Tuesday, November 5, 2024

France's Priciest Real Estate: The French Riviera

Whether looking for a summer holiday villa rental or a property to buy, the number one request we get from clients is they want to be close to the sea.

Realistically, that wish does come with a price, as the allure of the Cote d’Azur for decades continues to hold strong in terms of sales which can also trickle down when it comes to supply and demand with villa rentals, seemingly no matter the economic situation globally.

According to a recent study by the National Federation of Real Estate (FNAIM), the three priciest places to buy property in France are situated along the French Riviera. Coastal resort towns tend to command higher prices than other areas, fueled by strong post-COVID demand and the exceptional quality of housing stock, especially in the South.
In 2024, the top three most expensive cities in France are all charming seaside destinations on the Côte d’Azur: Ramatuelle, with an average price of €16,083 per m²; Saint-Jean-Cap-Ferrat, at €15,819 per m²; and Saint-Tropez, at €14,400 per m². FNAIM’s July report showcases these cities as the most sought-after and valuable locations.

In the broader Top 20 list, Var’s Gassin ranks 12th, with Eze and Villefranche-sur-Mer in the Alpes-Maritimes coming in at 14th. Interestingly, Paris ranks only 15th by average property prices, although prestigious areas like Quai des Orfèvres and Avenue Montaigne still break records, exceeding €20,000 per m².

Outside of Paris, Nice stands as the second most expensive city in France, with prices gradually rising by 1% over the past year. A Seloger study reveals that, for a two-person household, buying power has declined: while they could afford 45m² in January 2022, this has decreased to around 35m² today.

However, Nice’s real estate market remains highly attractive. Prices have reached €5,207 per m², despite a general cooling in the national market. This is supported by a nearly 4% increase in the number of prospective buyers compared to the previous year, many of whom are second-time or first-time buyers from other regions. Among France’s ten largest cities, Nice ranks just behind Paris and ahead of Lyon in property value.

Property prices in resort towns across France are, on average, nearly double those in other areas—€4,514 per m² compared to €2,933 per m². Over the past decade, prices in these coastal regions have risen significantly, with the 2020–2023 period seeing an especially strong boost as demand for space and nature surged due to lockdowns.

The Provence-Alpes-Côte d’Azur (PACA) region leads with the highest average prices among seaside areas, with its 42 towns averaging €5,820 per m². The region’s most affordable towns, all located in Var, include Fréjus, Hyères, and Cogolin, where prices are around €4,500 per m². Between June 1, 2023, and June 1, 2024, PACA was the only region in France where property prices saw a slight increase (+0.3%), while the sharpest declines were noted in Nouvelle-Aquitaine (-6.3%) and Pays de la Loire (-5.9%).

Transaction volume in French coastal towns remains robust, with Cannes and Antibes leading, followed by Agde, Saint-Raphaël, and Fréjus. Cagnes-sur-Mer ranks 9th, with Menton in 11th. Interestingly, Parisians make up 15% of the buyers in these popular seaside destinations.

FNAIM highlights the distinct features of the real estate market in France’s resort towns. These towns typically have smaller permanent populations: four out of five have fewer than 5,000 residents. They also boast a high concentration of second homes, with nearly half (47%) being used as such, compared to only 10% elsewhere in France. Notably, one-third of all second homes in France are located in one of the 520 coastal resort towns.

The study also reveals a higher proportion of retirees in these towns—35%, compared to 22% in non-coastal areas. The average age of buyers in resort towns is 54.7 years, almost ten years older than in other parts of the country, where the average is 45.8. Additionally, the share of foreign buyers in resort towns is slightly lower than the national average, at 6.1% compared to 8.1%. However, a larger proportion of these foreign buyers are non-residents, making up 47% of foreign buyers in resort towns versus 38% in the rest of mainland France.

Resort-town housing also tends to be of higher quality, particularly in energy efficiency. Around 45% of homes in resort areas are rated “A,” “B,” or “C” on the energy performance scale, compared to 35% elsewhere. Meanwhile, only 9% of homes in resort towns are labeled as energy-inefficient (“F” or “G”), lower than the national average of 13%. The PACA region, for instance, has the fewest energy-inefficient homes (4%) compared to areas like Brittany (18%). "Southern French resorts generally achieve better energy performance ratings than those in the North," FNAIM notes.

According to FNAIM, seaside resorts are defined as "coastal municipalities with at least 15% second homes and that either have a beach or are classified as a tourist destination." Under this definition, mainland France has 520 seaside towns, 42 of which are in the Provence-Alpes-Côte d’Azur region.

If you're considering property investment, the French Riviera consistently remains a robust choice.

Monday, November 4, 2024

Paloma au PluriElles in Monaco

It’s not often that you hear of drag cabaret performances taking place in Monte-Carlo, but thankfully, times are changing.

On Thursday, December 19, 2024, at 8 p.m., the Princess Grace Theater in Monaco will host Hugo Bardin, known as Paloma, the winner of *Drag Race France* Season 1 (2022). As of next month, Paloma will bring her show, *Paloma au PluriElles*, to the Monte-Carlo stage.

Born in 1991, Hugo Bardin is a true artistic polymath: an actor, singer, performer, director, and screenwriter. His drag persona, Paloma, is one of the most celebrated in France. Hugo introduced Paloma in 2018, and the character quickly gained attention.


In 2021, Paloma starred in a short film of the same name, written and directed by Bardin himself. The film was showcased at multiple festivals, winning the Audience Award and Grand Prize for Best Original Music at the 2022 Marseille Music and Cinema Festival.

Paloma has toured across France with *Paloma au PluriElles*, a one-woman show where she takes on a variety of characters. Now, for the first time, audiences in Monte-Carlo will get to experience her dynamic performance.

With his versatility and charm, Hugo Bardin has captivated audiences and solidified his place in French culture, hinting that his journey is only beginning.

This is a performance not to be missed—secure your tickets early!

Tuesday, October 29, 2024

European Gay Ski Week 2025!

 

Get ready for the most thrilling winter adventure of 2025!

The 17th edition of Europe’s premier LGBTQI winter sports and music festival, European Gay Ski Week, is set to be bigger and bolder than ever—and it’s all happening from March 22 to 29 in the stunning French Alps at Val Thorens!

This high-altitude haven in Les Trois Vallées is the perfect playground, offering breathtaking slopes and unforgettable experiences for thousands of participants from around the globe.

Imagine days packed with skiing and snowboarding across awe-inspiring peaks, followed by an electrifying lineup of events that keep the energy soaring from sunrise to the early hours.



European Gay Ski Week delivers an irresistible mix of Cabaret shows, lively Après Ski gatherings, dazzling Drag shows, themed nightclub parties, poolside celebrations, and gourmet dinner events to keep the magic alive day and night.

 



Each gathering is a chance to connect, celebrate, and revel in a community of vibrant diversity.

Choose from a range of curated accommodations, from cozy hotels to self-catered apartments, ideal for solo travelers, friends, and larger groups alike.

 

Don’t miss out on this unique fusion of sport, celebration, and community—book early for European Gay Ski Week to secure your spot for a week that promises unforgettable memories!

Friday, October 25, 2024

Nice So Fétiche #8

 

Nice So Fétiche, one of the most popular associations on the French Riviera, will host one of its biggest events from Thursday, November 14, to Sunday, November 17, 2024.
 
For those interested in fetish gear and hot action, the city of Nice will be the place to be, attracting enthusiasts from across France and around the world for a weekend filled with excitement.

The weekend will also feature the election of the next Mister Evidence Leatherman, a title expected to be fiercely contested.

Prepare for a packed weekend featuring a variety of thrilling events—from the official dinner to Hard Leather Night, the Ultimate Rubber event, the Main Fetish Party, and a Farewell Night—all hosted across various LGBTQ-owned venues in Nice.

Book your tickets with Nice So Fétiche early so that you don’t miss out!