For anyone who works hard, it is nice to have a buffer to cope with bad times. You have this money in a savings account and if that amount grows a little every year, then you are doing well. You may wonder whether there is more you can do with your savings. Your bank sometimes gives a little interest, but the question is whether that makes you happy.
Many people, therefore, choose to invest their savings in real estate, of course, in the most stable region in Europe and perhaps the world: the Côte d’Azur. Entrepreneurs, celebrities, and artists invest part of their wealth in French Riviera luxury real estate because it has been proven that this region always remains stable, no matter what happens.
The French Riviera: the best destination for your savings
Even if the world is turned upside down; there will never be a real estate crisis on the Côte d’Azur. That’s because no one has had to borrow the money for his or her property. As a result, there are never any forced sales (except a few divorce disputes) that bring the market’s price down. In fact, real estate prices continue to rise. Buyers come from all over the world. As a result, there is always more demand than supply, which determines the price.
Of course, there are pessimists (in an attic room) who say, ‘Things are not going well at all with that real estate because that ten million villa in Villefranche sur Mer has been for sale for years. And the price they ask is so high, no one is going to pay that!’ The reality is that such real estate actually yields extremely well. The seller is in no hurry to sell because the rental income per year is sufficient.
But if someone wants to withdraw ten million from the bank and invest it in luxury real estate, then such a villa is the perfect money machine. In this area the weekly price starts at 25,000 euros and can go up to 100,000 euros per week. And in the meantime, the value of the property increases. It is also an ideal way to give your children something beautiful for the future. If you make them the direct owner and give yourself the usufruct, no one will worry about leasehold tax later.
Guaranteed rental income
Depending on location, style, space, and exclusivity, you can rent out any home well. A villa with a swimming pool in a village quickly sells for 4,000 euros per week. The closer you get to the coast, the higher the rental income. But an apartment in Cannes can also be lucrative. With an investment of 300,000, you can relatively easily earn between 25,000 and 30,000 euros per year thanks to the many conferences and events.
Step into the safe bubble of the Cote d’Azur
Banks warn every year about a new real estate bubble. This certainly exists in areas where sellers make real estate stunts and promise mountains of gold. It is good to realize that the south of France is never on the list of high-risk areas. It is an international safe haven for everyone from all countries. With the best care, safety, nature and entertainment anyone could wish for.
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