French Riviera Prime residential research 2024

Overall real estate investment in the French Riviera totalled €2.1billion in 2023 so is now the time to buy on the French Riviera?

Welcome to the Spotlight on the Côte d’Azur for 2024, where we examine the key trends across the French Riviera's prime residential property.

A sought-after destination.

The French Riviera has been a top destination for almost the past two centuries. From the holidaying British aristocracy in the 1850s to the global jet set of today, the Côte d’Azur remains the location to see and be seen. The region maintains a reputation of luxury for both primary and secondary residences by ticking all of the boxes for leisure, lifestyle, connectivity and international reputation.

“Even as new hot-spot second-home destinations enter the global consciousness, the Riviera will likely remain at the top over the longer term as there are very few locations which can match the heritage, amenities, and calibre of the local prime residential property.” – Alex Balkin, Executive Director, Savills French Riviera.

Listen again to the Savills French Riviera webinar.

Where to invest on the French Riviera.

With locations as varied as the terrain across the Riviera, how do the locations compare? Pricing is a key factor to consider but lifestyle, amenities, connectivity and global reach shouldn’t be forgotten. The Savills French Riviera Research report compares the regions in an interesting ‘Joie de Vivre’ index, which sees the city of Nice top the charts for Connectivity, hospitality, accessibility and a true range of facilities.

A resilient market and a key global destination

As with other global markets, recent global economic headwinds have slowed residential sales volumes, however, interest in the Côte d’Azur remains high, with the region’s prime markets truly supported by a global demand base.

Stable pricing and sought-after appeal.

Property is a big business on the Côte d’Azur and a key to the strength of the property market is the resilience of the market, pricing and appeal, showcasing a stable market where property prices rebounded by 12.7% in 2021 and then steadily in 2022 and 2023 respectively in the post pandemic phase.

Download your copy of the French Riviera research here or contact us to discuss your property project.