A good year to buy property in Cannes
I now have an exact transaction price comparison of sales in Cannes during 2011 compared to 2010. And this comes from the reliable source of the Cannes Mairie (the town hall)
The turnover for 2011 was 1663M euros, a 500M euro increase over 2010.
These figures come directly from Gilles Cima who is Deputy Maire of Cannes with responsibility for Urbanism. He says: 75% of the sales were for small and medium apartments, i.e. studios to 3 rooms, mostly between 150K and 350K euros. At the high level, that is apartments from 1.5M to 2M euros, most of the clients were foreign, especially Russians and Northern Europeans.
As I reported before, transactions in Cannes were 18% up from 2010 – so Cannes is certainly different to all the other areas of France! Maybe that’s why it’s the ideal for so many people from all over the world.
My clients really appreciate a buoyant and active market – so this pleases both buyers and sellers.
Contact me – Jackie Pressman of French Riviera Property Search – and we will find you your dream property AND ensure you buy it right.