Why Invest in Luxury Real Estate in Cannes?
Originally posted on & updated on 7th November, 2024
A world renowned seaside resort on the Riviera in the south of France, Cannes benefits from an exceptional setting, between sea and sun. This amazing city is home to many luxury retail outlets, gourmet restaurants, iconic hotels, and its famous film festival attracts millions of tourists yearly.
Cannes is just 20 kilometres from Nice international airport with many international airlines, the city is very well served by public transport. There are plans for high-speed train line that provide a direct link between Cannes and Paris.
A Prestigious Destination
A Rich Heritage of Events Cannois
Cannes has a rich cultural heritage and organises festivals and semi-permanent exhibitions that appeal to artists. The city also benefits from a real economic dynamism: the Palais des Festivals et des Congrès regularly organises events that attract many professionals.
Haut de Gamme, Prime and Super-Luxe
The area is a sunny and a very sought-after area with many ‘super-luxury’ properties, called ‘haut de gamme’ in French. The majority of the population is well-off and has an average age of 46 years. Peaceful and authentic, Cannes is appreciated by pensioners and families alike. The city benefits from 22 schools and many sports facilities (tennis courts, swimming pools, public gardens, gymnastics complexes, etc …).
More than the Cannes Film Festival
World-famous for its film festival, Cannes has a rich cultural life, with shows and exhibitions throughout the year including Midem and MIPIM. It is also home to several universities specialising in arts education as well as a conservatory of music and drama. Lovers of historical monuments are not to be outdone with the Trinity Chapel, the Lérins Abbey and the Batterie de la Convention.
A Vibrant Economy
Cannes’ economy is largely based on tourism: between the festival, the proximity to the sea, and leisure activities of all kinds, the city welcomes no less than 3 million visitors each year. The other growth sectors are trade, transport, accommodation, restaurants, and construction.
Best areas for Buyers and Investors
La Croisette on the Front
La Croisette is one of Cannes’ most popular tourist areas; it has a rather urban landscape and hosts several facilities dedicated to transport, health, and education. La Croisette is also dotted with many shops and Art Deco buildings. It stands out with its famous Promenade on the Chemin de la Petite-Croix. See our properties on La Croisette.
La Californie District
A mix of luxury residences and renovated villas, the Californie District is very popular with wealthy investors. You will find properties with a swimming pool, a tennis court, and a sea view. It has several green spaces and stands out for the elegance of its architecture. This quiet district has even been awarded the “Villes et villages fleuris” label. See our properties in La Californie.
Lively Suquet
This district is particularly lively and has many shops and restaurants. If you want to buy in Cannes with a limited budget, you’ve come to the right place. Houses in Le Suquet are indeed very affordable for investors and it is a pleasant area, popular with tourists in the summer.
We have a good selection new developments, exclusive apartments and prestige real estate for sale in this fantastic area, tell us about your plans and your dream luxury property in Cannes.
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