Both close to Monaco and easily accessible from Nice, the peninsula of Saint-Jean-Cap-Ferrat attracts a considerable number of investors. Luxury real estate is particularly popular as the Mediterranean environment and the prestige that prevails on the Côte d’Azur satisfy the most demanding requirements. However, it should be borne in mind that luxury real estate is a rather special investment area.
The properties must meet specific criteria in order to belong to the high-end segment. This is why the support of a competent agency is essential. Discover the options for finding a qualified team in luxury real estate.
The real estate sector
The French property market is remarkably resilient. While the health and economic crisis has affected most economic sectors, real estate has never run out of steam.
In August 2021, a new historical record was recorded thanks to the 1,208,000 old properties that found takers in one year. This corresponds to an increase of 23% in the volume of transactions over 12 months.
In the new-build sector, the issue of building permits was slowed down by the pandemic context. A penurious trend has therefore been observed since 2020, which has led to an explosion in the number of transactions over 12 months (+12% at the end of March and +45% at the end of June).
Prices have increased by around 7.4% in 2021. This trend is accompanied by a stability in the rates applied to property loans. However, the new provisions enacted by the HCSF (High Council for Financial Stability) are not without consequences. The regulatory overhaul is aimed at optimising the security of loans, which goes hand in hand with the tightening of conditions imposed by banking institutions. At the beginning of the second quarter of 2022, several banks revised their rates, applying an increase of 0.05 to 0.45 points.
The pandemic has changed the search criteria of the French, who are leaning towards an urban exodus, although the major cities are still attractive to buyers. Houses with gardens are particularly sought after. Those wishing to acquire small spaces prefer properties with a balcony or terrace.
Luxury real estate
High-end real estate is a very special segment. The notion of exclusivity is extremely important. This is without neglecting the characteristics of the property, which must guarantee a prestigious living environment for its occupants.
No detail should be overlooked: the atmosphere of the neighbourhood, the security, the building materials, the architectural style, the type of layout, the services included… Obviously, the budget required is much more substantial.
Before the pandemic period, luxury real estate attracted a French clientele and foreign investors. The restrictions have had an impact on these trends and international clients have gradually withdrawn from the market. The French, on the other hand, have continued to show an interest in the high-end market. In June 2020, 38% of French people felt that this was a good time to invest in luxury property. In May 2021, this proportion had risen to 64%.
Investors are speeding up the completion of their purchase projects in the face of the shortage of property. The time to consider a purchase is now shorter, allowing luxury properties to sell more quickly.
Among the most popular geographical areas, we can mention the PACA region, which includes all types of luxury properties. Buyers are interested in flats, villas, manor houses and castles. For more than 60% of them, the acquisition projects concern their main residence.
Discover the town of Saint Jean Cap Ferrat
The town and its points of interest
You are preparing your summer holidays ? Why not visit Saint Jean Cap Ferrat ? The success of Saint-Jean-Cap-Ferrat with celebrities began in the 1950s, allowing the peninsula to develop an identity closely linked to prestige. Luxurious buildings nestled in impeccably maintained gardens and parks multiplied. Imposing villas such as Maryland, Les Bruyères, Santo Sospir, La Vigie, La Fleur du Cap or Ephrussi-de-Rothschild illustrate the architectural wealth. There are other estates that rival each other in refinement.
Museums such as the Coquillages Museum, green spaces like the Cedars, and magnificent beaches such as La Paloma, Les Fossettes and Cros deï Pin offer many opportunities to relax and discover Saint-Jean-Cap-Ferrat.
Luxury real estate in Saint-Jean-Cap-Ferrat: the favourite districts
Saint-Jean-Cap-Ferrat is an area where the notion of luxury is omnipresent. Prestigious properties are thus available in the majority of the districts. However, certain areas are more sought after by investors.
These include the area around the Promenade Maurice Rouvier and the Passable beach, which are popular for the spectacular views they offer. The area around the port is also popular as it allows you to immerse yourself in the authentic atmosphere of the village which covers 2.48 km².
Luxury real estate in Saint-Jean-Cap-Ferrat: look for a real estate agency on the internet
Digital tools and in particular internet platforms allow you to optimise search times and the relevance of results. By specifying the geographical area you are interested in and specifying that you are only interested in luxury properties, you can refine the list of agencies that appear on your screen.
Take the time to visit their sites. Don’t just skim the pages, but linger over the content. Read the agency’s presentation, take an interest in the types of property offered for sale or rent, and linger over the news published and the advice given online. A good luxury real estate agency in Saint-Jean-Cap-Ferrat, such as Haussmann real estate for example, must be able to offer you complete and high-quality information. The professionalism of the team must also be reflected in the content put online.
Luxury real estate Saint-Jean-Cap-Ferrat: look at the customer reviews
After consulting the real estate agency’s presentation and viewing its catalogue of prestigious properties, spend some time looking at the opinions of previous clients. Since we are talking about a luxury market, the requirements are always high and the evaluation criteria are stricter. It is a good idea to consult feedback posted on specialist forums, social media and other websites.
If you notice that the name of a luxury real estate agency comes up regularly among the recommendations and/or if there are many favourable reviews about it, you are certainly holding a reliable indication.
Luxury real estate Saint-Jean-Cap-Ferrat: beware of the e-reputation
The e-reputation refers to everything that is said about the real estate agency, always on the internet. We are talking about press articles, obviously, but also mentions in blogs, verified opinions collected by platforms put online for this purpose and any other reliable site that can mention the services of the team. As you can imagine, it is essential that the agency’s reputation in the internet sphere is solid and positive.
Luxury real estate Saint-Jean-Cap-Ferrat: consult your network
If you know people who own luxury properties in Saint-Jean-Cap-Ferrat, don’t hesitate to ask them for recommendations. Ask about their search criteria, which should ideally be somewhat similar to your own. Ask your friends and family to explain their recommendations in order to understand what they liked best about the agency’s service and support.
Luxury real estate Saint-Jean-Cap-Ferrat : word of mouth
The effectiveness of word of mouth is formidable because the reputation of a luxury real estate agency is forged above all on the opinions of its customers. Satisfactory services are automatically the subject of positive feedback. Previous clients talk to others and information circulates quickly. If an agency is recommended to you by various sources, do not hesitate to follow this trail.
Luxury real estate in Saint-Jean-Cap-Ferrat: the first appointment
Real estate projects must be carefully thought out and studied, especially when you are interested in the luxury segment. This is why you should form a personal opinion of the real estate agency before entrusting it with your project in Saint-Jean-Cap-Ferrat. Based on your research and/or recommendations, establish contact and make an appointment.
Physical meetings are ideal, but it is also possible to arrange an appointment via digital tools. At this stage, you can measure the agency’s reactivity according to the time it takes to respond to your request, but also according to its readiness to meet you. On the day, it is essential that your contact person listens to your needs and makes the first relevant suggestions in accordance with the criteria you have defined.
Luxury real estate Saint-Jean-Cap-Ferrat: trust your instinct
The first meeting will leave you with a first impression that should not be overlooked. Indeed, intuition is rarely wrong. If you feel confident and are already convinced that the real estate agency will live up to your expectations, then you can continue the discussion. Arrange another meeting to discuss your project in more detail!
In short, it is essential to assess the skills of a real estate agency before seeking their assistance. Choose a team that is exclusively dedicated to luxury properties in Saint-Jean-Cap-Ferrat. Their experience, reputation and the impression they make on you are all criteria to be taken into consideration.