With over 20 years experience selling the finest homes on the Riviera, from the Italian border to Saint-Tropez, Savills French Riviera offers unparalleled knowledge, expertise and client care, combined with the strength of a global brand associated with exceptional real estate.
Savills is an undisputed world leader in residential real estate. Founded in 1855 and listed on the London Stock Exchange, Savills is a truly global property company.
We are entrusted with the sale of some of the world’s most desirable properties, and specialise in estates that are truly unique, with more than 700 offices and associates worldwide, Savills are in an unrivalled position to match buyers to properties.
Our expertise revolve around bespoke service, qualified research, an exceptional buyers register, top technology, tailored marketing, carefully selected and trained operators, and of course, a star brand in property.
Operating across the French Riviera since 2001, Savills combines the benefits of a leading international agency and the unrivalled expertise of a professional team ensuring our clients benefit from a powerful combination of local knowledge and international marketing presence.
Present within the most sought-after locations on the Côte d’Azur and French Alps, including Cannes, Cap d’Antibes, Cap Ferrat, Beaulieu, Saint-Tropez, Valbonne, Courchevel and Méribel, our knowledgeable, multi-lingual team would be delighted to assist you in all your property needs.
Head Office – 11 avenue Jean Médecin, 06000, Nice
Telephone : +33 (0) 4 93 87 41 15
Email : riviera@savills.com
Website : savills.fr/riviera
27th June
Nice tops Savills joie de vivre index
New Savills Spotlight on the Côte d’Azur
Overall real estate investment in the Riviera totalled €2.1billion last year, says Savills in its Spotlight on the Côte d’Azur. While this figure is -12.7% below 2019 volumes, the total number of deals are almost on par with pre-pandemic levels, down just -3% on 2019, and 41% above lows seen in 2021. In 2022 there was a flurry of activity in the region, a result of pent-up demand following lockdowns, and supply has been unable to match the demand.
“While transaction volumes have slowed, pricing has shown resilience”, says Kelcie Sellers, associate director, Savills World Research. “Prices in the Riviera, on a square metre basis, rebounded by 12.7% in 2021. Since then, prices per square metre have reached a plateau, growing 1.3% and 1% in 2022 and 2023 respectively.”
Prime residential prices vary greatly by location. In Saint-Jean-Cap-Ferrat and Saint-Tropez, prices for prime properties range between €11,000 to €46,000 per sq m, more than double some countryside locations such as Valbonne and Mougins (€4,500 to €17,000 per sq m).
Whilst the Cote d’Azur came in first in the Savills World Second Home Locations Index, the region offers many different enclaves each with different strengths. The Savills Joie de Vivre index ranks the prime Riviera markets by a range of metrics, including residential property prices, connectivity, hospitality, lifestyle and global reach.
Topped by Nice, where prime property prices can range from €10,000 to €16,000 per square metre, the city ranks high when it comes to connectivity and lifestyle attracting buyers from across Europe as well as the US and the Middle East.
In second place is Saint-Tropez, long the playground of the super-rich, the town remains a top destination for global second home owners thanks to the hospitality offering both in terms of food & beverage and shopping.
Saint-Jean-Cap-Ferrat takes third place. Privacy reigns supreme for buyers here and super prime properties can command premiums upwards of €80,000 per square metre. Transaction volumes grew by 25% between 2019 and 2023.
Moving to the countryside, Saint-Paul-de-Vence (9th), Mougins (13th) and Valbonne (18th), all score highly for their residential offering. Since the end of the pandemic, there has been an increased interest from the international buyers looking for a more family-oriented, primary residence lifestyle compared to the coastal regions.
Buyers across the Côte d’Azur are as varied as the locations along the Riviera themselves, explains Alex Balkin, executive director of Savills French Riviera. “While domestic French buyers are important, the market draws from a truly global pool of demand. European buyers tend to be from the Benelux region, Scandinavia, Germany, and the UK. Monaco is also a source of buyers, with residents of the Principality turning to the Riviera for second homes.
“We see buyers from the Middle East and in recent years, there has been increased activity from the US, who have been drawn to the Riviera lifestyle and have benefitted from the comparatively stronger US dollar.”
This week, Alex Balkin executive director of Savills Riviera confirms that the Côte d'Azur remains a prime location for second homes.
Alex Balkin, executive director from Savills Riviera tells us about the property market. Savills world research confirms the French Riviera as the number one holidays destination.
Alex Balkin, executive director of Savills French Riviera and French Alps, tells us more about the property Market this summer.
Alex Balkin, executive director of Savills French Riviera and French Alps, tells us more about the current real estate market and questions typically asked.
Alex Balkin, from Savills French Riviera & French Alps, tells us about the local property market and the appeal for international buyers.
