Reasons for Purchasing Property in Cannes

Chateau De Gateau    Area Guides     buying a property, cannes

Cannes is one of the most popular towns on the French Riviera. It is blessed with wonderful weather, stunning scenery and beautiful beaches. Cannes also offers amazing restaurants, excellent places for shopping and a buzzing night life. As such, it is not surprising that the demand for properties in Cannes is high.

Natural Beauty

The old town of Cannes overlooks the Bay and the Lerins Islands. The Mediterranean coast line, golden sands and turquoise waters create a stunning and mesmerizing visual. The Palais des Festivals is located at the heart of the city. The city is a popular hangout of the stars, especially during the Cannes film festival. A walk down the well known La Croisette promenade may bring you face to face with a celebrity. The boulevard is lined with a number of cafes, restaurants and boutiques. Whether you are a nature lover, a shopping enthusiast or a foodie, Cannes is an ideal destination.

Connectivity

The transport facility in Cannes is very well developed. The town has its own airport at Mandelieu, which caters to privet jets. Moreover, Nice Cote d’Azur airport is located just 35 minutes drive from the city. From Cannes you can reach most European capitals including London and Berlin within 3 hours.

Value for Money

As far as Cannes real estate market is concerned, the demand is very high, while the supply is limited. As such, the property prices are much higher than those at other French locations. However, these properties offer great value for money.

Factors like natural beauty, great climate and others ensure sustained high demand in the Cannes real estate market. Given the stringent French planning restrictions, excessive development in the area is unlikely. Consequently, the value of properties in the area is only likely to appreciate with time. Moreover, the demand for Cannes villa and apartment rentals is also high. This means that you can easily rent your property while you are away and earn money from it.

Before you go ahead and start looking for a suitable Cannes property, you need to decide whether the property will be used exclusively by you or rented out seasonally. Properties in areas like Super Cannes, Le Cannet, La Basse Californie and La Californie are ideal for private use, while those in localities like La Banane, Palm Beach and Le Suquet are more suitable for renting. Although expensive, these properties command attractive rental and sale price.

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