It’s spring on the Côte d’Azur and, while the weather in northern Europe remains predictably patchy, the sun is shining in Nice, with the mercury registering an early-April high of 20°C. All over the city, residents are soaking up the rays: wandering through the Cours Saleya’s colourful flower market, exercising along the Promenade des Anglais, admiring the yachts in the port or pulling up a chair to enjoy a salade niçoise and a glass of Provençal rosé in the Old Town. For property owners in Nice and Cannes, the two biggest centres on this picturesque stretch of coast, the year-round lifestyle here underscores the investment potential on offer.
“Homeowners who don’t live here full-time have always welcomed the opportunity to earn some rental revenue to help offset holding costs – it works well for them,” says Alex Balkin, executive director of Savills French Riviera & French Alps. “Beaulieu, Nice, Cannes and Antibes all have true year-round life. The weather helps, of course – the famous 300 days of sunshine – but culturally and socially, too, life does not stop once the summer months are over. Restaurants and bars are open year-round. In Nice, in particular, with a good international airport so close to the centre, the ease of taking a few days out of a busy life to be by the sea is alluring.”