In the past posts, I tried covering commonly overlooked properties for remote investing. I left out the glamour locales in Spain, France, Italy, and Greece to the likes of Tom Wade, Joe McCall and Rick Otton.
However, due to a growing number of requests, I’ve decided to cover South France in order to answer some of your questions.
The best remote investing opportunities in the South of France has long been a hotly contested issue. This is probably thanks to the fact that the entire country is just absolutely spectacular when it comes to property investment.
Another excellent reason would be the fact that geographical positioning for ‘The South of France’ tends to vary depending on the ‘vendor-potential buyer’ combination. For the most discerning investors, the South of France falls on the Mediterranean coastal strip that is of the South-Eastern region of the country. If you are looking for the most exclusive properties on the market, you might want to concentrate on anywhere that falls between the Italian border at Mention all the way to somewhere around St. Tropez.
This lucrative region is commonly referred to as the French Riviera or Cote d’Azur and encompasses places like St Tropez, St Paul de Vence, Cap d’Antibes and Cannes.
Where should you invest in this region?
The truth of the matter is that there really isn’t anywhere within this region that can be considered undesirable. The issue, therefore, should really lie with how much money you are willing to spend. Typically, properties that command an excellent view, mostly overlooking the sea, tend to go for a lot more than those that do not. Surprisingly enough, however, property prices drop sharply just a few kilometres inland.
Depending on your reason for buying, you may want to take a quick look at how the different areas behave throughout the year. Many of these regions have high tourist traffic and population during the tourist season. This is a good thing for those looking to buy-to-let but a terrible scourge for those who want to buy property there so they can have a tranquil life on the French Riviera.
If you are looking for commercial value for your property, you might want to look for houses by the seaside as well as those that fall smack in the middle of the busiest areas such as Hyères, La Colle Sur Loup, La Napoule, Mougins and Valbonne.
However, if you are looking for extreme exclusivity, you might want to head out places such as St-Jean-Cap-Ferrat and Villefranche-Sur-Mer. These regions have the most beautiful and exclusive villas and mansions. If you want tranquility and isolation, then it is best to head out into the hills behind the very busy coastal strip.
I’ll be honest with you, if you can find property in this region, invest in it. Lately, they have been in short supply as prices get more and more inflated thanks to an influx of foreign investors looking to own this most beautiful part of the Cote d’Azur. So, if you ask which place represents the best remote investment opportunity in the South of France, the answer is that you should stick to the coastal strip and maybe just a little inland.