Côte d’Azur as a potential property investment

Côte d’Azur as a potential property investment

Guest blog post from Блажеев Кирилл Tranio.Com

The Côte d’Azur which is known in English as the French Riviera is one of the most popular tourist destinations in the world. This Mediterranean coastline in the southeast of France is famous for rich cultural heritage, wine and unique traditions of cheese making, numerous events. French mild sunny climate and absence of tiring heat make stay in this place comfortable for each guest. International real estate experts admit that today’s France is one of the best facilities for international investments in property. So if you are interested in property for sale in the Côte d’Azur, go to the link http://tranio.com/france/cote_d_azur . Specialists of Tranio.Com will help you find the best property, connect you directly with agencies, developers and owner and will accompany you during all stages of buying an apartment or a house.

Earlier the main interest of investors was associated with buying property for personal use.  In the last two years there has been a large increase in the purchase of property for subsequent lease. This fact is easily explained. The number of tourists per capita in France is 2.33 per year. This is the highest rate in the world. This influx of tourists provides a high and steady demand for rental housing and hotel services.

Most of French big banks offer mortgages to foreigners, although the requirements for non-residents are more stringent than for the locals. The state strictly controls all aspects of the mortgage, so it is considered to be one of the safest in the world.

Interest rates for foreigners are 2.5–4.5 % per annum plus insurance rate about 0.2–0.3 % which is obligatory for French banks.  Non-residents may take out a loan not more than 60–70 % of the purchase price, the term of payment is from 5 to 25 years, the minimum threshold of the loan is 80,000 euro, the borrower shall pay the mortgage till 70 years.

The Côte d’Azur is a popular prestigious resort, the largest city of which is Nice. The region is famous for marinas where you can see luxurious yachts. About 90 % of all super yachts visit the French Riviera at least once in their lifetime. No one can stay indifferent to almost the whole year shining sun, more than one hundred kilometers of gold beaches, golf, skiing and dainty dishes at excellent restaurants.

This is a guest blog post from Блажеев Кирилл Tranio.Com