Riviera – an area combining secure investment with a fabulous lifestyle.
Jonathan Grey of Beauchamp Estates, Cannes reports that, as always, location is vitally important.
“Properties must be at the right price, in sought after locations, with nice living area and land size, a swimming pool and a view.”
He says that the same goes for apartments with the additional requirements of a terrace and a location within a secure development with a caretaker/porter.
Enquiries are coming in from everywhere in the world.
“We have many enquiries from Russian speaking countries, middle-eastern countries, the UK and Scandinavian countries,”
continues Mr Grey,
“with Americans once again starting to appear in the market. The most recent participants to enter the market have been Asian buyers. We also have some French clients but these tend to be for more regular properties.
“Taxation is improving with a significant decrease of capital gains tax, regardless of nationality (from February 25th this year non-French residents are now only liable for capital gains tax of 19%, not 33.3%, as was previously the rate). This change will encourage more international buyers to invest in France and should encourage some owners to sell their properties.”
Saint Jean Cap Ferrat, French Riviera
Fully renovated in Belle Epoque style, this villa has 700m2 of living space, fabulous views across the sea and Bay of Villefranche-sur-Mer and is within walking distance of the beach. It includes seven bedrooms and bathrooms, staff quarters, a heated infinity swimming pool, 2,200m2 garden, an elevator, two garages and a large parking area.
From £14.1m / €20m / $22m
Beauchamp Estates +33 (0)4 9394 4545
info@beauchamp.com
Cap Benat, Les Mimosas, French Riviera
This Provencal stone bastide is south-west facing and located in one of the most special parts of the French Riviera with beautiful views across the forest. The main property has 800m2 of living accommodation and also offers staff quarters. Set within landscaped gardens, its grounds total 1.45 acres.
£4.9m / €6.9m / $7.6m
Aylesford International
+44 (0)207 7349 9772
Mougins, French Riviera
Just 4.5 miles from the venue of the Cannes Film festival, this gorgeous period home is often rented to film directors and producers. It can accommodate six couples, each with their own suite, and includes a professional kitchen.
A private cinema of 50m2 is available for film viewings, while a discotheque and a heated pool, complete with fully equipped pool house and reception area,
a fully equipped fitness area and wine cellar ensure an exquisite stay. An elevator, parking for 12 cars and a double garage are also included.
£9m / €12.7m / $14m Groupe-Mercure +33 (0)666 792 653
