So many prime areas are awaiting those seeking to add to their property portfolio in France. Whether you are looking to purchase an up-and-running hotel, rescue an unloved property or buy land to build a luxury hotel, there are undoubtedly some great opportunities available.
France has long been a desirable place for the rich and famous, offering many glamorous resorts and smaller beautiful towns and cities that provide a stunning escape. The country offers many great opportunities for those seeking to buy a second home, a hotel or an investment property abroad.
The Cote d’Azur
The Cote d’Azur is undoubtedly one of the most prominent and fashionable places for the rich and famous to hang out, and you will indeed be mixing with the wealthy celebrities and affluent clientele amongst the many visitors to the area as a hotel owner. Affectionately known as the French Riviera, it is situated in south-eastern France on the Mediterranean coast and benefits from a warm sunny summer climate and mild winters. The moderate climate and rarely bad weather draw visitors, second homeowners, and property investors from the UK and worldwide. With the rich and famous snapping up properties in the most well-known areas, property prices tend to be on the high side, making the surrounding areas an equally attractive proposition for investors.
The well-known destinations of Monaco, Cannes and Saint-Tropez hold some of the area’s most expensive hotels and properties. Yet, there are still many opportunities to invest in French hotel property and add to your hotel property portfolio, especially if you look at the outskirts of these ultra-prime areas.
Popular with visitors, the French Riviera presents excellent investment opportunities for individuals and companies seeking to add the hotel market to their portfolio. You may even find land or development opportunities to build or renovate to add to your hotel property portfolio.
Before you buy
To make the dreams come true, hotel finance and lending opportunities are available through specialist brokers. A specialist broker for bridging finance for property will bring you the local knowledge of laws, market quirks, and regulations that will smooth the way and open up a range of specialist lenders for your borrowing that suit your circumstances. They will have experts in the various lending fields and contacts within many of the areas that can help you navigate a smooth path through the legalities and help you get to know the area. A broker can often access more favourable lenders, rates and terms than is possible to achieve than going it alone.
The French Riviera indeed features highly in foreign property investment. Yet, it is not without complications; some that only a specialist broker can help you overcome. While we could go on about how you can access favourable borrowing terms, let’s firstly look at the areas around the Cote d’Azur that are worthy of a look to buy or build a hotel to add to your property portfolio.
Saint-Tropez
One of the hottest property markets in the world, it remains highly desirable and not least because property prices remain relatively stable, and properties can attract multiple bidders. Saint-Tropez offers a mix of properties, some of which see year-round residence and some more suited to the peak summer months, so choosing the best area for your hotel purchase will depend on the clientele you are hoping to attract.
Cannes
Cannes is popular with holidaymakers looking for the glamour that the boutique shops bring and enjoy the benefits of the quality of life, calmer living, sun, sea and sand that the big cities cannot offer. AS A location with a star-studded reputation, hotels can certainly fill for events such as the Film Festival and for those wanting to catch a glimpse of the international stars that choose to holiday or have homes there, it’s certainly popular with many visitors. The property market remains active, so the opportunity to add a hotel to your property portfolio could become real.
French Riviera Hillside/ Arriere-Pays
Situated just a short drive from Nice, the quieter Provence-Alpes-Cote d’Azur offers picturesque, charming villages and a quieter pace of life. Yet, you remain within touching distance of the bigger bustling towns on the French Riviera and Nice airport.
A popular area for French nationals and holidaymakers alike, it can present some excellent property investment opportunities as the area welcomes visitors from around the world looking for typical French charm. Rural markets and Provencal-style properties sit nestled in the stunning riviera hillsides to offer a less star-studded insight into rural French lifestyles.
Saint-Jean-Cap-Ferrat
With the ease of travel restrictions, this area is beginning to come alive once again. This peninsula is home to exceptional properties and villas with large land plots close to the sea. Visitors enjoy some of the prime luxury real estate the area offers. A hotel in this area is undoubtedly an investment for the future that attracts visitors, including European aristocracy, the international rich or those seeking a touch of luxury in a tranquil and warm climate.
Cap d’Antibes
A popular but smaller holiday destination, the Cap d’Antibes attracts celebrities and those wishing to rub shoulders with the rich and famous. This stunning area includes the iconic hotel Eden Roc and the Bay of Billionaires bringing some of the most beautiful homes found on the Cote d’Azur. The beautiful scenery rivals any destination in the world. Spectacular walking opportunities, beaches, small coves and rocky outcrops offer a break away from the celebrity lifestyle. Situated between Cannes and Nice, it is undoubtedly a selling point for anyone seeking a hotel stay on the French Riviera. A getaway opportunity to enjoy a quieter side and stunning scenery.
Reduce the risks
Purchasing any investment property is not without risk. When building or purchasing overseas properties, it is always wise to use the services of specialist high-net-worth finance specialists experienced in hotel finance and luxury property lending. They will likely even know the best restaurants and have local knowledge and experience that can help you fit in quickly. A specialist broker like Enness Global can offer the benefits of their lending stream relationships, local partnerships and legal experts to work with you. Their help can save you both time and money and support to navigate the often-complex issues that arise when buying property abroad. Early advice and support are undoubtedly valuable to removing many disputes and problems that can occur when you go it alone.
