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The most international and cosmopolitan boulevard in the world made up of palaces, luxury boutiques, casinos, sumptuous beaches and restaurants, the Croisette is today one of the most profitable boulevards in the world with prices between 30 and 100,000 € per sqm.
La Croisette today is home to the world's most important congresses, Mipim, Film Festival, Lions, Mipcom and more.
Cannes, which attracts tourists from all over the world during the holidays, sees its population quadruple during some of its prestigious congresses.
In Cannes, on the legendary Boulevard de la Croisette, real estate continues to gain height. Sometimes even touching the peaks of excess. This micro market, highly sought after (by investors with high purchasing power, French and foreign), is definitely not experiencing the crisis. Prices keep increasing: from the studio for rental investment, to the renovated 3-room apartment with sea view, to the superb sea-facing Penthouse with panoramic terrace. Indeed, the Croisette, highly sought after area of Cannes for its luxury apartments available for rent and for sale, its beautiful view of the sea, its professional activity with conventions and the Cannes Film Festival, its private beaches and luxury shops . If the volume of sales can sometimes fall, this is not the case for prices, for the purchase and sale of apartments in Cannes Croisette and for seasonal rentals on the Croisette remain a solid market.
What is the price of real estate in Cannes Croisette?
It happens to see real estate prices exceed 30,000 euros per square meter, we can note for example some luxury residences on the Croisette (the Grand Hotel, the Empress, the 67 Croisette, and recently the very luxurious First Croisette) whose prices are displayed from 25 to 45,000 euros per square meter. Thus, in the very popular Center-Croisette area (where the famous Film Festival takes place), our real estate agency in Cannes Croisette recently sold a renovated apartment of 100 sqm with sea view for 3 million euros. Another real estate agency on the Croisette has also sold a luxury penthouse of 250 sqm with a swimming pool on the roof facing the sea for 25 million euros. The sales market on the Croisette is a secure investment as well as a unique way of life for investors with high purchasing power. More spacious real estate sells just as well in the quieter areas of Port Canto and Palm Beach. In Palm Beach, it is not uncommon to see large apartments or houses with gardens selling for 35,000 euros per square meter. The Palm Beach and Port Canto districts are popular for the rose garden, Place de l'Etang, private beaches, Port Canto, as well as for their lush green environment of palm trees and umbrella pines. The Cannes city hall has just approved a superb renovation project for the Palm Beach swimming pool, a luxurious complex with restaurants, swimming pool and private beaches which will certainly increase the prices of apartments and houses for sale in these areas of Palm Beach and the Port Canto.
Why is the new home market booming in Cannes?
If the old one is selling particularly well, the demand continues to grow, the new market is also in full health. And, unsurprisingly, the prices are affected. Most of the buildings that were built on the Croisette date from around 25 years ago (the Grand Hôtel, l'Impératrice, 55 Croisette, or older art-deco buildings such as the Miramar Palace and the Palais des Villes) in the 90s. On the other hand, new projects began to meet the demand for the purchase of new apartments on the Croisette: the 7 Croisette, as well as the luxurious First Croisette: penthouses with a swimming pool on the roof, large apartments with terrace facing the sea ... The prices of these recent residences vary between 25,000 and 55,000 euros per square meter.
What are the advantages of buying an apartment on the Croisette in Cannes?
The view is a crucial element in choosing an investment on the Croisette. Buyers are not only looking for real estate: they are also looking for a sea view, the horizon, the dream, as well as a lifestyle close to private beaches, luxury shops and restaurants. In Cannes, however, one should be wary, as the highest floors don't necessarily guarantee the best view. The apartments for sale on the Croisette are so successful that professional investors buy all properties with high potential on the Croisette in order to renovate them luxuriously and offer them for sale fully equipped and decorated turnkey. This allows buyers to move into new sea view apartments with professional guarantee and assurance. The Impact agency, located on the Croisette in Cannes, selects the best offers for apartments and houses for sale and for rent, whether in new or renovated residences.
Spacious apartment for sale Cannes Croisette sea view In a high standing residence with security guard 24/7, heated indoor pool, fitness room and…