The luxury property market in Cannes: trends and prospects

Cannes, the jewel of the Côte d'Azur, has for many years been the world capital of cinema. However, beyond the red carpets and spotlights, the city has established itself as an outstanding prestige property hub. It has become a strategic location for international investors. In this article, find out more about the trends and prospects for the luxury property market in Cannes.

La Pointe Croisette: Cannes' luxury real estate jewel case

Pointe Croisette is more than just a district, it's an absolutely prestigious destination. In fact, it is distinguished by its luxury residences and enjoys a privileged location, directly on the sea. adjacent to sandy beaches.

Not only do many properties offer panoramic view on the Mediterranean, but they also benefit from state-of-the-art safety measures. As a result, buying a property in this area is considered a safe investmentall the more so since the properties and luxury villas in Cannes tend to retain or even increase their value over time.

International buyers are literally bewitched by these properties. Americans, Russians, Indians and Scandinavians are battling it out to buy these real estate gems. After all, who wouldn't dream of owning a little piece of paradise on the Côte d'Azur? And we can help you make that dream come true in our aluxury real estate agency Global Luxury Properties.

Price trends: a steady, controlled rise

Cannes' property market is booming. Between 2019 and 2023, residential properties have seen a remarkable increase of 15 to 20 %.

It's not just a progression, it's a real demonstration of economic resilience. Le average price per square metre is around €6800with peaks of €11,000 in the most sought-after areas such as the City centre and Palm Beach.

These figures are not insignificant: they reflect the profound confidence that investors have in the potential of this geographical area.

The new criteria: beyond traditional luxury

Luxury real estate in Cannes is no longer just about square metres and views. Eco-responsibility has become a key criterion. Buyers are now looking for properties that incorporate sustainable technologies, optimum energy efficiency and the highest quality standards. environmentally-friendly materials.

Property developers have fully grasped this trend. That's why the new buildings we offer at Global Luxury Properties. are modern designsand high energy standards and state-of-the-art amenities. What would you say to buying this beautiful villa South View or our wonderful Penthouse Leo ?

The rental market: a strategic opportunity

Tourism continues to be an economic driver for Cannes. As a result, investors have realised that owning a property here is much more than a property investment: it's a way of life. passport to attractive rental income.

Properties close to tourist attractionsand beaches and entertainment venues are becoming particularly strategic investments. The digitisation of the market with online transaction platformsmakes these investments even easier. So it's much easier

Emerging districts: beyond the Croisette

While the Croisette remains a safe bet, other districts are emerging. Le Suquetwith its historic charm, and La Californie-Pezou are beginning to attract sophisticated investors. These areas offer value for money very interesting, especially with beautiful properties such as chalet William or the villa Siena for example.

It has to be said that these districts represent the future of Cannes real estate: a subtle blend of historic authenticity and promising modernity. Buyers see significant opportunities for added value.

In conclusion...

The luxury property market in Cannes continues to attract an international clientele in search of prestige and investment opportunities. Thanks to our expertise, Global Luxury Properties. can help you find the best opportunities in this dynamic sector. Don't forget that the outlook remains promising, underpinned by growing demand and prestigious events that add to the city's appeal.