GOLF JUAN, FRANCE, November 07, 2012 (Press-News.org) Paris's double-edged accolade is just what those with property for rental in the capital will long to hear. Europe has always had a very healthy rental market and whilst those seeking long term rental property in Paris are finding their budget isn't stretching as far as they might wish, short term lets in Cannes are in demand and are providing a substantial return on investment.
Cannes is seeing very much the same trend as Paris. Whereas other European countries and even French cities are seeing their rental market curtail, rental properties and real estate in Cannes remains buoyant. In fact a few areas of this Mediterranean festival town are surpassing even Parisian prices, with some sea view properties commanding asking prices exceeding EUR38,000 per sq metre.
Each year Cannes welcomes an incredible 9.4 million visitors to its streets according to National Institute for Statistics and Economic Studies (INSEE). What draws many to this town is its constant conferences, industry shows, conventions and festivals occurring throughout the year. According to data compiled by INSEE, one fifth of visitors to Cannes are on business.
Whilst some choose to stay in hotels, many still prefer the comfort and privacy that comes from staying in a Cannes rental property on a short term let. This solution is ideal for owners wishing to profit from their Cannes property investment when they aren't using it themselves. And, since the permanent population of the city is roughly 73,000, there are no legal barriers to short-term rentals as there would be should a cities permanent population exceed 200,000.
The Cannes property market offers a unique buy-to-let opportunity to investors due to its diverse and busy events calendar. Located only 24km from Nice International Airport, which sees over 10 million visitors pass through its gates each year, and a rail network connected to some of the largest cities in central Europe, Cannes is a Mediterranean city that has a lot to offer visitors and therefore potential property investors
Yacht & Villa group consists of two separate divisions: "Yacht" and "Villa". Our property consultants handle a portfolio of luxury property for sale in South of France as well as rental across the French Riviera including Cap d'Antibes villas, property for sale in Cannes, buildings for sale in Monaco, and luxury real estate throughout the South of France.
Website: http://www.yacht-villa.com
A Sound Investment: Cannes' Buy-to-Let Market
Paris has recently overtaken London as the most expensive place to rent in the world. However, what few realise is that Cannes is not far behind its capital counterparts with regards to investment potential in the buy-to-let market.
2012-11-07
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[Press-News.org] A Sound Investment: Cannes' Buy-to-Let MarketParis has recently overtaken London as the most expensive place to rent in the world. However, what few realise is that Cannes is not far behind its capital counterparts with regards to investment potential in the buy-to-let market.