With such a glorious range of luxurious properties, a year-round rental market and a unique playground that suits businesses, families and anyone looking for the ultimate in glamour, Cannes is, rightly so, one of the world’s most coveted property hotspots
Cannes is renowned for its golden beaches, glamorous yachts, prestigious film festival and charming historic areas, such as le Suquet and the Vieux Port. But as well as being a tourism hotspot, it is also one of the world’s most visited business locations.
If you are looking to buy a luxurious holiday home on the Côte d’Azur, then one of the main reasons that Cannes should be top of your “house hunting in France list” is because of its year-round rentability factor.
High rentability factor
With around 50% of Home Hunts’ clients wishing to rent their properties out, locations that can make second homes pay – or at least cover upkeep and maintenance costs – are in higher demand than ever before.
“If a client is looking to buy with a view to renting as much as possible for maximum income then there are certain places we recommend, and Cannes on the Riviera is one,” says Tim Swannie, Director of Home Hunts. “There is a year-round rental market there, not just the tourists in the summer, but the year-round conferences mean there are constant business visitors to the town.”
If renting the property to the business market is important to you then your purchase needs to be within a 20-minute walk of the Palais des Festivals. Whether people are in town for the Film Festival, Cannes Lions or Mipcom (just a few of the many high-profile events on during the year) proximity is essential.
For around €400,000 Tim says you can buy a central three-bedroom apartment within walking distance of the Palais des Festivals et des Congrès, which hosts not only the famous film festival, but hundreds of other events.
For under €900,000 you can find a two-bedroom apartment just minutes from the Croisette, like this luxurious residence (HH-11788938). The fact that it is sold with a garage makes this property even more attractive, as does the sunny balcony and view over a leafy area of the town.
For a bigger budget you can own a two-bedroom apartment in a highly prestigious location along the Croisette, such as in this stunning high-floor property (HH-12093533) between the Majestic Hotel and the Carlton. Not only does it offer a stunning panoramic view of the sea, but light and sunshine floods the rooms and a concierge service is always on call.
Incredible range of properties
From penthouse apartments, to waterfront villas and hillside mansions with panoramic sea views, property in Cannes is renowned for its splendour and variety.
“Some of our clients want to be near the beaches, boutiques and Palais des Festivals on the Croisette, where there is a stunning selection of apartments,” says Tim, adding that many of them are perfect for renting out throughout the year,” says Tim. “Other clients are more interested in benefiting from the tremendous views in areas such as La Californie or along the coast, where some properties even offer direct access to the sea.”
This stunning ten-bedroom sea front property (HH-10420881) offers owners the height of luxury and exemplifies the kind of quality properties that are available along prime areas of the Côte d’Azur. Built on three levels, it features an infinity pool and an indoor pool, a hammam, gym and a caretaker’s apartment.
A luxurious lifestyle that’s accessible to all
Cannes is a vibrant town which exudes a special, uplifting ambiance – this is one of the reasons real estate here is in demand from buyers all over the world. But it is also a town with a unique personality: glamorous, practical, beach friendly, yet business focused, and famous for being one of the most luxurious destinations in the world.
On the same promenade that hosts A-list stars during the film festival, kids can play “Pêche aux Canards” (hook-a-duck) and ride the carousel just across the road from the Gucci store. It really is a town that caters for everyone.
And while some of the most powerful people in business come to make powerhouse deals in markets ranging from TV to real estate, there are water sports all around, volleyball, music gigs, gastronomic dining, ultra-cool nightclubs and some of the most stylish yachts in the world.
If you are looking to buy a property in Cannes, you can find some of the most luxurious homes for sale on the market at www.home-hunts.com. To speak to a consultant directly about your property needs, call +33 (0)970 44 66 43.