With 9.1% increase in air travel investing in property on the French Riviera is simply a ‘bonne idée’
The French Riviera with its chic, sophisticated lifestyle, undeniable French charm and not to mention that all-important warm climate is the place to be and be seen this summer.
Rented accommodation in the coastal city is bursting at the seams as visitors flock to world famous events, luring A-list movie stars and influential business tycoons alike. It is hardly surprising that the French Riviera has forever been a popular choice amongst overseas property investors looking to capitalise on a well-tested market.
Having adopted the ‘Life is a Festival’ motto, the French Riviera has an endless stream of events year round making it an ideal buy to let investment location. As The Cannes Film Festival ends, having successfully pulled in a whole host of global movie stars, world press and industry enthusiasts to celebrate the world’s filmmaking delights, the Monaco F1 Grand Prix will begin today, guaranteeing to attract many a petrol head.
As the population of the French Riviera explodes over the summer months, demand for event orientated and holiday accommodation grows with savvy buy-to-let property investors soaking up substantial rental incomes.
Charlie Williams, Business Development Manager of Terresens, France’s leading eco-friendly leaseback property developer, comments,
“Investing in property on the French Riviera is simply common sense. High rental yields can easily be achieved with the large volumes of tourists visiting the French Riviera each year along with the abundance of annual conferences and events taking place especially in Cannes, making the South of France an excellent choice for your overseas property investment.”
He continues,
“The short distance to the UK and the rest of Europe has made France one of the most popular choices for investment property buyers in the world. The market is extremely varied and offers major potential for investors. The South of France is a prime example with the airports of Nice and Marseille offering easy access to the French Riviera all year round, being serviced by low cost airlines such as Easyjet and Ryanair.”
Serious property investors are always on the lookout for key fundamentals that will sustain a market beyond the long peak summer season and therefore the reported increase in the number of commercial, business and helicopter flights in and out of Nice Côte d’Azur airport, with commercial air travel growing by 9.1 per cent and helicopter traffic rising by 4.1 per cent during April 2011, is surely good news.
With talk of A-list residents and private helicopters many would expect property on the French Riviera to come complete with an expensive price tag, however buyers will be pleased to know that there are more affordable options available that still offer the same luxurious quality one would expect.
Leading eco-friendly French leaseback developer, Terresens has just released Residence le Six located in Le Cannet, the business district of Cannes just 10 minutes from La Croisette, affording fabulous on-site facilities including a heated swimming pool and spa and fitness centre. Comprising fully furnished studio and 1 bedroom apartments complete with parking available from just €143,000 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 making this an ideal opportunity pull in weighty returns from the ‘star’ of the French Riviera.
For more information about investing in Cannes please contact Terresens on +44 (0) 2074 714 681 or visit www.terresensleaseback.com