Engel & völkers unveils new flagship on french riviera

The giant German overseas property agency franchise Engel & Völkers has opened up a new flagship store in Cannes on the French Riviera as prices in “prime locations reach new highs,” says the company.

“The French Riviera ranks amongst the most stable second home markets in Europe.” E & V told OPP this week. “The upper market segment in particular is characterised by a level of demand that remains consistently high.”

The Hamburg-headquartered group is now up and running on the “Rue des États-Unis” in Cannes, not far from the famous beachfront “Boulevard de la Croisette”.

E & V board representative Jörg Buchen told OPP that “in very good locations, prices per square metre for apartments range between €10,000 and €14,000. At absolutely prime addresses such as the ‘Boulevard de la Croisette’, prices can reach as much as €30,000 per sqm. Prices for villas range from €3 to €8 million, with exceptional properties sometimes even exceeding a price tag of €30 million.”

Source: OPP.org.uk