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Added 16/11/09
French Riviera maintains interest from overseas investors

 


The French Riviera has inspired many great artistes such as Renoir, Picasso and Matisse and Nice, the region’s capital, is undoubtedly one of the most picturesque cities in France.

This combined with its culture, gastronomy, history, climate, miles of beaches and excellent transport links make it a desirable year round destination for tourists, which is why it is popular with Fly to Let property investors.

A Place In France, a provider of new build properties, is marketing a small portfolio of five developments in this glamorous region to attract UK investors.

Its first offering is at Nice Vieux Port - one of the finest ‘quartiers’ of the city. Lively all year round the area’s lovely atmosphere captures the old heart of Nice with a variety of restaurants and narrow cobbled streets with traditional boutiques and shops. The new development offers a range of studios, one and two bedroom apartments with balcony and prices start at a very affordable €105,000.

The properties are close to the station and university, making them an attractive investment with long term good capital growth and seasonal or residential letting potential.

Other developments on offer include 10 Provencal style villas in the prestigious residential Bellet development which is a short 10 minutes drive from Nice centre. Each villa comes with its own pool and prices start from €485,000.

Then there is the Fabron development which is minutes away from the Promenade des Anglais. It offers 29 apartments with 180º panoramic views over the mountains and sea in the distance and prices starting from €395,000.

The similarly named Haut Fabron has properties starting from €363,000 and offers 14 apartments and 15 houses with a residents’ swimming pool.

For investors looking for places in the heart of the action there is another development in the centre of Nice and within walking distance of numerous restaurants, cafes, boutiques and shops, the beach, Old Nice and the Place Massena. Prices start at €350,000 for a one bedroom apartment.

Patricia Fevrier, the owner of Portsmouth-based A Place in France, said: “Despite the uncertainty about property values worldwide and talks of prices falling further, France is riding the downturn with prices levelling and in some areas now on the up.

“The French Riviera is still a favourite with sustained interest from overseas buyers. Climate, lifestyle, letting potential and good accessibility is part of the attraction for the region and buyers perceive it as a safe long term investment destination.”


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