It Cannes be done – property on the French Riviera from just €150,000
Cannes, known as the ‘star’ of the French Riviera, tucked away in La Napoule bay is popular for its glamorous A-list lifestyle, exquisite location, warm climate, world famous festivals and accounts for 1% of the world’s tourism, an astonishing achievement for such a small city.
Once you set foot into Cannes it is easy to see what the attraction is. The unbelievable amount of wealth is obvious with jaw dropping sports cars revving their engines and luxurious yachts dominating the bay whilst the streets are lined with designer boutiques and high quality restaurants.
Having adopted the ‘Life is a Festival’ motto, it would seem that life in Cannes is certainly this, with an abundance of international galas taking place every year bringing together the rich and famous from every corner of the world with the international Record and Music Market stopping by in January and the International Market for Television Programs taking place in April and May.
Of course, the highpoint of the year is always the Cannes Film Festival which opens today, luring in movie stars and celebrities, the global press and industry enthusiasts to sing the praises of the year’s filmmaking sensations. Not surprisingly the population of Cannes explodes during the festival as visitor numbers almost treble, resulting in increased demand for rental accommodation.
Back in March, MIPIM Cannes, a well-known global trade show, brought together some of the most influential real estate investors to discuss business ideas and all things property related. As expected, property owners in Cannes will be clapping their hands right about now, soaking up substantial rental incomes from the film festival indicating to other potential buyers that owning a property in Cannes could be a smart move to make.
Charlie Williams, Business Development Manager of Terresens, one of France’s leading eco-friendly leaseback property developers, comments,
“It is no surprise that Cannes remains one of the most sought after property markets in Europe if not the World. The sheer number of visitors, the first class amenities, desirable location and world class festivals means the quality of living cannot be rivalled. In my opinion, those looking to buy a property for personal use or to rent out can do no better than Cannes.”
Due to its notoriety many would expect property in Cannes to come complete with a designer price tag but this isn’t always the case. This summer’s most hotly anticipated luxury leaseback development, Residence Le Six, has just been released by Terresens with fully furnished studio and 1 bedroom apartments with parking available from just €150,000.
Located in Le Cannet, the business district of Cannes just 10 minutes from La Croisette, Residence Le Six affords a premium location and superb on-site facilities including heated swimming pool, spa and fitness centre. Furthermore investors can enjoy the best of both worlds through the leaseback programme with up to 4.25% guaranteed returns index-linked and personal usage options.
For more information about investing in the “star” of the French Riviera, Cannes, contact Terresens on +44 (0) 2074 714 681 or visit www.terresensleaseback.com