You would be forgiven for assuming that St Tropez is the sort of place that wouldn’t be touched by the recession. This is partly true, its not all doom and gloom, but there have just been some shifts over the past 12 months. The market was quite slow between September 2008 and April2009 but since then it has really started to move again. St Tropez property prices have dropped approximately 10 percent in the past year. While this isn’t great news for sellers this is much better than most property markets have faired around the globe in over this period. As a buyer, you just may be able to snap up a bargain.
If a bargain is what you are looking for you will still be looking at a minimum spend of £4 million on a family sized St Tropez property and this price can go up to around £100 million for something very special. If you are prepared to look a bit further afield you can find nice sized villas from approximately £1.5M in surrounding villages such as La Croix Valmer, Ste Maxime or Grimaud.
The millionaire’s playground of St Tropez has always centred around the area from the the Port and centre of St. Tropez around to Pampelonne beach where you find the world famous Club 55, La Voile Rouge and Nikki beach – these venues are like a mecca each summer for the rich and famous and the area is as popular today as it was when first discovered as a celebrity hotspot by the moview stars of the 1950`s and 60`s.
The villages surrounding St. Tropez of Ramatuelle, Gassin and Grimaud with their winding coastal roads and unspoilt beaches were what made the area famous in the first place. This area has always been a beautiful area and has drawns many of the big names arties of the 19th and 20th centuries such as Matisse and Picasso.
The timeless elegance of St. Tropez and the other villages in this area along with its glamourous reputation as the place to be seen in the summer means that this destination will always be in demand among the rich and famous. With France now officially being declared as out of recession, now could be the perfect time to take advantage of the recent price adjustments and snap up that St. Tropez property of your dreams…
Want a St Tropez Property? Call HomeHunts Click here to view our full range of St Tropez properties Here at HomeHunts, you can find a great range of St Tropez properties. With so much choice, you are sure to find your next property here. |