PROPERTY INSIGHT
Why the South of France and Monaco led the way for second home ownership
From the sun-drenched shores in the South of France to the opulent allure of Monaco, the Côte d'Azur has captured the hearts of yacht owners from across the globe. But yachting enthusiasts don’t just seek solace aboard their superyachts...
The average price per square foot sits at nearly $2,500, with Savills agents reporting a new influx of younger purchasers in the region.
Global real estate advisor Savills revealed in its Prime Second Home Locations Index that the Côte d’Azur ranks as the most highly sought-after destination for luxury living. Research from the Savills Index revealed a strong performance across all the categories (prime residential prices, leisure and lifestyle offering, hospitality, connectivity and global reach), with the area offering prime real estate options combined with high-end dining, retail and hospitality. The average price per square foot in the Côte d'Azur sits at nearly $2,500, with Savills agents reporting a new influx of younger purchasers in the region.
Views of some of the properties available through Savills.
Views of some of the properties available through Savills.
Find out more about French Riviera properties available through Savills
Sun, sea and superyachts
Nestled along the sun-kissed shores of the Mediterranean, the South of France and Monaco are the perfect options for yacht owners seeking a second home.
With its breath-taking beauty, exquisite cuisine and vibrant cultural scene, the region offers a lifestyle that marries luxury and leisure. The temperate climate, complemented by excellent air connections from the nearby Nice airport, not only ensures year-round enjoyment but also attracts international buyers looking for the perfect getaway.
Roquebrune-Cap-Martin
For those wanting sensational views, this historical property in Cap Martin ticks all the boxes. The six-bedroom house, situated in the sought-after domain of Cap Martin and once the ancient hunting ground of Monegasque royalty, overlooks Monaco. It dates back to 1889-1900 and was designed by Hans-Georg Tersling, known for his Italian influences and Belle Époque flair.
The region's calendar is studded with world-renowned events, including the dazzling Monaco Yacht Show, the adrenaline-pumping Monaco Grand Prix and the iconic Cannes Film Festival, offering owners a blend of social and cultural experiences.
High-end hospitality and retail establishments cater to the most discerning tastes, ensuring every aspect of life here is nothing short of exquisite. Beyond its captivating allure, every summer the Côte d’Azur emerges as the beating heart of the Mediterranean yachting world.
Beyond its captivating allure, every summer the Côte d’Azur emerges as the beating heart of the Mediterranean yachting world.
With a plethora of marinas, yacht clubs and facilities lining the coast, the region is one of the globe's most coveted superyacht hubs, making it an irresistible choice for owners seeking a home that complements their yachting adventures.
Cap d'Antibes
Right in the heart of the action is this charming villa in Cap d’Antibes. Set within mature landscaped gardens the villa has a large pool and separate pool house. It is ideal for an owner looking for a quiet retreat, but with easy access to the towns of Antibes and Juan-les-Pins.
Expert insight
The allure of Monaco is growing stronger by the day, and statistics are a testament to this. “The resale market in Monaco is up by 12.4 per cent for the first quarter of 2023 compared to 2022, with approximately one in eight properties going for over €10 million,” explains Irene Luke, principal partner of Savills Monaco.
The bustling rental market is aiding growth with renters often converting into buyers within a year. And, while supply remains exclusive, particularly in Monaco, two new developments, Bay House and Mareterra, are set to grace the principality in the coming year, further enticing the world's wealthiest to call Monaco home.
SAVILLS
SAVILLS
"The resale market in Monaco is up by 12.4 per cent for the first quarter of 2023 compared to 2022"
Monaco Tour Odéon
For those wanting to experience all that Monaco has to offer, a five-bedroom apartment in Tour Odéon is currently on the market. With magnificent sea views, the apartment is in one of the most prestigious buildings in Monaco. The property also has multiple amenities including a concierge service, valet parking, wellness area, fitness centre, spa, swimming pool, business centre and cinema.
Savills: Your trusted guide
In the pursuit of your second-home dreams on the Côte d’Azur, the guiding hand of a seasoned expert is indispensable. The Savills French Riviera network comprises seven offices - Beaulieu-sur-Mer, Nice, Cannes, Cap d'Antibes, Saint-Jean-Cap-Ferrat, Saint-Tropez and Valbonne. Savills also has a dedicated Monaco office.
For more unique insight into the latest luxury living trends, and a showcase of some of the world’s most impressive properties, visit Portfolio by Savills. Sign up to their newsletter to ensure you’re always kept up to date.
You can also contact the team at Savills to discuss your dream second home in the South of France or Monaco.
Explore the region – top property picks across the French Riviera
Nice
Roquebrune-Cap-Martin
Cap d'Antibes
Monaco
Saint-Tropez
Valbonne
