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Luxury Living on the Riviera
The French Riviera offers holidaymakers year-round appeal and luxury properties are in ever-increasing demand along its 115 kilometres of coastline. With more than 300 days of sunshine each year and 12 hours of sunshine a day during the summer, sun-drenched, glamour-filled vacations are practically guaranteed.
From royalty to celebrity to old-wealth and oligarchs, the French Riviera is a timeless destination that has always been and probably always will be the place to be seen. While celebrities flock to the Riviera, particularly during the film festival in Cannes (running from 16 to 27 May for 2012), the sensational beauty, total tranquillity and ebullient glitz that the Côte d’Azur has to offer can be enjoyed by all. Here you can relax among olive trees during the day in a luxury villa, yet be ten minutes from a Michelin-starred restaurant, lunch at Club 55 or a night out at Jimmyz.
According to the FNAIM (National Association of French Estate Agents) French house prices increased by approximately 7% in 2011, proving that the French property market is stable and a solid investment prospect despite the current financial crisis.
While many of the old favourite locations for prestige property remain the key focus for investment, France is seeing a new wave of businessman buying luxury properties on the Riviera. Back in the nineties prestige properties were being sold to the old oligarchs, such as Boris Berezovsky, but now a new generation of young Russian billionaires is emerging. Particularly in the current climate, with political unrest growing in Russia, French property is viewed as a stable investment prospect by many Russian buyers. While Europeans and those from the Middle East are still also prominent buyers on the French Riviera, a new Chinese market is emerging, some looking for flagship vineyards and others for luxury property investment opportunities.
The French Riviera has always been one of the most popular places to invest in luxury property as it has a diverse range of prestigious properties and locations to suit all tastes. Whether a penthouse in Nice, a prestige property among the heavenly flower aromas of Le Rouret (grown locally for the famous perfume distilleries in Grasse), or a luxury home in the ancient village of Eze, the French Riviera has options to satisfy all luxury property needs.
Some of the most popular areas for buyers in 2011 include Villefranche sur Mer and Cap d’Antibes, where Abramovich is refurbishing the unique and historic Château La Croë. Other locations that provide good investment opportunities include Mandelieu, which offers a thriving business district as well as a large harbour, the stunning medieval village of Valbonne and Antibes, where you will find luxury boutiques and high class night life.
The French Riviera is easily accessible by land, sea or air. Nice airport provides international access to the French Rivieria and is just 30 minutes from Cannes – private car and luxury vehicle hire is available in abundance in this corner of France. For those wishing to travel more exclusively, there are plenty of private jet terminals in Cannes, Nice and Saint-Tropez. If rail transport is preferred, then the TGV operates direct trains from Paris. Moorings for yachts and superyachts are available all over the French Riviera, but advance reservations are recommended as harbours get very busy during the high season. Browse through our luxury homes for sale on the French Riviera.