French riviera price falls see sales boom

The French Riviera luxury property suffered price falls of 5% last year, yet has seen sales surge by over 16% according to data from the EstateNetFrance.com Research Luxury Property Index.

Luxury prices dropped 5.6% in 2011, with the average now standing at €2,117,349 according to the firm.

And the price fall, as well as the need for a safe investment, has seen sales numbers jump by 16.29%, according to the group.

“The French Riviera and its properties remain a secure investment and a preferred destination for second home buyers,” EstateNetFrance.com said.

Source:  OPP.org.uk