French Riviera Home Values Rise

Home Hunts have confirmed that inquiries into luxury property on the French Riviera were up by 60% last year compared with 2014.  Overseas buyers have been taking advantage of the reduced property prices, favorable currency pairings and lower mortgage rates, which led to an overall increase in viewings, offers and sales.

“The luxury property market on the French Riviera has really boomed in 2015,” says Tim Swannie, Director of Home Hunts. “Although we saw activity start to increase in 2014, this year the market has transformed and it has been the busiest we have seen since starting the company back in 2004.”

Riviera property is always in high demand. The fact that land is restricted by planning laws means that only a handful of properties in the most sought-after areas are available, keeping demand high. One example is the pretty medieval village of Mougins just a 15-minute drive from Cannes and renowned for its excellent gastronomic restaurants, international school and its own version of Silicon Valley. One of the most popular towns outside Cannes to be visited by the global elite during the Cannes Film Festival, along with high quality cuisine, this village offers top class boutiques, leisure facilities (such as a prestigious golf club and equestrian centre) and several five-star spas.