How much does Cannes property cost?

by Juanita Viale, Nice Properties Real Estate

If there is a more contrasted real estate market, it would be the Cannes property market. With a base price of real estate, not far from the railway and from the center of the city, from 4500 to 5500 € / m² and higher prices closer to the beach or to the hills of la Californie, la Croix des Gardes and Super Cannes.

From the «Palm Beach» area to the Palais des Festivals, as well as on the famous Croisette, apartment prices on the first line from the beach varies from 10 000 to 60 000 € per m². The closer you are to the famous hotels and the Palais des Festival, the higher the price. Typically, 1 million euros for a 2-bedroom apartment and from 3 to 6 million for a 3 bedroom  apartment with a sea view. Prices of villas and prestigious penthouses range between 10 and 15 million …

The port of Cannes.
In the prestigious luxury residences in the hills (Californie, Croix des Gardes), prices average 12,000 € / m² and can reach up to 22 000 € / m² for a more exclusive accommodation.

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However, in the central areas: «la Banane», «Suquet» or near the old port, the prices are more affordable – 8500 € / m², ie, 2-bedroom apartment will cost about 400 000 euros, 3-bedroom -between 650 000 to 900 000 euros, a million for a 4 bedroom 120sqm apartment.

Prices for  villa are also different: Provencal or modern villa in «la Croix des Gardes», «Oxford» or «Montfleury» will cost about 1.3 million euros. Villas near «Californie» or «Super Cannes» with sea views, a swimming pool, with luxury finishes, will cost from 2.5 to 5 million euros.