Buying and renting out a property in Cannes is always a smart idea. Many people, therefore, buy a sunny apartment in Cannes or the direct area to enjoy the property and as an investment in real estate. After all, everyone knows that with your savings in the bank, you get next to nothing, and in the worst case, you still have to pay the bank to keep your money, the so-called negative interest.
But what are the average rental prices you can ask for, and does it yield enough? If you want to rent out your second home or apartment in the South of France, remember that you are competing with the hotels. Check the average prices per night in a hotel of the same class as your apartment. That gives an excellent guideline.
Buying and renting out your apartment in Cannes. How does that work?
Cannes is the festival city in the South of France. Anyone who buys an apartment here can rent it during busy festivals. This also applies to luxury villas in Cannes and the surrounding area. The real estate market in Cannes is very active and has many properties that are perfect for this. The Cannes festivals are an essential source of income for local businesses; hotels are already fully booked months in advance at triple rates.
You can, of course, take advantage of this when it comes to a high rental return. Visitors to conferences and festivals are the ideal tenants; they are hardly ever there and want a clean and spacious apartment and a good bed. If your apartment is larger than the average hotel room, you can keep the luxury hotel prices minus 10-20%.
Investing in Cannes real estate? These are the best months for short-term rentals in Cannes:
Agenda events and festivals Cannes 2024
March: MIPIM fair
April: many long weekends due to extra National Holidays
May: Cannes Film Festival
June: LIONS festival
July: World Sports Summit
August: Invasion tourists, Holiday season
September: Cannes Yachting Festival
Oktober: TFWA, MIPCOM
November: Mare di Moda
Buying and renting out a property in Cannes. How does that work?
Our luxury real estate portal offers all available condos, penthouses and villas in Cannes. You can rent out the property for almost the whole year. Of course, buying a property in Cannes also adds a 100% lifestyle and fun value if you use it for yourself as well.
With handy websites like airbnb.com and even bookings.com, you can offer your apartment to the rest of the world. Real estate in Cannes always appeals to a large and affluent audience willing to pay for luxury. But then you still have to organize the key handover when your guests arrive. After the guest’s departure, after a few days or a week, you must change the sheets and towels, wash the linen and clean the apartment thoroughly. And you will be there smiling for the next guest.
That is quite a lot of work and hassle because guests never arrive on time and expect you to be there. A key box with a PIN code can be a solution to this. But even then, you need a cleaning team and someone to inspect whether everything has been left tidy. Do not forget to take out comprehensive home contents insurance for any damage. Fortunately, specialized agencies in Cannes take care of all this for you.
We can introduce you to our rental management partner; count on an average of about 25% of the rental price to cover all costs and activities. The agency, therefore, ensures trusted and well-paying customers. If you would like more information about purchasing a villa or apartment as an investment for rental, don’t hesitate to contact us. Our services start with finding you the right real estate property in Cannes.
Our Cannes properties for sale, apartment and villa
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