Known worldwide for its film festival, Cannes has been attracting the international spotlight for over 50 years. Beyond the cinema, the city offers uncommon advantages to any investor in the region.
Let's take a look at the city's real estate assets.
Summary:
A radiant city for tourism
A highly developed economic fabric
Numerous advantageous real estate schemes
A radiant city for tourism
Of course, Cannes benefits from its location on the Mediterranean coast, and enjoys an exceptional climate with more than 200 days of sunshine per year. Above all, the city is endowed with an exceptional historical and architectural heritage. The numerous historical buildings of the city, such as the villa Romée and Doumergue, or even the bandstand of the Allées de la LIberté, contribute to make the city an important station of cultural tourism in season.
Finally, it is the city's infrastructures that guarantee Cannes to be a highly frequented place in any season. The Palais des Congrès attracts not only the Cannes Film Festival in the spring, but also the NRJ Music Awards, the International Games Festival, the International Real Estate Market and even the International TV Program Market.
Cannes also has a quality public transportation service, more developed than any other city of its size in the region. The neighboring towns are therefore very accessible and allow visitors to quickly hop over to Monaco, Saint-Tropez, or the jewels of the region like Èze and Saint-Paul de Vence.
A highly developed economic fabric
The economic fabric of the city of Cannes radiates on the whole Riviera. Indeed, there are more than 6500 companies, half of them craftsmen and traders, which are concentrated there. Therefore, the city is a central employment area in the region, in sectors ranging from tourism to aeronautics.
The fact that Cannes is the second city of congress in France is a proof of this. Indeed, the hotel industry allows the city to welcome a very large population throughout the year. More than 1000 hotels are concentrated there, some of which have an international reputation such as the Carlton and the Martinez.
Numerous advantageous real estate schemes
The Cannes market is one of the most profitable on the French Riviera and in the medium and long term, thanks to the diversity of its population which implies a strong demand on the rental market, but also to the diversity of real estate schemes that can be used.
First of all, Cannes is eligible for the Pinel law, and is located in zone A, which guarantees a very high rental return.
The population of seniors and the old real estate heritage of Cannes also make it interesting for the devices like the Censier-Bouvard law, Malraux law and those on the historical monuments. It is advisable to inform oneself on a case by case basis about the opportunities revealed by the implementation of each of these measures in the city of Cannes.