LUXURY PROPERTY INDEX FRENCH RIVIERA AND MONACO NOVEMBER 2011 - Stable Christmas Market for Holiday Home Sales

The holiday season traditionally slows the second home market down as buyers spend time with family and on Christmas preparations.


This year the sales trend is continue to show growth with a 0.65% increase in sales since October, this is partly due to the price reduction on some properties following the approaching new capital gains tax.

With the Eurozone crisis and the high price of gold, there is an increase in buyers investing money in real estate with the aim to enjoy it as well as keeping it protected from a generally volatile financial marketplace. Some also takes the opportunity to invest as an advance on inheritance by buying the property in the name of their children.

  • Property sales continued up in November by 0.65%
  • Buyers rethink their way of investing and find new ways to use their property as advance on inheritance or a financial safe-haven
Τhe 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.

Featured Area: MOUGINS


Mougins is a small village only a 15-minute drive from the Bay of Cannes and is perfect for those not wanting to be quite so close to the bright lights of its neighbours who take centre stage further along the Riviera. Today there are 491 properties offered for sale in Mougins over €1m which gives a total market value of €1.46bn. A luxury villa here will cost an average of €2.980.000.

 

Beautiful Villa with Pool and Sea Views in Cannes Mougins







Stunning Villa in Mougins with Pool and Sea View

This newly renovated villa is situated in a quiet residential area of Mougins and enjoys a beautiful view of Cannes and the sea. The villa offers 4 bedrooms, 3 bathrooms, office, entrance hall with guest WC, living room with fireplace, large TV room, playroom/library, dining room and fitted kitchen with access to the laundry room. Landscaped grounds with a large pool, outside dining area and terraces, carport and parking. Guest studio.

Asking Price €2.750.000

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.