According to the Nouvel Observateur, there are certain areas of France where prices are still rising rapidly - namely Paris and the Cote d'Azur. OUr agency has offices in Nice and Cannes and have seen the number of sales this year increase this year by overseas buyers. Prices have certainly not stabilised either - according to the Chambre des Notaires they rose in Nice by over 12% in the first months of 2007 - we are still waiting to hear the full results for the year but it's expected to be at over 17% growth.
With the number of foreign buyers wishing to relocate to the Riviera and the number of low cost airlines serving the area, we can only see that the market on the Riviera will remain strong.
Claire Healy
ATTIKA INTERNATIONAL