People who visit Cote d’Azur for vacation always wish to spend more time in southern France. That’s one reason why the demand for French Rivera real estate is increasing with every passing day.
Who doesn’t want a relaxed lifestyle and a house under the blue skies of Southern France? The peaceful environment, favorable weather, and luxurious lifestyle make French Rivera an ideal site to purchase your post-retirement or holiday house.
If you are looking forward to permanently moving to the South of France, French Rivera real estate should be your priority. If you are a new property hunt, the process might be a little challenging for you. But don’t worry! A few key points to consider might help you with the selection and the buying process. So without further ado, let’s get to the details:
Key-Points To Consider While Buying A Property In French Rivera
1. Are you buying a secondary house or your future residence?
There are two factors you need to consider before you think about moving to a new place. These factors include:
- The tax implementation
- Schooling
You can minimize tax efficiency by buying a luxury house in French Rivera. You will also find some of the best schools in the vicinity operating for over forty years in Cote d’Azur. If you are buying a secondary or holiday house for vacation, schooling shouldn’t be your concern.
2. Near the coast or inland! Where do you want to live?
Distance from the sea has a huge impact on the pricing of property in French Rivera. Prices are almost double than the usual if you are buying a house at a 1 km distance from the coast. The value is even higher if you buying a property right on the coast with a close view of the Mediterranean Sea.
3. Finding available properties:
Now that you have decided on the area you want to stay in; you need to get in touch with a reliable real estate agent. You can check French yellow pages or look for agencies online to find the right dealer to hire. You will get the contact details of several estate agents when you search through property portals. These online platforms serve as a good starting point.
4. Maintenance expense:
There are a few major expenses the maintenance cost includes. They are habitation, fonciere, and property taxes, these cost makes around 1 to 2 percent of the total property cost per year. This cost can easily be covered with a summer let. This option will generate between 3 to 6 percent of your property’s entire value.
Various local expats will take care of changeovers for a much lower cost than an agency would charge you.
You need to research your options before you decide on buying a property in French Rivera. You can get advice from your friends who have been living there or locals about the facilities and travel options.
You will also require professional advice from property finders or agents to prevent paying more than the market price. They will find you the areas that are most in-demand to protect your property’s resale value.