In which areas it is profitable to buy property in Cannes
Cannes is one of the most famous resorts in the world, which annually attracts about 11 million tourists. Situated on the Cote d’Azur, it has an ideal climate, is famous for its beautiful scenery and is located near Nice and its airport. The city is also famous for its film festival, which attracts world stars and a huge number of journalists. These advantages make real estate in Cannes a promising investment option.
The main motive for buying a home on the Côte d’Azur is to get high income. To rent out real estate in a profitable way, it is better to buy the one located in the coastal areas. The uniqueness of Cannes in its climate. Unlike many resorts, you can relax here for a year, which means that housing will be in demand always.
Experts confirm that the local real estate market is in high demand. In addition to tourists, the city is visited by a large number of businessmen, there are many conferences and business meetings, which are attended by specialists from different countries.
The ideal option for buying a home for rent is its location near the Palace of Festivals. It hosts all the major events in Cannes, to which many visitors dream to get. During the year, the resort becomes the venue for more than 27 different events, participants and spectators of which need accommodation. You can easily rent out your apartment or house and get a high income.
Luxury real estate in Cannes is located on the hills of the California district and the Croisette.
The housing market has a wide range of options. You can choose compact apartments in remote areas or luxury villas and penthouses in the center.
Many rich people prefer to rent housing close to the sea. For this purpose, mansions on the first line are being actively built in Cannes. They are comfortable, fully closed to ensure maximum privacy for vacationers. The cost of such real estate is several million euros.
A square meter of housing, which is located near the sea, is 10-20 thousand euros. The closer and more elite objects, the higher their price will be. If you are a little away from the sea, for 300-500 meters, you can buy real estate for 5-6 thousand euros per square meter. In the suburbs you will be able to find a good villa with a swimming pool and all amenities for 1.5 million euros.
For a long time the demand for elite real estate in Cannes has not decreased. Attractive areas in terms of investment, in addition to California and Croisette, are Super Cannes. Villas here will start from 3 million euros.
Real estate in Cannes is a profitable investment that pays off quickly and brings a stable high income. And the resort is a great option for recreation.