French Riviera Property Search Blog

Several people have asked me about the specific area of Cannes real-estate … so here are some figures: (more…)

The Clinton administration, led by its Housing Secretary Henry Cisneros, in its quest to encourage home ownership for the poorer classes of the United States, encouraged the banks to lend to less creditworthy individuals. Roots of the sub-prime fiasco stem from this policy.

The tsunami has started to engulf many nations, particularly the real-estate values of those countries which were already substantially over-valued (Economist magazine report of December 2006 warned of property over-values in United States, Spain and UK – all for different reasons, i.e. America because of encouraging high risk borrowers; Spain because of overbuilding often without proper controls and permissions; UK because of the banks’ zeal for high loan-to-value percentages for buy-to-rent properties). Hence the current worries of what will happen to the housing market in every country.

We, here on the Côte d’Azur, are concerned mainly with effects on the housing market in our region. So we must first look at France in total and then the differences in the French Riviera where we see increases in values year-on-year – so will this continue or level-off? (more…)