For Americans, the French Riviera is very appealing

How Trump Is Driving More Luxe Home Sales Along the French Riviera

But contact me, Jackie Pressman at French Riviera Propery Search (www.Frenchrivierapropertysearch.com)
for a property you will love, at more modest prices.

Low interest rates and a strong dollar also are driving American buyers looking for “backup homes” in the region. Says one broker: “My phone started ringing the morning after he became president, and it hasn’t stopped since.”

Chagall came for the light, F. Scott Fitzgerald for the hospitality, Queen Victoria for the solitude, Jack Nicholson for the women and Keith Richards for the, er, inspiration (and maybe the drugs). From the shimmering coastline of the Cote d’Azur to the villages of the countryside, the South of France has been seducing the famous and the talented for more than a century.

Remarkably, the area in and around Cannes has never gone out of fashion — in fact, it’s more popular than ever, attracting an extravagantly well-heeled business crowd that includes tech moguls such as Paul Allen (whose Saint-Jean-Cap-Ferrat digs reportedly keeps a staff of 12 for year-round maintenance) and Russian oligarchs such as Andrey Melnichenko (who can gaze upon his new $450 million yacht from the terrace of his ginormous hilltop villa in Antibes).

Among the non-billionaires still wealthy enough to afford eye-popping property within an hour’s drive of Cannes are such stars as Tina Turner, who designed her own home in Villefranche, complete with a Buddhist altar; Elton John, whose villa on Mont Boron often hosts pals including Elizabeth Hurley and Neil Patrick Harris; and Bono, whose art deco dazzler in Eze Bord de Mer sits directly on the beach. This summer, music mogul Clive Davis is renting a home in Saint-Tropez.

Even divorce can’t separate some people from their beloved South of France environs: While the sprawling “hamlet” in Plan-de-la-Tour where Johnny Depp and Vanessa Paradis lived for more than a decade is on the market, she already scooped up a nearby home to share with their two children. Even Chateau Miraval, the lavish, rosé-producing estate where Brad Pitt and Angelina Jolie frequently escaped with their six kids, appears to be staying in the family (exporting their homegrown olive oil is in the works). Both have visited the estate since their split — separately — with Jolie often making the short hop from Nice to the Riviera by helicopter, which she pilots herself.

For those with a burning desire to own a primary or secondary home here, never fear: Being famous isn’t a requirement for breaking out the Bain de Soleil and brushing up on your French. Of course, if your wish list includes actual views of those legendary cerulean waters, you will have to break the bank, paying at least $1 million at the low end and up to $100 million at the high end — or even three times that, which is the reported asking price for Pierre Cardin’s Palais Bulles (Bubble Palace). The sculptural Theoule-sur-Mer estate, built between 1976 and 1989, was the setting for then-Dior creative director Raf Simons’ 2016 cruise collection and, until it’s sold, can be rented for about $30,000 a day.

Cardin’s cave-inspired, 13,000-square-foot Palais Bulles has dozens of rooms, three pools and a 500-seat amphitheater.
Cardin’s cave-inspired, 13,000-square-foot Palais Bulles has dozens of rooms, three pools and a 500-seat amphitheater.
Cardin’s Palais Bulles
Cardin’s Palais Bulles

Within the city of Cannes, there are chic seven-figure options such as a 1940s car garage converted into a three-story, 7,500-square-foot apartment (with a separate studio) that’s on the market for about $3.26 million from brokerage Knight Frank. “For around $2 million, maybe you can get a townhouse with no sea view,” explains Angie Delattre of luxury property firm Michael Zingraf Real Estate (which specializes in the French Riviera); she recently sold a Belle Epoque waterfront manse near Monaco for around $30 million. “But for that same price or even a little less, you could get a modest house in Super Cannes [a residential area in the hills above the city] or a traditional stone house in Mougins or Saint-Paul de Vence.”

A buyer could put about $53 million into the Chateau de la Croix des Gardes, just minutes from Cannes, where scenes from Alfred Hitchcock’s 1955 classic To Catch a Thief were filmed — it hit the market publicly via Sotheby’s International early in 2016 for the first time in 56 years.

“Americans come to France for the way of life, to look for authenticity,” notes Sylvie Besse of the Patrice Besse Group, a French company specializing in historic properties. “Environment is very important — many want an art deco villa designed by a great architect with a panoramic sea view or a pretty stone house in a medieval village.” Besse has just such a listing about 30 miles from Cannes in the medieval hilltop town of Seillans — a stone Provencal house listed for about $1.6 million.

This three-bedroom loft in the old port of Cannes is a Knight Frank listing.

This is a three-bedroom loft in the old port of Cannes.
Besse’s historic stone house in Provence.
Historic stone house in Provence.

Low property taxes and no residency requirements are definite upsides for Americans looking to purchase a home in France; the downside is that mortgages are difficult for Americans to get there, and without a mortgage, pricier properties (around $1 million and above) are subject to higher taxes. And if you want to rent out your place, profits will be taxed in the U.S. as well as France. Another interesting quirk of French law: If you sell your home there after owning it for less than 15 years, you’ll pay steep capital gains taxes (around 33 percent), but if you’ve had it for 15 years or more, no such tax applies.

I (Jackie Pressman) can introduce you to a mortgage company; or obtain a bank account for you (Americans) here which is very important for your day-to-day living and which is otherwise very difficult.  I can also introduce you to a wonderful (and safe) currency transfer company, an English-speaking Notary, and a very highly recommended investment company which knows well the complicated tax and legal requirements of France/America. France has a Napoleonic system which is very different to the American methods. 

Nonetheless, most agents say it’s an excellent time to acquire property in France’s southernmost region. “It is actually a buyer’s market. There are a lot of properties for sale, but it’s also a very stable market,” says Delattre. “It used to be that people only came here from around Easter until the end of October, so it was a limited season, but it’s become a place where all the shops and restaurants are open because people live here all year round.”

Along with low interest rates and a strong dollar favoring Americans, Jackie also says that the lifestyle here is unsurpassed with the quaint villages, fresh markets, marvellous food and wine, over 300 days of endless sunshine, the beautiful coast and sandy beaches.  So elegant.  Nothing is as good as the French Riviera.

This story first appeared in the May 10 issue of The Hollywood Reporter magazine. To receive the magazine, click here to subscribe.

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2017 Cannes Film Festival – 17 to 28 May

The films in competition this year have been announced:

La liste des 18 films en compétition pour la palme d’or au Festival de Cannes 2017:-

The Meyerowitz Stories, de Noah BaumbachOkja, de Bong Joon-Ho

Aus Dem Nichts (In The Fade), de Fatih Akin

120 battements par minute, de Robin Campillo

The Beguiled, de Sofia Coppola

Rodin, de Jacques Doillon

Happy end, de Michael Haneke

Wonderstruck, de Todd Haynes

Le Redoutable, de Michel Hazanavicius

Geu-Hu (The Day After), de Hong Sang-soo

Hikari (Radiance), de Naomi Kawase

The Killing Of A Sacred Deer (Mise à mort du cerf sacré), de Yorgos Lanthimos

A Gentle Creature, de Sergei Loznitsa

Jupiter’s Moon, de Kornél Mundruczó

L’Amant double, de François Ozon

You Were Never Really Here, de Lynne Ramsay

Good Time, de Benny Safdie & Josh Safdie

Nelyubov (Loveless), d’Andrey Zvyagintsev

In the category of UN CERTAIN REGARD

Après La Guerre (After The War), de Annarita Zambrano

Wind River, de Taylor Sheridan

Jeune Femme, de Léonor Serraille

En Attendant Les Hirondelles (The Nature Of Time), de Karim Moussaoui

Lerd (Dregs), de Mohammad Rasoulof

Posoki (Directions), de Stephan Komandarev

Out, de Gyorgy Kristof

Western, de Valeska Grisebach

Fortunata (Lucky), de Sergio Castellitto

Las Hijas, de Abril (Les Filles D’avril / April’s Daughter), de Michel Franco

L’Atelier, de Laurent Cantet Tesnota (Etroitesse / Closeness), de Kantemir Balago

Aala Kaf Ifrit (La Belle Et La Meute / Beauty And The Dogs), de Kaouther Ben Hania

La Fiancée du désert, de Cecilia Atan et Valeria Pivato

Barbara, de Mathieu Amalric

HORS COMPÉTITION

Visages, d’Agnès Varda et JR

How to talk to Girls at Parties, de John Cameron

Mitchell Mugen Non Jûnin (Blade Of The Immortal), de Takashi Miike

SÉANCES SPÉCIALES ET SÉANCES DE MINUIT

Prayer Before Dawn, de Jean-Stéphane Sauvaire

Ak-Nyeo (The Villainess), de Jung Byung-Gil

Bulhandang (The Merciless), de Byun Sung-Hyun

Demons In Paradise, de Jude Ratman

Sea Sorrow, de Vanessa Redgrave

Napalm, de Claude Lanzmann

Promised Land, d’Eugene Jarecki

Clair’s camera, de Hong Son-soo

They, d’Anahita Ghazvinizadeh

Une suite qui dérange, de Bonni Cohen et Jon Shenk

Douze jours, de Raymond Depardon

COURTS MÉTRAGES

Pépé Le Morse, de Lucrèce Andreae

A Drowning Man, de Mahdi Fleifel

Lunch Time, de Alireza Ghasemi

Across My Land, de Fiona Godivier Koniec

Widzenia, de Grzegorz Moda

Xiao Cheng Er Yue, de Qiu Yang

Damiana, d’Andrés Ramirez Pulido

Push It, de Julia Thelin

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Suddenly announced UK election

UK data releases are in pretty short supply this week, so everyone returned from the Easter break assuming that sterling movement would be fairly minimal.

As it happened, PM Theresa May unexpectedly put a cat among the pigeons and inspired some of the pound’s best gains since the EU referendum last year.

PM May had previously asserted that there would be no election before 2020 so her sudden turnaround was surprising to say the least.

She stated: ‘Division in Westminster will risk our ability to make a success of Brexit and it will cause damaging uncertainty and instability to the country. So we need a general election and we need one now, because we have at this moment a one-off chance to get this done while the European Union agrees its negotiating position and before the detailed talks begin.’

At this time it is expected that the election will see PM May gain a larger majority in parliament – an outcome which would improve the government’s ability to follow through with the aims of its Brexit negotiations.

The pound sterling to euros surged from 1.17 to 1.19 today.  There were also surges in the pound against US$ and other currencies.

If you’re thinking of making a transfer please contact me, Jackie Pressman, and I will ensure you get the best and safest transfer.

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2017 Cannes Film Festival Poster

When you live here, the Film Festival is an exciting time for spectators and to be present is wonderful.  Contact me, Jackie Pressman, to find your perfect vacation home on the French Riviera.


The poster for the 70th anniversary of the Cannes Film Festival features Italian acting legend Claudia Cardinale.

A dancing, laughing, skirt-swirling Claudia Cardinale graces the official poster for the 70th anniversary of the Cannes Film Festival.

Cannes unveiled its official poster Wednesday, which celebrates the Italian actress and social activist in red-and-gold glory.  The 70th Cannes Festival runs Wednesday May 17th to Sunday 28th.

‘I am honoured and proud to be flying the flag for the 70th Festival de Cannes,’ said Claudia Cardinale in a statement, ‘and delighted with this choice of photo. It’s the image I myself have of the Festival, of an event that illuminates everything around. That dance on the rooftops of Rome was back in 1959. No one remembers the photographer’s name… I’ve also forgotten it. But this photo reminds me of my origins, and of a time when I never dreamed of climbing the steps of the world’s most famous cinema hall. Happy anniversary!’  On April 15th this year Claudia Cardinale will be 79!!

The poster was designed by Bronx agency in Paris with Philippe Savoir of Filifox creating the image’s visual identity.

Pedro Almodovar will preside over this year’s Cannes Festival jury, and Italian-French actress Monica Bellucci will serve as master of ceremonies. Cannes’ full competition lineup will be announced April 13.

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The UK will withdraw from the EU today by actioning their article 50

The Prime Minister, Theresa May, will provide notification for the withdrawal from the EU in the next few hours. A historic day in British politics is set to unravel and the two-year window for negotiations will start.

It’s difficult to predict which way the exchange rates will move however increased market volatility is clear.

We advise all International clients out of the euro zone buying or selling currency in the coming days/weeks should talk with a currency exchange specialist for optimization of funds and information about latest market movements.  We can recommend a good, safe, reliable and leading exchange rate specialist and you MUST use them instead of a bank.  The reasons are:

  1. You save up to 4% compared to your local major bank.
  2. You have a dedicated foreign exchange expert to guide you and to transfer your money at the optimal moment.
  3. You can arrange for forward contract with fixed exchange rates for up to two years – this protects you from adverse currency movements.
  4. You can limit your order and target a rate of exchange with your dedicated dealer.
  5. There is a 24-hour monitoring servicing enabling you to trade at the most advantageous rate of exchange.
  6. You can take control of the exchange rate offered – major banks often do not provide rates and market expertise.

So ask me, Jackie Pressman, at Jackie@FrenchRivieraPropertySearch.com, for a reliable and safe currency exchange company who does wonderful transfers in either direction for our clients.

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EasyJet teams up with French Tourism Development Agency

Jackie Pressman of French Riviera Property Search says “all of the people visiting the cote d’azur love it here and some of them will want to find a vacation home so they and their families can come back whenever they want”.  Did you know that Cannes is a convention town with about 1 convention every month.  You can rent out your apartment for additional income whilst you’re not here.  Contact me to assist you in your search for your next home”

We learn some interesting facts today which will bring more people to this beautiful area of France:

EasyJet is to promote tourism to France from the rest of Europe with an “inspirational” promotional push.

A three-year partnership with Atout France, the French Tourism Development Agency, will start in the UK.  The campaign will focus on promoting Paris and the Cote d’Azur, including Nice and the surrounding region, in the UK.

The multi-media advertising and experiential marketing campaign will have a spend of around €1 million and kicks off in March.  Activity will include outdoor advertising as well as digital advertising, social media support and an experiential event for members of the public.

The UK-based budget carrier is the second largest airline in France, with almost 17 million passengers in total, of which more than one million fly between the UK and Paris every year.  The airline is also the largest airline at Nice airport, carrying more than three million passengers a year to and from the region with more than 220 flights a week.

The airline’s digital and marketing director, James Millett, said: “France is such an important market and remains popular with our UK customers.  This inspirational campaign will seek to show everything France has to offer from a city break in Paris to a holiday in the French Riviera.”

Gwenaelle Maret-Delos, managing director for Atout France in the UK, added: “Atout France is delighted to partner with easyJet for this campaign and together continue to welcome more than 10 million British tourists to France.

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Advice for teenagers – The best (and worst) French chat-up lines

When someone is looking for a home here on the Riviera, often their teenagers ask me for some advice.  So these are good French phrases for them to learn. Meanwhile, for your place on the Riviera – large or small – contact me, Jackie Pressman, and I will find you your perfect property.  Go to my website www.FrenchRivieraPropertySearch.com and just look at my references!

These are some of my favourite French chat-up lines which will make you both laugh and cringe! But I must tell them to be careful who they try them out on…

Est-ce que tu as un plan? Je me suis perdu dans tes yeux.
Do you have a map? I got lost in your eyes.

Tu n’as pas eu mal quand tu es tombé du ciel?
Didn’t you get hurt when you fell from heaven?

Est-ce que ton père a été un voleur? Parce qu’il a volé les étoiles du ciel pour les mettre dans tes yeux
Is your dad a thief? Because he stole the stars from the heavens to put them in your eyes.

Tu dois être fatiguée parce que tu as trotté dans ma tête toute la journée.
You must be tired, because you’ve been running through my head all day.

Si le verbe aimer n’existait pas, je l’aurais inventé en te voyant.
If the verb ‘to love’ didn’t exist, I would have invented it upon seeing you.

Tu t’appelles Google ? Parce que je trouve en toi tout ce que je recherche.
Is your name Google? Because I find in you everything that I’m looking for.

La seule chose que tes yeux ne me disent pas, c’est ton nom.
The only thing your eyes don’t tell me is your name.

These are my favourites:

Vous ressemblez beaucoup à mon prochain petit ami
You look a lot like my next boyfriend/girlfriend.

Excuse-moi, j’ai perdu mon numero de telephone. Est-ce que je peux emprunter le tien?Excuse me, I lost my phone number. Can I borrow yours?

Est-ce que tu crois au coup de foudre au premier regard ou est-ce que je dois repasser?
Do you believe in love at first sight? Or should I walk by again?

Je viens d’arriver dans ta ville. Est-ce- que tu pourrais m’indiquer le chemin jusqu’à ton appartement?
I’ve just arrived in the city. Could you tell me how to get to your apartment?

Si je t’aide à apprendre l’anglais, est-ce que tu m’apprendras comment embrasser à la française?
If I help you learn English, will you teach me how to French kiss?

Comment dit on “I love you” en francais?
How does one say “I love you” in French? (Feel free to reply Je t’aime aussi (I love you too) when they tell you the answer!)

Excuse-moi. Est-ce que tu embrasses les inconnus ? Non ? Donc, je me présente.
Excuse me, do you kiss strangers? No? Then let me introduce myself.

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Happy New Year

Whatever you have been celebrating and wherever you are, I wish you a wonderful, healthy and successful New Year of 2017.

Jackie Pressman, French Riviera Property Search SARL

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Cannes Film Festival Poster. Contact me for your own apartment in Cannes

Film

 

This is the poster which has been chosen to promote the 69th Cannes Film Festival this year.  The image is designed using stills from Jean-Luc Godard’s film ‘Contempt’.

It’s all there. The steps, the sea, the horizon: a man’s ascent towards his dream, in a warm Mediterranean light that turns to gold. As an image it is reminiscent of a timeless quote by Michel Mourlet used at the beginning of ‘Contempt’ (Le Mépris) : “Cinema replaces our gaze with a world in harmony with our desires”.   But never mind all this glorious high-minded description – to me it is evocative of the opening of all films shown at the festival – with a staircase through the sea to the music of Saint-Saens’ Aquarium from the Carnival of the animals.

This year the Festival runs from Wednesday 11th May to Sunday 22nd May and the Head of the jury is Australian director George Miller.  The opening film on the 11th (where all the members of the Jury are introduced) is not in competition and is Woody Allen’s new film “Cafe Society”.  The film is set in the 1930s Hollywood.

So contact me, Jackie Pressman of French Riviera Property Search SARL, and I will find you a lovely apartment within 10 mins easy walk of the Palais des Festivals.  You can rent for all the conventions (about 1 a month) and use your apartment when not rented.

Join us in Cannes for a wonderful life on the Riviera.

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The Cannes Film Festival – Wednesday May 11th to Sunday May 22nd 2016

We are advised today that the Film Festival will be opened with a Woody Allen film entitled “Cafe Society”.  This is a new film of his starring Jesse Eisenberg and Kristen Stewart.  This is the 3rd time that a Woody Allen film has opened the Cannes festival – he is much loved in France!

Apartments in Cannes are getting very high rental prices for these big international conventions.  Speak to me – Jackie Pressman of French Riviera Property Search SARL – to buy your dream apartment in Cannes within 10 minutes walk of the Palais des Festivals and rent it out for all the conventions (about 1 a month) and use yourself when not rented.

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