French Riviera: Leading The French Residential Market Revival

The French Riviera fronts the demand for luxury residential investment in France, providing a respite from geopolitical uncertainties adversely affecting the Eurozone.

- Olha Romaniuk

Having long been known as one of the most popular locations for international property investors, the French Riviera is holding its own in the 2017 residential property market. With the property sales activity slowing down in April, as the international buyers continued to keep a close eye on the French presidential election, the high end property market, particularly in the French Riviera, is on the up in the third quarter of 2017, promising lucrative investment opportunities for domestic and international buyers.

Sales Continue to Rise

The end of 2016 saw the French property market enjoy a year-long upward trend in property sales, with the number of sales representing a year-on-year increase of 9% at the start of November 2016, according to the data from the Notaires de France property market report. 2017 thus far is continuing to see a steady increase in activity, particularly in the luxury real estate market, with the French Riviera, or Cote d’Azur, topping the list of most sought-after destinations within France amongst international buyers. The Riviera, a long-standing favourite as a global lifestyle destination, along with Provence, has attracted 60% of potential buyers looking to buy property in the South of France, based on this year’s survey conducted by Lux-Residence.com.

Foreign Influx Adding Fuel to the Fire