Cote d'Azur Property
Cote d’Azur properties have been in demand from foreign buyers for centuries and if proof were needed that things have not changed, the world's most expensive property, including 20 acres of gardens, was bought on the Cote d’Azur, near Cap Ferrat, in August last year for €500 million! Cannes, Nice (home to the Chagall and Matisse museums), Antibes, and Marseilles are the most popular places to buy Cote d’Azur property, but once again, there is a hefty price tag for these chic Cote d’Azur properties. However, in terms of rental, a good yield can be achieved from a Cote d’Azur home, especially during select times, such as high summer, the Cannes Film Festival, or the Monaco Grand Prix, when Cote d’Azur properties are in real demand. Synonymous with glamour and exclusivity, a property in Cote d’Azur will often be steeped in a great sense of history, having been the playground of the rich and famous for centuries, a bottle of water can also cost you €10 is some places, so get saving! However, in comparison with property in the tiny principality of Monaco, a Cote d’Azur property will look like a bargain. Property prices in Monaco rank amongst the highest in the world. This is due largely to its income tax free status that attracts the richest and most famous amongst foreign homebuyers.
The Homes Overseas Guide to Buying Property in France has advice on the legal and financial aspects of buying Cote d’Azur property, plus overviews and information on the buying process of Cote d’Azur property.
Some information contained herein may have changed since it was first published. Homes Overseas strongly advises you to seek current legal and/or financial advise from a qualified professional.
