-
French property prices stabilising, say leading estate agencies
Agents say 2024 is seeing the end of three consecutive years of falls in transaction volume
-
MAP: see where property prices have dropped the most in Paris
Drops of around 10% (up to €1,100 less per m2 in real terms) have been seen in several arrondissements. Only one has not seen a significant drop
-
PHOTO: The French chateau for sale for… €425 million
The listing price is the highest ever for a property in France
French property watch: Discover the chic and glamorous Alpes-Maritimes
Between the mountains and the sea, this department with a unique climate has something for everyone
Departmental capital: Nice
Main cities/towns: Antibes, Cannes, Grasse, Cagnes-sur-Mer, Le Cannet, Saint-Laurent-du-Var, Menton, Vallauris, Mandelieu-la-Napoule, Vence, Mougins
Due to the microclimate, Alpes-Maritimers (or Maralpins/Maralpines, as they are properly called) can, for a few days in late spring, enjoy a morning’s skiing in the Alps followed by a dip in the warm Mediterranean Sea in the afternoon.
It is not quite wall-to-wall sunshine in this part of the world but it is not far off with more than 300 days of sun a year.
This part of south-east France, which borders Italy and the principality of Monaco, has been a hugely popular destination for English-speaking incomers looking for a slice of French life since long before Peter Mayle wrote his bestselling A Year in Provence. And it’s easy to see why.
The weather is conducive to glorious outdoor living, it scores high on the glamour-o-meter thanks in no small part to celebrity magnet Cannes, and it’s easy to get to, with regular high-speed rail services connecting you to all points in France and Europe, and the well-served airport in Nice.
Sadly, that popularity also means property bargains are more difficult to find than in many other parts of France.
Such is the draw of the region, which has more than its fair share of seven and even eight-figure properties, that the seaside bounce for properties in coastal resorts means average prices in painfully chic Cannes are €6,613 per m², or ever-popular Menton or Antibes, for example, are well over €5,000 per m².
The average price of a typical house in Nice is €5,378 per m², and charges past €9,000 per m² in Roquebrune-Cap-Martin. Away from the coast, in Grasse for example, a house can be bought for €4,175 per m².
Related articles
French property watch: Explore the ecotourist-friendly Ardèche
French property watch: Ardennes - the little Belgium of France
French property watch: Gard - new destination for early retirees