Renowned both for its film festival and numerous international conferences, as well as its stunning beaches, Cannes attracts many investors each year looking for either a residence or a profitable investment. With its idyllic living environment, constantly increasing property value, and strong rental potential, discover why investing in Cannes remains a very sound decision!
Located on the French Riviera in the south of France, Cannes is a beautiful seaside town that enjoys sunny weather, warm summers, and mild winters. Close to the mountains, countryside, and numerous beaches, Cannes is an ideal destination for those seeking a better, softer life closer to nature. The city is clean and safe, known as a hub of luxury with high-end shops and top-tier gourmet restaurants, as well as premium houses and apartments. Cannes is manageable on foot—from the Forville market to the beaches of Palm Beach, strolling along the palm-lined Croisette with its freshly renovated palaces! It's an ideal city for foreign investors, thanks to its quality of life, its festival, conferences, and the Sophia Antipolis technology hub, gathering a vibrant community of international residents.
As a glamorous destination, the city of Cannes continues to grow in value: real estate prices have been increasing for decades. Even in 2024, despite the real estate crisis affecting France, Cannes prices have not seen a decline. At worst, they stabilize! Despite rising prices and an unfavorable real estate context, the city has never experienced a crisis: buying in Cannes is a safe investment!
Cannes is famously a tourist city, located by the sea with sandy beaches right in the city, attracting hundreds of thousands of tourists each year, including many wealthy visitors who come to enjoy luxury facilities and shopping. Seasonal rentals are therefore highly lucrative and yield very good returns. But the city does not only rely on summer tourism: Cannes is also renowned for hosting international conferences, drawing people all year round. Cannes is not just interesting for short-term rentals; located a stone's throw from Sophia Antipolis, the city is increasingly attracting tech workers who prefer urban living.
If you're looking to invest in Cannes, La Banane or La Croisette are excellent neighborhoods: centrally located, close to all amenities, shops, beaches, restaurants, and festivities. These areas will always be in demand and continue to increase in value. With the complete renovation (over 200 million euros!) of its historic casino, the already popular Palm Beach area will also experience a revaluation boom. Situated at the end of the Croisette, this privileged neighborhood, away from the summer crowds, is known for its prestigious real estate, quiet squares, and numerous beaches.
When one thinks of Cannes, large penthouses with stunning sea views often come to mind. Yet, Cannes offers a diverse range of real estate. With a consistently high price per square meter, typical for the French Riviera, the city offers numerous options, from modern villas with pools in the city heights to two-room apartments in the heart of the historic center. The market includes historic properties such as prestigious apartments or 19th-century English villas, and new properties throughout the city.
In France, to address housing shortages in certain regions, the government has implemented several tax reduction schemes for investors who rent out their properties long-term. If you are buying an older property, look into the "Denormandie" scheme for heritage protection. If you're investing in new properties, consider the "Pinel" scheme!
Investing in Cannes in 2024 represents an exceptional opportunity, given the quality of life, property appreciation potential, and dynamic rental market. The ongoing appeal of the city to both national and international investors makes the market competitive. Acting quickly is thus essential for those who wish to take advantage of this secure and profitable real estate investment.
