New wealth survey show rise in the value of homes for Millionaires on the French Riviera - A new wealth survey from Beauchamp Estates France has shown that there has been a 20% rise in the value of homes for Millionaires on the French Riviera. Luxury home values are being driven by the return of international buyers from the US, Nordic and India according to the findings. Prime residential property values along the French Riviera rose on average by 15% to 20% between 2019 and 2023. The new survey has reviewed the ultra-prime residential property market on the French Riviera analysing the market between St Tropez and St-Jean-Cap-Ferrat including the resorts of Cannes, Mougins, Cap d’Antibes, Cap-d’Ail and Beaulieu-sur-Mer. The survey found that ultra-prime properties along the French Riviera are valued from €15 million (£12.85 million) up to €500 million (£430 million). With a large oceanfront villa now commanding an average value of £20.4 million (€24 million), higher than an equivalent villa in London’s St John’s Wood (£15.4 million) or a townhouse in Mayfair (£18.8 million). Beauchamp Estates (France) say that for homes valued above €15 million (£12.85 million) along the French Riviera, prices have risen on average by 15% to 20% between 2019 and 2023. Which exceeds the performance of similar luxury homes in London where equivalent values rose by 13%. The top six French Riviera locations that command the most valuable luxury homes in rank order are Cap Ferrat, St Tropez, Cap d’Antibes, Cap-d’Ail, Beaulieu-sur-Mer and Roquebrune-Cap-Martin. In addition Beauchamp Estates (France) do not think the recent French Election will have a negative impact on super prime home sales on the French Riviera, especially with international purchasers. The four Beauchamp Estates offices in the South of France are part of the Beauchamp Estates international network. This includes offices in London, (Mayfair and St John’s Wood), Greece (Mykonos), Israel (Tel Aviv) and an associate office in Manhattan (USA). For further information on Beauchamp Estates (France) Tel: +33 (0)4 9292 23 69 or visit: www.beauchamp.com
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