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Unique LivingThe site presents 169 properties for those who are planning to choose and buy a flat in Cannes. Go to the catalog and sort the housing by the desired parameters: price, area, number of bedrooms, and location. Contact the agent directly to discuss a suitable residence and details of the deal.
- Minimum price: €950005
- Highest cost of an apartment in Cannes: €10 million.
| Bedrooms | Minimum price | Maximum price |
|---|---|---|
| 1 bedroom | €200,000 | €1.94 million |
| 2 bedrooms | €310,000 | €3.9 million |
| 3 bedrooms | €482,300 | €5 million |
| 4 bedrooms | €799,000 | €9.6 million |
| 5 bedrooms | €1.35 million | €10 million |
- Minimum size: 60 sq. m;
- Maximum area: 221 sq. m.
The country does not give a residence permit for the purchase of property in France, but owners can apply for a Visitor visa lasting up to a year. For foreign investors, there is also a residence permit for up to 4 years under the Passeport Talent programme.
Apartments for sale in Cannes
Cannes, a glamorous city on the French Riviera, is renowned for its luxurious lifestyle, stunning beaches, and the prestigious Cannes Film Festival. Flats for sale in Cannes are equally prestigious, attracting international buyers seeking high-end properties and unique living experiences. The Cannes real estate market has shown resilience and growth, even amidst global economic fluctuations. In 2024, the market continues to thrive, driven by strong demand from both local and international buyers. The city offers a diverse range of properties, from chic apartments in the city center to opulent villas in France, overlooking the Mediterranean Sea.
The price range for local apartments varies significantly based on location, size, and amenities. The average price per square meter in prime locations like La Croisette can be quite high, reflecting the exclusivity and desirability of the area.
For prospective buyers, understanding the purchasing process is crucial. France's real estate acquisition procedures involve several key steps, including signing a preliminary contract (Compromis de vente), undergoing a due diligence process, and finally, the signing of the deed of sale (Acte de vente) in the presence of a notary. Foreign investors should be aware of the legal and financial implications, including potential taxes and fees associated with property purchase in France.
Reasons for investing in apartment in Cannes
Buying apartments in Cannes for investment presents a compelling opportunity for discerning investors, underscored by several key factors:
- Dynamic real estate market: Cannes' real estate market is characterized by a strong demand and a relatively limited supply, making it a dynamic yet strained market. This imbalance ensures that apartments here retain their value over time, making them a solid investment choice.
- High rental yields: The local rental market is robust, with average monthly rents for apartments showing significant variability, reflecting the premium on luxury and location within the city. For instance, as of April 2024, the median rental apartment prices in Cannes could reach up to €6,911, indicating a strong rental market that can offer high returns on investment through both long-term leases and short-term holiday rentals.
- Tourism influence: Cannes is a global tourism hotspot, renowned for its film festival, luxury shopping, and beautiful Mediterranean coastline. The city's tourism sector has shown growth, with a notable increase in overnight stays and tourism spending. This constant flow of tourists ensures a steady demand for short-term rental properties.
- Cultural and event draw: Beyond its economic and market-based appeal, Cannes' cultural significance and the plethora of events hosted annually contribute to its desirability as an investment location. These factors not only enhance the city's global profile but also ensure a continuous demand for accommodation, benefiting apartment owners.
- Strategic location: Cannes' strategic location on the French Riviera, coupled with its excellent transportation links, including proximity to Nice Côte d'Azur Airport, enhances its accessibility and appeal to international investors and tourists alike.
These factors collectively make Cannes an attractive city for real estate investment, particularly in the apartment sector, offering potential for both capital appreciation and high rental yields.
Buying apartment in Cannes
The city's allure, underscored by its dynamic market, high rental yields, and the continuous influx of tourists, makes it a prime location for investors. Luckily, purchasing an apartment in Cannes, France as a foreigner is straightforward with the Global Properties website.
The platform simplifies the search for apartments in France, helping investors and homebuyers navigate through the myriad of available listings. By providing detailed information on each property, including its features, location, and investment potential, the aggregator ensures that users can make informed decisions with ease. Whether looking for a luxurious waterfront apartment or a cozy residence in the historic Le Suquet district, finding the perfect match becomes a hassle-free process, not just in Cannes but also across France. This efficiency in property search and selection highlights the platform's value in the real estate investment journey.