Luxury Real Estate in France
Whether it is the celebrity draped promenades of Cannes, the naturally and architecturally beautiful Provence, or the historically acclaimed Loire valley, France is well known for its joie de vivre. The country’s relaxed way of life, renowned food and wines, along with good governmental facilities that comfortably combine traditional and modern means, attract people from all walks; beach lovers, activity nuts, culture vultures and gourmets; all looking for their ideal business or holiday destination.
French luxury estates have long tempted those with means to experience their bottomless excesses. It is believed that there are an estimated 40,000 chateaux in France. A variety of constructions fall under the category of a chateau. This includes century old castles, royal palaces, grand family manors and estates, all of which boast of former historic credence. Called by various names; ‘mas’ in Provence, ‘chartreuse’ in Dordogne and ‘manoirs’ in Brittany; the cheapest chateaux start from €5-8 million and generally include, among other things; antique furniture, attached farms and well-manicured lawns.
Ownership of such neo-classical gems also comes with discreet added advantages like a fast-track ticket to the upper echelons of French aristocracy, invitations to haute couture events and memberships of high-end eclectic clubs.
However, there is the dark side too. Maintenance costs to keep such heritage constructions in habitable conditions often run high. Most of the time, those who can afford to buy such castles are prepared for the running cost, besides there is reprieve available: Such chateaux and castles have noble heritage. Parts of the chateau, too, can be visited, allowing owners the possibility of fiscal benefits to finance the maintenance. Additionally, wine production allows wealth tax exemptions from the government.
The rich younger generation often prefer the high life of pulsating Paris, and Paris is cheaper than London. A mansion here comes at approximately half the price of the same in London. People often set base in Paris and then go to other places in Europe from there.
Less historically elaborate and still away from the humdrum of the city life, seaside residences and villas on the naturally beautiful French Riviera, have long been appealing and is another among the different home experiences offered by the country. International allure of the south of France has always been strong. There is also a level of prestige, the number of plots available here are limited adding to the exclusive status of this region.
Known as the playground of the rich and famous, the French Riviera is a popular holiday destination for business tycoons, Hollywood personalities and pop-stars. Property owners here include Australia’s richest man James Packer, Elton John and Kylie Minogue.
In the realm of this rarefied real estate, the areas of Saint-Jean Cap Ferrat, Beaulieu, Éze, Cap-d’Ail and Roquebrune Cap Martin are amongst the most sought after locations. Also popular are the trendy towns of St. Tropez, Cap d’Antibes and Cannes along with inland properties in the quieter hills like those behind Nice which come with sea views. For more details about this issue, visit this site: www.immobilierjavea.fr
There are homes that start at €5 million to €10 million and go up to an almost indecent €100 million. These really extraordinary properties at the very top end are limited and the demand is usually bigger than the supply.
“Good investment is one of the main reasons for purchasing a house or an apartment on the French Riviera – a famous leisure destination. The real-estate value here is always on the rise and owners can obtain good deals on re-sales,” says Sandrine Palmier of Burger-Sotheby’s, which was recently in India to participate in the luxury Exhibition Extravaganza held in Mumbai. This Cannes based real estate agency specializes in locations in and around the French Riviera
“We sell, rent and manage different types of properties; luxurious villas, penthouses, plots, waterfronts, and vineyards; all of which come with exclusive swimming pools, panoramic sea views and more, and are located in some of the world’s most scenic areas,” says Palmier. Talking about the Indian customer, she says, “We have noticed that Indians have classical tastes and are more interested in purchasing buildings and spacious houses rather than apartments on the Riviera.”