The Côte d’Azur has ranked as the world’s top prime residential area that attracts ultra-high-net-worth individuals, according to a recent study.
The study in question, the Candy GPS Report, identified over 60 locations that were the most attractive to ultra-high-net-worth individuals (UHNWIs), considered to be those with more than $30m in assets by private wealth experts Wealth-X.
After the Riviera, Italy’s Costa Smeralda came second, St. Barts was third, Aspen in the US was fourth and Monaco was fifth. Switzerland was featured three times in the top 20 with St Moritz, Gstaad and Verbier, and Courcheval, one of France’s most exclusive ski resorts, made nineteenth place.
The Côte d’Azur is renowned the world over for its beautiful landscapes, Mediterranean climate, exceptional coastline and glamorous, sun-kissed cities, so it is not hard to understand why it has been rated as the most desirable residential location in the world.
From Saint-Tropez to Cannes to Saint-Jean-Cap-Ferrat – a 282-acre peninsula, which, the report states, is the most coveted of them all – the Côte d’Azur attracts buyers from all over the US, Europe, Russia and the Middle East. In fact, in 2012, the report states that 90% of all property purchases in the area were made by non-locals.
“Waterside and unique properties in the Côte d’Azur are arguably the most sought after by buyers looking to invest in second or third home,” said Tim Swannie, Co-Director of Home Hunts. “This is an area that continues to increase in value, both financially and in terms of lifestyle and business opportunities, for high-net-worth individuals.”
Despite the troubled financial climate, economic agency Team Côte d’Azur have confirmed that foreign investors are continuing to choose the Côte d’Azur, which is currently benefiting from European investment and new businesses from China, India and Russia.
This vibrant five-bedroom villa (Ref: HH-7326928, pictured above) nestled in a dream location on the Cap de Nice, has been designed with only luxury and contentment in mind. With breath-taking panoramas over the Bay of Nice, the Estérel Mountains and St. Jean Cap Ferrat, the view from the spectacular infinity pool is second to none. The master bedroom includes a Jacuzzi and there is also a separate cottage for guests and an independent apartment, which makes this property a good rental prospect as well as a perfect choice for family holidays. Priced at €6.5 million, this is an excellent opportunity to snap up a prime waterfront property on the Riviera.
Sleek, modern and unique are three words to describe this magnificent Nicolas de Staël designed apartment (Ref: HH-7317663). Offering a rooftop terrace with Jacuzzi – which is surrounded by stunning views of the Mediterranean – as well as a spa with a hammam, this property is the epitome of luxury.
Biot, located between Cannes and Nice, is a pretty medieval village in the Alpes-Maritimes, and this five-bedroom modern property (Ref: HH-7079094) lies just outside in a gated domain. With a luxuriously long swimming pool, warm and sophisticated interiors and a home cinema, this property has to be seen to be believed.
For more information about these and other properties, please visit the Home Hunts website or call the French office directly on +33 (0)970 44 66 43
All images courtesy Home Hunts