Spotlight: Côte d’Azur

Côte d’Azur
A buyer's market

11 April 2018, by Paul Tostevin

The Côte d’Azur market is now adjusting to buyer demand, and it will continue to remain a desirable destination

The Côte d’Azur is part of an international network of second-home hotspots. Because demand comes from a global marketplace, its prime residential markets have more in common with other top-tier global city markets than the rest of France.

Like the markets in many world cities, prime prices in the Côte d’Azur are now on a high plateau. Prices reached this plateau earlier than many other prime world markets and have seen fluctuations since. After a few years of low transactions, the market is now adjusting to changing buyer demands, a new tax environment and growing global competition.

 

Supply is high, but conditions are improving. France’s enhanced international standing, together with demand for euro-denominated assets, is fuelling interest in the region’s real estate. The Mediterranean climate, vibrant towns, beautiful coastline and world-class events attract visitors from across the globe and create a spectacular setting for property. This underpins rental markets as well as creating demand for second homes and means the Côte d’Azur is likely to remain a desirable destination.


Summary

■ The Macron government has brought stability and improved international standing, but no reprieve on property tax.

■ High levels of prime stock mean a buyer’s market. Discounts on asking prices range between 10% and 30%.

■ Buyer profiles are evolving with younger, wealthy buyers on the rise. They demand best in class and split their leisure time between multiple destinations in the Mediterranean.

■ New build apartments with a high level of services are meeting the demand for high quality and low maintenance.

■ Saint-Tropez is one of the most active submarkets. Buyers are attracted to properties on spacious plots and in town with easy access to amenities.

Articles from Spotlight: Côte d’Azur – 2018

Prime residential markets

With its dynamic economy and a new wave of young, affluent buyers moving into the region, the Côte d’Azur stands apart from the French residential market. Demand is returning

Three prime hotspots

11 April 2018

Three prime hotspots

A closer look at three of the Côte d’Azur’s most sought-after and exclusive enclaves. Properties are diverse and stock levels are high

 
 

Subscribe to Savills research

 

Would you like to be notified via email about new property research?

Key contacts

Paul Tostevin

Paul Tostevin

Associate Director
World Research

Head Office London

+44 (0) 20 7016 3883

 

Alex Balkin

Alex Balkin

Director
Savills Riviera

Savills Nice

+33 (0) 4 93 87 41 15