As the French real estate market experiences a period of slowdown, luxury real estate on the French Riviera shines like a gem, defying global trends. In an article by Michael Miguères, featured in the winter 2023 issue of Forbes France, attention turns to this haven of opulence and exclusivity.
The overall market is declining, affected by rising interest rates that hinder access to credit for many buyers. In Paris, transactions have significantly decreased, with a notable reduction in the average price per square meter. However, in the realm of absolute luxury, the rules of the game are different. Exceptional properties, often located by the sea or perched on hillsides with breathtaking panoramas, continue to allure wealthy clientele from around the world.
The refuge aspect of luxury property manifests itself here vividly. These properties, much more than mere acquisitions, represent status symbols, architectural works of art steeped in history, situated in unparalleled locations. Buyers in search of trophy assets are not impacted by fluctuations in interest rates, as their financial independence allows them to make acquisitions without resorting to borrowing.
On the French Riviera, the perfect marriage between high-end property amenities and the cultural and geographical riches of the region ensures success with savvy investors. Waterfront villas, historic castles, and private estates not only offer an idyllic living environment but also unparalleled intimacy and exclusivity. Some real estate groups boast the exclusive marketing of some of the most expensive properties on the market, reaching up to 350 million euros.
In a global context marked by uncertainties, luxury real estate on the French Riviera offers unparalleled investment security. In the face of global competition, this region remains an undisputed pillar of the luxury market, providing a unique and reassuring experience for wealthy buyers, whether they seek the cultural buzz of Paris or the seaside serenity of the French Riviera.