Cannes
Real Estate in Cannes
Not every destination can claim worldwide recognition. With a population that fluctuates around 70,000 residents year-round and an area spanning nearly 20 square kilometers, Cannes stands out as a coastal city blessed with a delightful climate, capturing global attention.
Points of interest in Cannes feature the ''Chateau du Suquet'', constructed in 1035 by monks to defend the city, offering sweeping vistas of the Cannes bay. 'Iles de Lerins' and 'Ile Sainte Marguerite', a sizable island where the Man in The Mask was imprisoned for 11 years, with his cell now accessible at the Maritime Museum.
The renowned Palais des Festivals hosts various conferences and festivals year-round, notably the International Film Festival, attracting movie stars worldwide to Cannes for a distinct twelve-day period in May, creating an unparalleled ambiance.
- MIPIM serves as an expo where developers from across the globe showcase their latest projects to potential investors.
- MIPCOM, an international film festival and market program focusing on television, video, cable, and satellite technologies, occurs in October.
- MIDEM, the World Music Market Exhibition, is held in January.
In general, Cannes hosts approximately 11 expos and festivals annually. This economic vibrancy has spurred significant real estate investment, particularly in central Cannes. The issue of insufficient hotel accommodations during major events and peak summer seasons has led to a surge in apartment rentals in central Cannes, specifically in the area referred to as "'La Banane", situated between the Croisette and the ring road, where property prices range from 4,000 to over 20,000 euros per square meter. Another prestigious locale is the Palm Beach district with its casinos and nightspots.
The sandy beaches along the Croisette and to the west, 'les plages du Midi', offer an idyllic setting for summer getaways, where one can savor Mediterranean cuisine, bask under the sun, engage in various water sports, or simply start each day with a leisurely stroll through Cannes' streets or waterfront. Numerous upscale boutiques line the Croisette, featuring renowned brands like Gucci, Chanel, and Dior. Additionally, the Croisette boasts some of the world's most opulent hotels, such as the Carlton, Majestic, and the Martinez Hotel.
Cannes is perched atop two hills overlooking the bay, with Californie to the east and Croix des Gardes to the west. These areas serve as prime residential zones, offering exquisite villas and apartments with unparalleled views of Cannes, the islands, and the western hills.