Why Property in France amongst the world’s most expensive

  • 13 years ago
  • Uncategorized

While much of the world’s most
expensive property is in cities such as New York, Tokyo and London, there are
also pockets of extremely high value luxury homes elsewhere in the world.  Now, new research has found that France
boasts the highest concentration of non-urban property hotspots on the planet.

Luxury property in the south of France the most expensive in the world

The Knight Frank Prime
International Residential Index monitors the prices of luxury homes across the
world and has found that the most expensive ‘non-city’ location of all is Cap
Ferrat, between Nice and Monte Carlo.

The most sought after area on the
Cap only boasts around 15 houses and so the limited supply has pushed the
average price of prime properties to £33,840 per square metre – about a third
more than Paris.

According to David Forbes of
Savills, the most recent sale on the Chemin took place three years ago, and
achieved £74 million.  For rich
buyers, Mr Forbes believes the choice is between Cap Ferrat and Saint-Tropez,
the world’s second priciest coastal hotspot at (£25,290) per square metre.

Jean-François Favelier of Burger
Sotheby’s International Realty said: “Owners here enjoy a private environment
that can’t be found anywhere else in the region.”

Prices of luxury winter property in France also the world’s highest

As well as boasting the most
expensive non-urban location in the world, France also boasts the most
expensive mountain/ski resort.

Prime properties in Courcheval
achieve £24,050 per square metre with some luxury chalets selling for £35,830
per square metre. Prices are high
thanks to an excellent choice of skiing and the fact that it is the resort of
choice for affluent Russian buyers.

Prices in Courcheval are higher
than Switzerland’s St Moritz and Aspen in Colorado, where prices average
£14,195 per square metre.

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