Riviera prices peak in the magnificent mansions and spacious gardens of the Cap Ferrat peninsula, characterised by winding roads, typical Mediterranean vegetation and a preserved shoreline that have drawn many famous names and artists.
Saint-Jean-Cap-Ferrat remains one of the world’s most sought-after home destinations. Private, secure and with spectacular views, the peninsula has a stock of just 500 residences.
Indeed, King Leopold II of Belgium favoured this location and is said to have described it as an “earthly section of paradise”. His love of the location is still evident in many of the buildings and vegetation of the peninsula, which he was instrumental in establishing.
Property pricing in the area can range from €15,000 to €80,000 per sq m and therefore rival top-tier world city markets. The most secluded properties can reach €50,000 per sq m with sea front property commanding in excess (Savills Research. Côte d’Azur Spotlight 2018), however, property does not trade quickly within the locality as wealthy owners have minimal incentive to sell, due to the fact that the location is viewed a secure store of wealth.
The area remains ever popular with the seasonal rental market. In addition to the seasonal calendar of events on the French Riviera, the location offers sea access, prime hotels, restaurants and easy access to Monaco, thereby meeting the demands of a younger generation investing in the Côte d’Azur property market.
Considered as one of the prime enclaves of the Côte d’Azur market, Cap Ferrat offers security, peace and true exclusivity.
To the West and East respectively, the villages of Villefranche-sur-Mer, Beaulieu and Eze serve as interesting alternatives to the Cap Ferrat peninsula, their geographical placement and vegetation ensuring a diverse range of property complete with sea views, spacious terraces and historic towns. These locations offer a greater range of apartment style property more suited to investment, holiday home and rental. Further to the west, the prestigious communes of Cap d’Ail and Roquebrune-Cap-Martin offer residents proximity to Monaco, with an increase in pricing with some villas equalling the € per sq m ratio of the famed peninsula.