“Could it be the famous Cannes micro-climate?” says today’s Nice Matin newspaper. “Cannes is leading the country in sales” says this same newspaper today.
Property transactions are 18% up in 2011 from 2010 (and at higher average prices)
But in all of France sales transactions were down an average of 7% in 2011 from 2010.
We have always known and always told you that the property market here in the Festival City is influenced by buyers from all over the world. Today’s report advises that Cannes remains an exception to the rest of France property markets.
Jackie Pressman and French Riviera Property Search are still very upbeat about purchasing in Cannes – apartments for rental return or for luxurious living, and villas for the quieter relaxed family life.
It is a buoyant market all along the Cote d’Azur – contact us to find your own dream property and to be sure that the way you purchase is tax-efficient and legally correct for your own personal requirements. NB French inheritance tax is formulated quite differently than in other western countries.