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Crisis? What Crisis? Not in the Riviera luxury market !

From Saint-Tropez to Saint-Jean-Cap-Ferrat, the luxury property market continues to thrive despite the worldwide economic crisis.

According to the Nice Matin newspaper (21/08/2012) the market for prestigious properties along the Cote d’Azur has not been impacted by the current economic situation, mostly due to the fact that there are many more prospective buyers than sellers at the moment. Due to this high demand the price of luxury property has remained steady.

Luxury Côte d’Azur properties range from rooftop apartments with huge terraces in areas such as Nice Mont Boron to villas with large plots of land in places like Mougins, and the vast majority of buyers are foreigners.

Traditionally the most common luxury buyers are British, Russian and Italian; however more recently there has been a surge in Scandinavian and German buyers. Because of this variation in buyers’ origins, all kinds of luxury property will sell, and the Côte d’Azur is the perfect environment for this.

Despite being renowned for sea and sun, the Côte d’Azur offers anything and everything from mountain properties to apartments right on the Croisette and countryside villas with olive-filled terraces – there is something to suit all tastes!

 

The luxury property market on the French Rivier is certainly thriving, even in these economically uncertain times, and let’s face it, it’s not going out of fashion any time soon!