Here’s what’s happening this week along the French Riviera.
Fun fact: Did you know that the iconic Boulevard de la Croisette in Cannes was originally just a simple dirt road? It’s hard to imagine now, with its luxury boutiques and glamorous events, but it sure has come a long way! Let’s explore what’s in store this week!
3:30 PM Press Conference – “The Man in the Iron Mask” Presented by Cannes Heritage Association, 355 years after his arrest and 320 years after his death. Claude Debussy Theater, Palais des Festivals et des Congrès, 1 Boulevard de la Croisette, Cannes
Tuesday, May 28 to Saturday, June 29, 2024
Cannes Creativity Month 2024 Featuring cultural events by local artists in visual arts, music, performing arts, and literature. More info on www.cannes.com. Various locations, Cannes
Friday, May 31, 2024
9:00 AM – 1:00 PM Employment Forum of Cannes Lérins Agglomeration Eco Park, 772 Chemin de Font de Currault, Mougins
Saturday, June 1 and Sunday, June 2, 2024
Fables Lab 2024 Two days of varied programming featuring six performances. Highlights include “Petit-Pois contre le dragon,” a modern take on Bluebeard, and “Voler c’est tout.” The event concludes with a musical tribute to Janis Joplin by Hélène Palardy. For children, stories and performances by Sylvie Vieville and Florence Férin. Full program on www.cannes.com.
5th Bocca Cabana Cup Part of the EDF AquaChallenge, organized by the Cannes Swimming Club with support from the City Hall, CACL, French Swimming Federation, and EDF. Full program on www.cncannes.fr. BoccaCabana, Guillaume Apollinaire Jetty, Cannes-La Bocca
Until the 2nd of June, find the Lumiere du Sud exhibition at the Salle Le Garage in Ramatuelle. The subtle nuances of colour and light give off a good impression of tranquillity and serenity that brings a special touch of emotion to the landscapes. This free exhibition takes place every day, Monday to Friday from 10 to 1pm and 2 to 6pm, Saturday 2 to 6pm and Sunday 10 to 1pm.
Exposition – « Lumière du sud » de Jean Marie Ferrer (ramatuelle-tourisme.com)
This 30th May from 6:30 to 9:30pm, the iconic Hotel West End is inaugurating the Palmeraie, an ephemerous bar at the foot of the establishment on 31 Promenades des Anglais in Nice. On the Menu: Cocktails, Tapas and live music!
From the 31st of May to the 15th of June, the Gallerie Ferrero in Vieux-Nice on 17 and 19 rue Droite will host the ‘Chavanis – Retrospective’ Exhibition by the Monegasque artist Stephane Chavanis. There, you’ll be able to discover a world of colour and abstract geometrical figures for the delight of neo-expressionism fans. From paintings, to photograpies and wooden sculpture, this exhibition shows a great variety of Chavanis’ greatest repertoire
Are there any dart players out there? The Monaco association of Darts meets every Tuesday at the Pizzeria le Marathon at 47 Rue Grimaldi, in Monaco from 6:45pm, playing on the upper floor.
by Ab Kuijer//in Blog
https://www.livingonthecotedazur.com/wp-content/uploads/2024/05/73603.jpg481961Ab Kuijerhttps://www.livingonthecotedazur.com/wp-content/uploads/2024/02/sitelogo150.pngAb Kuijer2024-05-27 11:31:512025-09-01 16:18:37French Riviera Events – Lumière du Sud, Chavanis, and Darts
The city of Nice is an attractive tourist area. Tourism is its main economic activity, but it is also a particular area due to the popularity in its real estate market.
The Nice Côte d’Azur Metropolis and the City of Nice have decided to regulate seasonal furnished rentals to reconcile the housing needs of our residents while preserving economic dynamism in favour of hotel sector professionals.
So, if you own furnished accommodation and wish to rent it as tourist accommodation, you must complete specific procedures with the Nice Town Hall.
The conditions for issuing the Mayor’s prior authorization and compensation result from deliberation no. 7.1 Metropolitan Office of June 27, 2022.
However, when the residential premises constitute the principal residence of the lessor or part of it, there is no need to request authorization for a change of use to rent them for short periods to pass customers who do not take up residence there. This exemption is only valid if the rental period does not exceed 120 days per year.
What is tourist rental?
The rental of furnished tourist accommodation consists of the repeated rental of furnished premises intended for short periods to a passing clientele who does not take up residence there, most often for the night, the week or the month (Article 16 of ALUR law n°2014-366 of March 24, 2014).
Authorization must be requested for each accommodation subject to a change of use. If the same accommodation is divided, consent must be requested for each accommodation resulting from the division.
Please note that the accommodation offered for rental must meet standards of decency.
If the accommodation is rented to students (leases of more than 90 days) and is used for seasonal rentals for the rest of the year, the owner must request prior temporary authorization to change the property’s use.
New: Subject to your eligibility, you can request one or more temporary authorizations (s) for change of use within the framework of mixed rental by practising student rental for the majority of the year and renting to tourists during the period.
Sanctions applicable in the absence of authorizations
Under Article L.631-7 of the Construction and Housing Code, proceedings before the Nice High Court may be initiated to implement the sanctions provided for in Articles L.651-2 and L.651-3 of the C.C.H:
Nullity of agreements concluded and conventions concluded in violation of article L.631-7 of the C.C.H Civil fine under article L.651-2 of the C.C.H (this fine, pronounced by the president of the Judicial Court, can reach 50,000 euros per premises illegally transformed
Restoration of the premises under legal penalty against the lessor for a maximum amount of 1000 euros per day of delay and per square meter until total regularization
Criminal sanctions provided for by article L.651-3 of the C.C.H are possible in the event of false declaration, concealment or attempted concealment of premises subject to declaration (one year’s imprisonment and/or 80,000 euros in fines)
By signing the change of use authorization request forms, the petitioners undertake to grant authorized agents in charge of controls access to their premises.
Requests for changes of use are subject to checks carried out at home by sworn agents. Thus, a report will be drawn up and sent to the Public Prosecutor if an offence is noted.
The Construction and Housing Code provides that “anyone who has, for one of the declarations provided for in Titles 1 (chapter II), II (chapter 1), III and IV of this book, excluding articles L. 612-1, L 631-1 to L. 631-6, L.641-12 and L.641-14 of the C.C.H, or by the texts taken for their application, has made false declarations, anyone who has, using fraudulent manoeuvres, concealed or attempted to conceal the premises subject to declaration, is liable to imprisonment for one year and a fine of 80,000 euros or one of these two sentences only. The Criminal Court also pronounces the termination of the lease and the eviction of irregularly installed tenants.
How to proceed renting your property in Nice?
If you are an individual wishing to rent accommodation as a furnished tourist rental (this accommodation does not constitute your main residence, for example a second home, a rental investment, etc.):
For the 1st accommodation To practice furnished tourist rental, you must request a change of use authorization valid for 1 year, renewable 5 times tacitly (Form no. 1). This authorization may not be renewed by the administration in the event of disturbances to public order being noted. This authorization is personal, non-transferable and non-transferable to another accommodation with the same owner.
Beyond an authorization granted (several accommodations) or the 6-year authorization granted, you are subject to compensation regardless of the location of the accommodation in Nice (Form no. 1). This authorization will then be final and attached to the premises.
You can buy an apartment in Nice and rent it out for seasonal rental. But you need to ask the city council if you are allowed to. You are asking to change the destination of your property from ‘pied-a terre for your own use’ to a ‘seasonal rental property’. You can get a license for a year that is connected the address and renew it each year. If everything goes smoothly during the year and there are no complaints from neigbors, the license can be renewed each year but for maximum 5 years. If you apply for the 6th year, the city council will classify your property as a seasonal rental property. This will then by final.
Your property management company can help you with the paperwork. If you buy a new apartment in Nice with us, we will bring you in contact with a local professional.
The renting license process
For a first request for a change of use in furnished tourist accommodation
Form no. 1 duly completed Property tax or certificate of ownership, Annex no. 2 relating to the mandate on Form 1 if applicable,
For a renewal of a change of use request for furnished tourist accommodation
Form n°1 duly completed, Property tax or certificate of ownership, Annex no. 2 relating to the mandate if applicable, Previous municipal decree(s) granting the change of use
https://www.livingonthecotedazur.com/wp-content/uploads/2024/05/pexels-olly-3756158.jpeg8001200Ab Kuijerhttps://www.livingonthecotedazur.com/wp-content/uploads/2024/02/sitelogo150.pngAb Kuijer2024-05-23 17:46:262026-05-07 10:33:45Update: all about renting furnished tourist accommodation in Nice
According to data released by the Ibestat, the tourism spending in the two Balearic Islands’ resorts of Formentera and Ibiza in 2023 broke records. The institute noted that the record-breaking season was the best in the history of the area’s tourism industry.
From the start of the year until September, the tourism spending in Formentera and Ibiza had already broken records. By the end of the year, the region’s tourist spending had reached almost 4.5 billion euros, which is 20.8 percent higher than the record set in 2022 after the covid pandemic.
According to the data released by Ibestat, the average tourist spent about 192.38 euros per day in 2023. This figure represents a 12.4 percent increase from the previous year. The total amount spent by the region’s tourists last year was almost 19 billion euros.
Growing spending tourism in Ibiza
Formentera and Ibiza saw a higher average daily expenditure per person than Mallorca. Germans spent the most money on the islands, amounting to over 5 billion euros, which is 8.7% higher than the previous year. The British, on the other hand, spent about four billion euros, which is 15.23% higher than the previous year.
In 2023, Germans made up 25.87% of the Balearic Islands’ tourist spending, while the British contributed 21.43%. The Community received almost 4.6 million visitors from Germany, which is 6.8% higher than last year. On the other hand, the British increased their number by 10.7%.
Most of the tourists came for leisure activities, while those who traveled for business or work dropped by 5%. In total, 3.4 million individuals from other autonomous regions visited the Balearic Islands, which brought the total number of travelers to the region to almost four million. The increase in the number of Germans and the British tourists contributed to the region’s tourism spending.
Spending on Mallorca decreased
In addition, the average daily spending of domestic visitors in Mallorca decreased by 3.2%. The region’s total tourism expenditure amounted to 14,928.49 million euros.
Package tour spending was the most popular type of expenditure among domestic and German tourists in 2023. Compared to last year, this expenditure category saw a significant increase, while non-inclusive spending was the opposite. The average stay of German visitors was 6.7 days, which is a tenth longer than that of the British and Spanish. The Balearic Islands also experienced a significant increase in the number French and Italian tourists, as well as 786,308 individuals from each of them.
The number of individuals from Nordic nations who traveled to the Balearic Islands decreased by 2.7% in 2018. Although the number of people who booked a package tour increased, the overall number of Nordic visitors to the region decreased. In its latest report on Germany, Tuarespaa noted that despite the country’s economic situation, Germans still prioritize vacations as a consumer good.
British main market in Ibiza
In total, the tourist spending in the two regions of Formentera and Ibiza amounted to 4.292 billion euros in 2023. This represents a 20.8% increase from the previous year. The total amount spent in the Pitiusas also reached 4.3 billion euros, which was already the highest in the region’s history. The average daily spending of tourists in the region was 192.3 euros, which is up from 166.4 in 2019 and 172 in 2022.
The British continued to be the main market in Ibiza, with the amount of money they spend increasing by 20.8% in the previous year. According to a survey conducted by the F.Us.R. market research organization in Germany, over two-thirds of Germans are planning on traveling within the next 12 months. A third of them have already decided where they’ll go next.
About 17% of the survey’s respondents plan on traveling to Spain. Value for money was the most important factor that prompted them to choose a trip to Spain. Most of the tourists who visited the country said that they mainly traveled for leisure. They also spent their time staying in hotels and didn’t organize travel.
The survey’s respondents were mainly from the middle class and the higher education groups. They also preferred to visit cities and beaches. According to the survey, the beach was their favorite activity, while the other activities they enjoyed were shopping and visits to other areas. As a result, the United Kingdom is the main market for Ibiza. TourSpain, the organization that manages the region’s tourism industry, noted that the beach and sun are two of the most important factors that contribute to the success of the region’s tourism industry.
by Ab Kuijer//in Blog
https://www.livingonthecotedazur.com/wp-content/uploads/2024/05/beautiful-panoramic-view-cala-hort-mountain-es-vedra.jpeg8001200Ab Kuijerhttps://www.livingonthecotedazur.com/wp-content/uploads/2024/02/sitelogo150.pngAb Kuijer2024-05-22 10:14:002024-05-20 12:14:41Growing spending tourism in Ibiza
The Croix des Gardes, a picturesque and residential neighborhood in Cannes, takes its name from an ancient guard post located atop the hill overlooking the city and its surroundings. In the 19th century, a large wooden cross was erected there, serving as a landmark and a place of prayer for the inhabitants. This neighborhood is not only rich in history but also offers an exceptional panorama of the Cannes Bay, the Lérins Islands, and the Esterel Mountains.
An Exceptional Living Environment
Located just minutes from the city center and the famous beaches of La Croisette, Croix des Gardes enjoys a privileged natural setting. The Croix des Gardes Park, which covers 80 hectares, is a true green lung for the city. It is perfect for walks, hikes, and family picnics. The park also offers marked trails for discovering the local fauna and flora, with breathtaking views of the Mediterranean Sea.
Why Invest in Croix des Gardes?
Quality of Life: Croix des Gardes is renowned for its tranquility and exceptional living environment. Away from the hustle and bustle of the city center, this neighborhood offers a peaceful atmosphere while being close to amenities and urban infrastructure. Residents enjoy the serenity of a natural environment while having access to all modern facilities.
Heritage and Culture: In addition to its rich history, Croix des Gardes is home to several cultural attractions. The Château de la Croix des Gardes, for example, is an iconic building that adds to the prestige of the neighborhood. The numerous cultural events and festivals held in Cannes throughout the year are easily accessible, providing a rich and varied cultural life.
Real Estate Potential: The real estate market in Croix des Gardes is highly attractive. Properties range from luxurious villas with sea views to modern apartments in secure residences. Demand is strong due to the neighborhood’s reputation and exceptional living environment. Investing here means benefiting from a prestigious real estate asset in one of the most sought-after cities on the French Riviera.
Proximity to Infrastructure: Croix des Gardes is well served by transportation infrastructure. The Cannes train station provides easy access to Nice, Monaco, and even Italy. Nice Côte d’Azur Airport, less than 30 minutes away by car, facilitates international travel. Moreover, high-quality schools, shops, and healthcare services are just minutes away.
An Ecological and Sustainable Neighborhood
The Croix des Gardes natural park is an example of ecological and sustainable management. It includes protected areas and initiatives for biodiversity conservation. Environmental awareness programs and educational activities for youth are integral parts of the community life. Investing in this neighborhood also means committing to environmentally friendly practices and contributing to the preservation of this unique natural space.
Croix des Gardes in Cannes is more than just a residential neighborhood; it is a place where history, nature, and modernity come together to offer an exceptional quality of life. Its natural setting, cultural richness, and real estate potential make it an ideal choice for investors seeking prestige and tranquility. With a constantly growing real estate demand, investing in Croix des Gardes promises attractive returns and assured asset appreciation. Whether for a primary residence, a holiday home, or a rental investment, Croix des Gardes represents a unique opportunity on the French Riviera.
by Ab Kuijer//in Blog
https://www.livingonthecotedazur.com/wp-content/uploads/2024/05/panorama-croix-des-gardes-mairie-de-cannes-1920x960-1.jpg9601920Ab Kuijerhttps://www.livingonthecotedazur.com/wp-content/uploads/2024/02/sitelogo150.pngAb Kuijer2024-05-21 17:06:452025-09-01 16:18:42The Croix des Gardes in Cannes: An Ideal Investment Destination
Portugal is a country where ‘doing nothing’ is an art form. The Italians say ‘dolce far niente’, but the Portuguese win this do-nothing contest easily. The French must be attracted to this attitude because they are the most numerous buyers for a property in Portugal (26%). Then come the English (19%), Chinese (13%), Brazilians (8%), Belgians (5%), Swiss (4%), Russians, Dutch and Ukrainians (who each represent 3%) and many others like the Swedes, Irish, Spanish.
Most people who ask for loans are between 18 and 40 years old, have completed higher education and work for other companies, says BdP (Banco de Portugal). Regarding the sociodemographic characterisation of people who took credit from resident financial institutions in 2023, the BdP confirms that fewer families were taking out housing loans. “In 2023, 117,000 people took out a permanent home loan, 30,000 fewer than in 2022”.
Most of those taking out a mortgage were Portuguese (91%). And around 61% of the 117,000 people were young, aged between 18 and 40. The majority worked for others (80%) and had a higher level of education (55%). What also stands out is that half lived in Greater Lisbon, the Porto Metropolitan Area and the Setúbal Peninsula.
Who is buying real estate in Portugal? And why?
Portugal has a stable economic climate and investment-friendly policies. The economy has demonstrated remarkable resilience recently, with steady GDP growth and low inflation. This stability and favourable investment policies make Portugal an attractive destination for international investors.
Portugal enjoys a warm, sunny and consistent climate that’s much envied by those in gloomier parts of Europe. Lisbon is the third sunniest city in Europe, with an average of around 2800 hours of annual sun.
The winter is short and mild, and the summer is long and hot. However, Portugal’s climate is more varied across different regions than some expect. This presents plenty of options for those who want something slightly different from the long, hot summers of the Algarve. Portugal’s weather, especially in the south, creates a place where people can enjoy pavement cafés and beach life (almost) all year round. It’s a perfect destination for those who turn seasonally affected during long, dull winters. Buying property in Portugal offers an escape from the doldrums – whether for a permanent move or a sunny bolthole.
Property prices rising
Recent data showed Portugal’s property prices rising 17.1% year-on-year. While it seems unlikely that such stratospheric rises will continue, there’s little to indicate speculation of a “crash,” as in several other countries.
Ricardo Guimarães, director of Confidencial Imobiliário, recently said that “there continues to be a structural lack of supply and that demand, even if in a possible slowdown, remains higher than the product replacement capacity, in an imbalance that sustains the continuity of rising prices.”
Portugal has a large and settled community of overseas residents, many of whom speak the language and are well-integrated with their local communities.
New buyers can choose between established “expat areas,” complete with widely spoken English and all the comforts of home, or places off the beaten track where they can still expect to be welcomed with open arms.
Resident Tax advantages for foreign buyers
Even though Portugal recently ceased its Golden Visa scheme, moving to Portugal has plenty of financial benefits. The Non-Habitual Resident tax scheme allows qualifying new residents to benefit from a flat tax rate on Portuguese income and pay no tax on foreign-sourced income for up to ten years.
In addition, there’s no inheritance tax in Portugal, although it’s worth noting that stamp duty is charged to beneficiaries on Portuguese assets—good financial advice is essential.
At the time of writing, there is some controversy about short-term rental property in Portugal—specifically, about the impact Airbnb-type rentals have on the availability of homes for permanent residents.
However, regardless of the situation, there’s an unstoppable demand for rental homes in Portugal. The government is even incentivising owners willing to provide residents with long-term rentals.
The upshot is that property in Portugal is in strong demand from renters—both tourists and locals. This provides excellent reassurance for investors who don’t intend to live in their Portuguese home full-time or those whose plans may change.
a yellow tram going down a narrow alley surrounded by old buildings
Portugal is super chill
Portugal was ranked sixth out of 163 countries in the 2023 Global Peace Index. This index considers a wide range of factors, including political stability, incidents of violent conflict, homicide rates, and terrorist incidents.
By contrast, the United Kingdom ranked 34th, and the USA 129th.
Portugal’s safe and peaceful feel is noticeable. Many people say it feels like the UK of many decades past, with a sense of respect for elders and authority that is considered lacking elsewhere.
Most sold properties in Portugal
Most people in Portugal choose to buy a house. Indeed, the country’s ownership rate rose from 73.9% in 2019 to 77.3% in 2020. Some advantages to purchasing property in Portugal include An excellent financial investment in a dynamic, robust market with a high return on investment potential. It has a low cost of living compared with other Western European countries. It has a sublime climate with incredible summers and mild winters.
The most recent data from Eurostat reveals that property prices in the eurozone are falling, and houses became 1.1% cheaper in the last quarter of 2023 compared to the previous quarter. However, property prices continue to rise in Portugal, and the country saw the fifth-biggest increase among all other EU countries.
Is property cheaper in Spain or Portugal? Property in Portugal is more affordable than in Spain. With attractive rental yields in Lisbon and the Algarve, you can understand why Portugal is such a popular choice for investors.
Where do people buy a property in Portugal?
40% of Americans who decided to invest in Portugal have chosen Lisbon to buy property due to competitive prices and a number of other factors, including security, climate, quality of life, and the high quality of health and education services.
It makes sense to consider buying a property on the Algarve coast as this is a popular destination due to the climate, beaches and culture. If you want to experience life in a beautiful coastal area where many other foreigners have bought a home, the Algarve is for you.
Alternatively, if you plan to buy an investment property, this is the perfect region for holiday rentals (both summer and winter) for thousands of tourists visiting the Algarve annually. Portugal’s capital, Lisbon, is another accessible destination to consider if you prefer to keep away from the tourist hot spots. The average price per square metre is around €54837. That being said, Lisbon can still be a great place to invest, and the day you decide to sell, you’ll quickly find a buyer.
If you have a larger budget and you’re looking to invest in the higher-end property market, Cascais is one of the best seaside towns in Portugal. This fishing town is around 35 minutes by train from Lisbon, and the marina provides beautiful coast views. The demand in Cascais is high, so anything you buy here will be a solid investment.
Lisbon
It’s more affordable than Lisbon. Many attractions and easy to get to with low-cost flights.
Porto
It’s more affordable than Lisbon. Many attractions are easy to get to with low-cost flights.
Algarve region
Easier to rent than buy, but a great summer destination.
Cascais
Higher prices, but a sound investment. Suitable for city lovers.
What steps to take
Investing in real estate abroad is an exciting endeavour, and Portugal has emerged as a top choice for many international buyers. With its stunning landscapes, welcoming culture, and a relatively straightforward property acquisition process, Portugal, including regions like the Algarve and Lisbon, has become an attractive destination for foreigners looking to purchase a home. In this comprehensive guide, we’ll walk you through the step-by-step process of buying property in Portugal as a foreigner, helping you navigate the journey smoothly.
1. Define Your Objectives and Budget
Before diving into the property market, it’s essential to establish your objectives and budget. Determine whether you’re buying a vacation home, a rental property, or a permanent residence. Understanding your goals will guide your property search and financial planning.
2. Seek Professional Guidance
Engage local real estate agents working with Living on the Cote d’Azur. When the property is found, connect with a lawyer and financial advisor specialising in international real estate transactions. Their expertise is invaluable in navigating property acquisition’s legal and financial aspects. Find Portugal real estate lawyers here
3. Choose the Right Location
Portugal offers diverse locations, from bustling cities to tranquil coastal towns. Research and explore different regions to find the one that aligns with your lifestyle and investment goals.
4. Property Search and Viewing
Start your property search online, attend property expos, or work with local agents to find listings that match your criteria. Schedule property viewings to inspect potential investments in person or arrange for trusted representatives to view properties on your behalf.
5. Make an Offer
Once you find the property of your choice, it’s time to make an offer. Your agent or legal advisor will assist in negotiating the terms, including the purchase price and conditions.
6. Due Diligence
Conduct due diligence on the property to ensure no legal issues, encumbrances, or hidden problems. This includes verifying the property’s title deed, land registry records, and permits.
7. Legal Representation
Hire a Portuguese lawyer who specializes in real estate transactions. They will guide you through the legal processes, review contracts, and ensure all necessary documents are in order.
8. Financing
Explore mortgage options with local banks or international lenders if you require financing. Compare interest rates, terms, and conditions to secure the best mortgage.
9. Promissory Contract
Once the offer is accepted and due diligence is complete, you’ll sign a promissory contract (Contrato Promessa de Compra e Venda). This legally binding agreement outlines the sale’s terms, including the purchase price, payment schedule, and closing date. At this stage, you’ll typically pay a deposit, usually 10% of the property’s price.
10. Property Registration
The next step involves registering the property in your name. Your lawyer will handle this process, ensuring the property is transferred legally.
11. Property Transfer Tax
Pay the property transfer tax (Imposto Municipal sobre Transmissões Onerosas de Imóveis) to the local tax office. This tax is based on the property’s value and is typically paid by the buyer.
12. Final Deed (Escritura)
The final step is signing the Escritura, the official deed of purchase. This occurs at a notary office, and both the buyer and seller must be present, or you can grant power of attorney to your legal representative. The remaining balance is paid, and the property officially changes hands.
13. Property Ownership and Taxes
After the Escritura, you’ll be the legal owner of the property. Be aware of property taxes, such as the annual IMI (Imposto Municipal sobre Imóveis), based on the property’s tax value.
14. Enjoy Your New Home
With the property officially yours, it’s time to enjoy your new home in Portugal. Many foreign buyers rent out their properties when unused, providing an additional income stream.
Conclusion
Purchasing property in Portugal as a foreigner can be straightforward and rewarding, thanks to the country’s investor-friendly policies and robust property market. By following this step-by-step guide and enlisting our team’s expertise, you can confidently navigate the intricacies of buying property in Portugal. Whether you’re seeking a holiday retreat, a rental investment, or a new permanent residence, Portugal offers a welcoming and beautiful destination for international buyers. From Living on the Cote d’Azur, we are in Lisbon, Cascais, Porto and the Algarve to assist you.
by Feline Kuijer//in Blog
https://www.livingonthecotedazur.com/wp-content/uploads/2024/05/belem-tower-lisbon-sunset-buying-real-estate-portugal.jpeg8001200Feline Kuijerhttps://www.livingonthecotedazur.com/wp-content/uploads/2024/02/sitelogo150.pngFeline Kuijer2024-05-21 15:32:392024-05-28 11:09:20Who is buying real estate in Portugal?
There is always something fun happening on the French Riviera… Have a look at these exciting events coming up !
ACTIVITIES DURING 77TH EDITION OF THE CANNES FILM FESTIVAL
From the 14th to the 25th of May, a number of activities are happening all around Cannes during the 77th edition of the Cannes Film Festival. Meet people affiliated with Cinema, find shooting locations from famous movies, and attend an open-air exhibition near giant murals. More details on www.festival-cannes.fr
Happening at the Theatre de l’Espanade this 21st of may in Draguignan, the Cannes Orchestra will be showcasing an delightful hour of the ‘Festival Play Bach’ in honour of the composer Bach.
But that’s not all! On the 26th of May at 11am, for 6€, enjoy an hour of musical encounter with famous composer Bernstein, best known for his musical comedy: West Side Story.
Celebrate the Monaco Grand Prix at MayaBay, the ultimate destination to experience the thrill of the circuit in an intimate setting. Come and enjoy DJ Cerrone on Friday the 24th of May and DJ Martin Solveig on Saturday the 25th of May for 2 unique and sensational nights. Information & reservations at mayabay.mc
From the 24th to the 26th of May Valberg is organising an event for the international biodiversity day and the Fete de la Nature. Without mentioning the beautiful night skies in Valberg, enjoy various activities, from night and forest walks, to escape games and outside games, make sure not to miss this yearly event at the door of the Parc National du Mercantour!
This coming Saturday 25th of May, the ‘Fete des Mai’ will take place on the Place Felix Poullan in Villefranche-sur-mer at 6pm. You’ll be bale to enjoy a festive and intergenerational night filled with chorals, dances and pan bagnats! What’s not to love?
Buying a villa in France is a dream for many. The allure of the French lifestyle, with its exquisite cuisine, rich history, and picturesque landscapes, attracts buyers from all over the world. Whether you are seeking a holiday home, a permanent residence, or an investment property, France offers a diverse range of villas to suit every taste and budget.
On our luxury real estate portal we offer the best properties from the best real estate agents in France. Our portfolio does not stop here; we also have great houses and apartments in Portugal, Ibiza, Mauritius and Dubai. Being a boutique in real estate we focus 200% on delivering a great service for our clients. The selling agencies and developers share a part of the commission with us, so our service for you is free of cost.
This is a large advantage for you as a prospective buyer. With our Dutch team, you have a personal buyer agent that will help you select the best property available. And being a family business, our daughters are also present on Ibiza, Dubai, Portugal and of course on the French Riviera.
The Appeal of French Villas
French villas stand for elegance and charm. These luxury French Riviera Real Estate properties are often set in idyllic locations, from the sun-soaked beaches of the French Riviera to the rolling vineyards of Bordeaux and the scenic countryside of Provence. These properties not only offer luxurious living spaces but also provide a unique cultural experience, blending modern amenities with traditional French architecture.
Benefits of Owning a Villa in France
Lifestyle: Enjoy a relaxed and sophisticated lifestyle with access to French world-class cuisine, wine, art, and culture.
Investment Potential: French real estate has historically been a stable investment, with potential for significant appreciation and rental income.
Quality of Life: France is known for its high quality of life, excellent healthcare system, and robust infrastructure.
Location Diversity: From coastal retreats to alpine chalets, France offers a variety of stunning locations to choose from.
Happy mindset: Once you own a property in France, you will feel different. You know you can always go to the best place on Earth.
Provence, with its lavender fields, olive groves, and charming villages, is a top choice for villa buyers. The region offers a Mediterranean climate, beautiful landscapes, and a relaxed lifestyle. Key areas include Aix-en-Provence, Avignon, and the Luberon.
The French Riviera, or Côte d’Azur, is synonymous with glamour and luxury. Famous for its stunning coastline, upscale resorts, and vibrant nightlife, it is a hotspot for celebrities and the wealthy. Key locations include Nice, Cannes, and Saint-Tropez.
Always attractive, no matter what period of the year. In high demand with international buyer, Paris has the most expensive and exclusive properties. Investing here is a guarantee for a high rental yield and capital gain.
landscape of riviera coast and turquiose water of Mediterranean sea, cote dAzur at sunny summer day, French RIviera, France, retro toned
Steps to Buy a Villa in France
1. Research and Planning
Start by identifying your budget and preferred regions. Consider factors like climate, accessibility, and local amenities. Online property portals, and expat forums can also be valuable resources for your research. Use your buyer agent to check the information.
2. Engage a Real Estate Buyer Agent
As a real estate buyer agent we provide insights into the market and help you find properties that meet your criteria. We also guide you through the buying process, including negotiations and legal requirements.
3. Viewing Properties
Arrange visits to shortlisted properties. Pay attention to the condition of the villa, its surroundings, and any potential renovation needs. It’s also a good idea to explore the local area to get a feel for the lifestyle and amenities available.
4. Making an Offer
Once you’ve found your dream villa, make an offer. We assist with negotiations. Once the offer is accepted, you will sign a “Compromis de Vente” (preliminary sales agreement) and pay a deposit, typically around 10% of the purchase price.
5. Legal and Financial Processes
Engage our English speaking notaire (notary) to handle the legal aspects of the transaction. They will conduct due diligence, ensuring the property has clear title and no outstanding debts. You will also need to arrange financing if required. French mortgages are available to non-residents, but it’s advisable to secure pre-approval before making an offer. Start that financial discovery for a French Real estate mortgage here.
6. Completion and Transfer
The final step is the signing of the “Acte de Vente” (final sales contract) at the notaire’s office. Once this is done, the remaining balance is paid, and the ownership is transferred. Congratulations, you now own a villa in France!
Tips for Buying a Villa in France
Understand the Market: Property prices can vary significantly between regions. Research local markets to get a sense of pricing and trends.
Legal Advice: Always seek independent legal advice to navigate the complexities of French property law.
Consider Renovations: Some villas may require renovations. Factor these costs into your budget and check for any restrictions on modifications, especially for historic properties. We have the teams for renovations in the South of France to turn an old house in a modern palace.
Cultural Integration: Learning basic French and understanding local customs can enhance your experience and help you integrate into the community.
Conclusion
Buying a villa in France is an exciting and rewarding venture. With its diverse regions, stunning properties, and rich cultural heritage, France offers something for every buyer. By following the right steps and seeking professional guidance, you can find your dream villa and enjoy all the benefits of living in this beautiful country.
Whether you are drawn to the sun-drenched beaches of the Riviera, the rustic charm of Provence, or the classy streets of Paris, your perfect French property awaits. Start your journey today and embrace the enchanting lifestyle that comes with owning a villa in France. Send a WhatsApp to 0033783579579 or email [email protected]
by Ab Kuijer//in Blog
https://www.livingonthecotedazur.com/wp-content/uploads/2024/05/umbrella-chair-around-swimming-pool-neary-sea-ocean-beach-with-blue-sky-white-cloud.jpeg8001200Ab Kuijerhttps://www.livingonthecotedazur.com/wp-content/uploads/2024/02/sitelogo150.pngAb Kuijer2024-05-20 11:53:172024-09-17 10:33:12Buy a Villa in France: a Guide to Your Dream Home
https://www.livingonthecotedazur.com/wp-content/uploads/2024/05/Creek-habroue-Dubai-new-apartment.jpeg553550Ab Kuijerhttps://www.livingonthecotedazur.com/wp-content/uploads/2024/02/sitelogo150.pngAb Kuijer2024-05-17 14:40:342024-05-17 15:16:46Nice and Dubai Newsletter may 2024
The Côte d’Azur, with its picturesque landscapes, sunny beaches, and luxurious lifestyle, attracts numerous property buyers every year. Investing in new real estate on the Côte d’Azur comes with many advantages, including the ten-year guarantee, a crucial protection for buyers. But what does this ten-year guarantee mean in the context of new construction in France?
The Benefits of Buying New Property on the Côte d’Azur
Quality and Modernity: New properties are built according to the latest standards in construction, safety, and energy performance. They offer modern amenities, optimized layouts, and better thermal and acoustic insulation.
Customization: When purchasing a new property, future owners often have the opportunity to customize certain aspects of their home, such as materials, finishes, and sometimes even the layout of the rooms.
Reduced Notary Fees: Notary fees for a new property purchase are generally lower than for an old property, representing about 2 to 3% of the sale price, compared to 7 to 8% for older properties.
Exemption from Property Tax: In some municipalities, new constructions benefit from a temporary exemption from property tax for the first two years following the completion of the work.
The Ten-Year Guarantee: Protection for Buyers
The ten-year guarantee is a legal obligation in France, enshrined in the Civil Code, which protects buyers of new properties against defects and hidden faults that could affect the building’s solidity or make it unsuitable for its intended purpose. Here’s what you need to know about this valuable guarantee:
Duration of the Guarantee: As its name suggests, the ten-year guarantee covers a period of ten years from the acceptance of the work. During this period, the builder is responsible for any damage affecting the building’s solidity or making it uninhabitable.
Types of Damages Covered: The ten-year guarantee covers serious damages, such as significant cracks in the walls, waterproofing issues, ground subsidence, structural defects, or any other problem compromising the building’s solidity and safety. Additionally, the first year offers a full guarantee on all aspects of the property, ensuring everything is in perfect working condition. For the first two years, the guarantee also covers all moving parts and equipment within the home.
Implementation Procedure: If damage is found that falls under the ten-year guarantee, the buyer must notify the builder by registered letter with acknowledgment of receipt. The builder then has a set period to carry out the necessary repairs.
Damage Insurance: To facilitate and speed up repairs, buyers are advised to take out damage insurance. This insurance allows pre-financing of repair work without waiting for a court to rule on liability.
RT 2012: Ensuring Energy Efficiency
In addition to the ten-year guarantee, new constructions on the Côte d’Azur must comply with the RT 2012 (Réglementation Thermique 2012) standards, ensuring energy efficiency and sustainability. RT 2012 aims to reduce the energy consumption of new buildings and improve their overall environmental performance.
Energy Consumption: RT 2012 limits the primary energy consumption of new buildings to a maximum of 50 kWh per square meter per year. This includes heating, cooling, ventilation, lighting, and hot water production.
Thermal Insulation: Buildings must have high-quality insulation to minimize heat loss in winter and keep interiors cool in summer, contributing to lower energy bills and a more comfortable living environment.
Air Tightness: New constructions must be airtight to prevent heat loss and drafts, ensuring that the building remains energy-efficient.
Renewable Energy: RT 2012 encourages the use of renewable energy sources, such as solar panels and heat pumps, to meet a portion of the building’s energy needs.
Conclusion
Buying new property on the Côte d’Azur is not only an exceptional lifestyle choice but also a secure investment thanks to the ten-year guarantee. This legal protection provides buyers with peace of mind by ensuring the coverage of any construction defects for a decade. Thus, they can fully enjoy their new living environment without major concerns about the quality and durability of their property.
By choosing to settle on the Côte d’Azur, buyers benefit not only from an idyllic environment but also from the advantages of buying new property and the ten-year guarantee, making this investment a wise and lasting decision.
by Ab Kuijer//in Blog
https://www.livingonthecotedazur.com/wp-content/uploads/2024/05/couple-having-break-from-moving.jpg17072560Ab Kuijerhttps://www.livingonthecotedazur.com/wp-content/uploads/2024/02/sitelogo150.pngAb Kuijer2024-05-17 10:24:412026-05-07 10:32:23Buying New Property : A Safe Investment with a Ten-Year Guarantee
Beautiful things are happening on the west side of Nice. A completely new district is being put together that reflects the Nice Côte d’Azur of the 21st century. Exciting architecture by renowned designers from all over the world and the latest high-tech facilities in the field of energy savings and supply, ecological building materials and safety can be found in this district.
The Hana building by Japanese architect Sou Fujimoto literally takes the cake. This graceful building, no less than seventeen floors high, has balconies in the shape of petals. The name Hana means flower in Japanese.
The residents can enjoy a view every day that looks towards the Alps on one side. Or as the crow flies to the sea, over Nice from the A side. A special view!
This year the building was awarded the prestigious Pyramide d’Or award, which increases its value even more.
Latest new apartments for sale in Hana Eco Valley
The project with 132 apartments is almost sold out; we still have a number of apartments available for you.
Delivery is autumn 2025.
Apartments on the 15th floor with views of the Alps and side sea views
B1501 – 1 bedroom 56 m² with 1 parking space 450 000 €
B1502 – 2 bedrooms 69 m² with 1 parking space 550 000 €
B1503 – 3 bedrooms 82.3 m² with 1 parking space 704 000 €
On the sea side of Hana we still have the penthouse with 3 bedrooms and private roof terrace for sale. Please inquire about the price.
by Ab Kuijer//in Blog
https://www.livingonthecotedazur.com/wp-content/uploads/2024/05/hana-nice-cote-azur.jpeg600800Ab Kuijerhttps://www.livingonthecotedazur.com/wp-content/uploads/2024/02/sitelogo150.pngAb Kuijer2024-05-16 18:58:592024-05-16 19:13:03The highest point of Hana in Nice West is almost reached
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