LUXURY PROPERTY INDEX - FRENCH RIVIERA AND MONACO 2011 SUMMARY - “French Riviera Luxury Property Prices down 5% in 2011”

 The fresh data for the luxury holiday home market shows us that 2011 has been a year where prices on the Riviera went down, but also a year where the number of sales increased.


It proves yet again that even in a difficult financial climate the French Riviera and its properties remain a secure investment and a preferred destination for second home buyers.

In 2011 the average price for a luxury property declined by 5.06% but sales figures shows us a strong growth of 16.29% in the number of transactions, mainly due to better prices and a need for a safe investment.

 

  • 2011 saw a 5.06% drop in luxury property prices on the French Riviera
  • Sales are up by 16.29% as the Riviera remains a secure long term investment
  • The average price for a Riviera luxury property is €2.117.349

 

The EstateNetFrance.com Research Luxury Property Index offers a unique and independent view of the French Riviera and Monaco’s luxury property market. The monthly index reflects the evolving prime market, and for the first time provides authoritative data for the world’s most exclusive holiday home destination. It segments the upper end of the market for apartments and villas within the Alpes-Maritimes department and Monaco, in groups of €1million to €3million, €3million to €5million, €5million to €10million, €10million to €20million and €20million and up.

Comment: The luxury property market is considered in this monthly index to be any house or apartment priced to sell on the open market for a minimum of €1.000.000.