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Property and Travel News for the South of France (including Tips and Topics in the South of France and Monaco)

Former Hotel Le Provençal at Juan Les Pins is being converted into luxury apartments

Le Provençal that was once a famous hotel with spectacular views over Juan Les Pins and the Mediterranean is being revamped. Located near to the site of the annual Juan Les Pin Jazz festival -Jazz à Juan. It was originally built in 1926 as a 290 room hotel by American millionaire Frank Jay Gould and its era entertained guests like John F Kennedy, Winston Churchill, Douglas Fairbanks Jnr and Charlie Chaplin. The hotel closed in 1966 and the 15,000sq m 10 storey white building has stood empty for the past forty years. English property developer Cyril Dennis who has successfully developed a large amount of London's docklands has paid a reported £48 million to the German owner. It is now being re-furbished and being converted into luxury apartments. There will be 56 of these plus 4 studios and the prices are likely to be between €2.7 million and €37 million for one of the penthouses. A parking space will cost €50,000 each and there are 131 of these. July 2008 |Top of page

Monaco Grand Prix

On a very wet Sunday on the 25th May, Lewis Hamilton won the Grand Prix in a McLaren-Mercedes he was the first Englishman to win the race since Graham Hill in 1969. Second was Robert Kubica BMW Sauber from Poland and third was Brazilian Felipe Massa in a Ferrari who had been on pole position.May 2008| Top of page

Cannes Film Festival

The Cannes Film Festival's Palme d'Or was won by the French production Entre les murs (The Class) on the 25th May 2008. The film, directed by Laurent Cantet, used teachers and students to chronicle a year in the life of an inner-city school. This is the first time a French film has won the Palme d'Or since Sous le Soleil de Satan by Maurice Pialat in 1987 May 2008 More Information | Top of page

Mediterranean building ban

Environment ministers of 14 countries have agreed in principle to ban the construction of commercial and residential developments within 100 metres of the Mediterranean coastline. The new Integrated Coastal Zone Management (ICZM) was ratified in Almería by the ministers.

The convention has agreed that along the 29,000 mile shoreline of the Mediterranean that no construction would be permitted within 100 metres of the coast in an effort to help protect the coastline from the damage caused by development and human contact. Christina Narbona Spain's minister for the environment and José Fernández Pérez, Spain's environment ministry Director of coastal areas told a press conference that Albania, Algeria, Croatia, France, Greece, Israel, Italy, Malta, Montenegro, Morocco, Slovenia, Syria and Tunisia have all ratified the Barcelona Convention and that Bosnia, Cyprus, Egypt Lebanon, Libya and Turkey have not at this stage, however they are believed to be signing the agreement later in 2008. March 2008 | Back to top

Lyon to move to Dubai! Not quite

A Dubai entrepreneur who has fallen in love with Lyon, plans to build a new version of the French city in Dubai. The new district will be called Lyon-Dubai-City and although this will not be a Disney style copy of the city it will be complete with cinemas, cafés and building built in Lyonasise style. It will be about the size of the latin quarter of Paris and the estimated costs are around  500 million. The city will be organised on European lines. In April 2007 it was announced that The Louvre Paris opens "another branch" with a Museum in Abu Dhabi. March 2008 | Back to top

Vladimir Putin buys a Château near Saint-Tropez

The Daily Telegraph revealed earlier this year that former Russian President Vladimir Putin had bought a Château near Saint-Tropez. According to their report, it is in the process of being renovated in time for the spring. The accommodation includes an inside and outside swimming pool and has 20 30 rooms. March 2008 | Back to top

Airline News Update for February 2008

easyJet who has acquirred GB Airaways from the Bland Group will be flying to Corsica. They will offer services from London Gatwick to Ajacio and Bastia and additional routes in France to Montpellier and Nantes. Meanwhile Ryanair has launched it 25th European base at Birmingham. From Birmingham they will offer services to Biarritz, Dinard, Marseille and Perpignan. February 2008 | Back to top

Increase in passenger traffic at Nice Airport in 2007

The year end report for Nice Airport showed that traffic has now crossed the ten million mark. In 2007 10,385,000 passengers passed through showing a growth of 4.5 per cent on the 2006 figures. The busiest time was May to September.As far as routes are concerned, Paris is the most popular followed by London and Amsterdam. Air France comes out as number one airline followed by easyJet and British Airways. Two new airlines started flying to Nice in 2007 - Ryanair from Dublin and Vueling from Barcelona. There are now 65 destinations in 23 countries flying to Nice.February 2008 | Back to top

Ikea sets a provisional date for early 2010 for new store in the South of France

The Swedish furniture group IKEA is intnsifying efforts to finalise a location of it's new store. They have set a provisional date of early 2010 to open the new store. The propsed site at Mougins has been rejected and they are looking at a site at Bec de l'Estéron in the Gillete commune. It is a big site with no problem for access roads.February 2008 | Back to top

Monaco has a new hotel

The Novotel Monte-Carlo has opened in Boulevard Princesse Charlotte. It is a 218 bedroom hotel that is being marketed as a Three star plus. This means that it will not compete with the luxury hotels or the mid range sector. The hotel intends to attract business and leisure clientel. 18 of the rooms are suites and the hotel also has an outdoor heated swimming pool, a roof terrace, fitness room, two hammams and a 24 hour retaurant. It is located approximately 200 metres from the railway station. Meanwhile whilst France has a smoking ban, Monaco does not. However smoking at the Joël Robuchon restaurant at the Métropole Hotel is no longer an option. Smoking is still allowed in the bar but it is expected that the Moegasque authorities will introduce tougher smoking laws shortly.February 2008 | Back to top

House prices to remain stable in France in 2008

France's national association of estate agents FNAIM (Fédération Nationale de l'Immobilier) has said that after an increase of some 140 per cent over the last ten years, house prices in France will continue to rise in 2008, however this will be a slower rate than in previous years. Their annual report has revealed that in the last quarter of 2007 house prices rose 2.5 per cent. The President of FNAIM René Pallincourt stated that the stability of the market would persist throughout 2008 saying in Le Monde "It apears that any downturn can be dismissed, prices will stabilise within the 0.2 per cent growth range". According to one major French estate agent Orpi, 6.5 per cent of enquiries came from house hunters whereas only 2.5 per cent from vendors. February 2008 | Back to top

British and Irish citizens now own 3.81 million properties overseas.

The figure does not include timeshares. The research agency Datamonitor has found that 1.21 million properties are owned by permanent Irish or UK residents. There is £44 billion on the overseas property market in 2006 and the research says that growth will be over 13% between 2008 and 2012. The main countries people still choose are France, Spain and the USA.January 2008| Back to top

From the 17th November 2007 — Low cost carrier Ryanair strats flights between Dublin and Nice

Aer Lingus's monopoly of flights between Dublin and Nice will end when a daily Ryanair flight starts. Ryanair will also be operating routes to Marrakesh and Fez in Morocco from Nice Cote d'Azur and Marseille from October 31st. 2007 October 2007| Back to top

Founder of Ryanair — Dr Tony Ryan dies

Dr Tony Ryan the Ryanair airline founder and entrepreneur died at his home in Co Kildare, Ireland on the 3rd October 2007 after an 18 month battle with pancreatic cancer. He was 71. Michael O'Leary chief executive of Ryanair who was Tony Ryan's personal assistant said," It was a privilege to work for him and to learn from him". More on this story here. October 2007| Back to top

Report shows house prices in the Alpes-Maritimes- are still on Increase

The Observatoire Immobillier report for the Côte d'Azur that monitors house prices in the Alpes Maritimes shows house prices are still on the increase. It states that in the first quarter of 2007 buyers were spending 5 per cent more on modern houses and 10 per cent on established ones compared to the same period in 2006. Only 1,400 new build properties have been released in the first six months of 2007 which is 30 per cent less than in 2006 October 2007

Inheritence tax threshold raised in France to boost property market

President Nicolas Sarkozy has increased the inheritance tax threshold to boost the French property market. The new legislation raises the inheritance tax threshold from  50,000 to  150,000 per parent for each child. For brothers and sisters the threshold rises from  5,000 to  15,000 and for nieces and nephews it will be  7,500. It is estimated that with the new changes as many as 95 per cent of the population in France will no longer pay any inheritance tax at all upon the death of their parents.September 2007 | Back to top

Holiday Home Insurance Warning in France

A correspondent to a French property magazine wrote in August 2007, a warning to other readers about the importance of retaining receipts for items of property at the family holiday home in France. It was reported that the house was broken into in late 2006 and the agent made the discovery. Although the agent dealt with the issue, the owners decided to visit the property as well. The property was insured with a large French insurance company September 2007 More on this story | Back to top

Helicopter flights at St Tropez limited

The French authorities have limited helicopter flights to St Tropez following complaints about the noise. In 2006 a voluntary agreement authorised 1,200 flight movements a year, but 5,000 flights were registered between June and August 2006. Some companies were found to be flouting the rules.August 2007

ICM Research finds that many British buying in France are unaware of the need for insurance.

French Property News reported in it's June edition that according to a recent ICM research that was commissioned by Hiscox that there are now much younger and inexperienced buyers of overseas homes. Young people are buying overseas to get a foot on the property ladder and then eventually selling up and buying in the UK. The research backs up the fact that only 4 per cent of those surveyed said that legal liability for guests having accidents on their property worried them. They should fully examine the policy and find out what they are covered for. more information June 2007 Back to top

French property prices look set to increase by 6% in 2007 and second home property prices have risen by 19% per annum over last ten years.

A report from the national association of French estate agents FNAIM state that re-sale property prices look set to increase by six per cent in 2007. In April the price of apartments increased by 1.4% compared to March 2007. Although prices for non-new build houses remained almost at a standstill with only an increase of 0.1%, jointly property prices have registered a year on increase of 1.3% during the first three months of 2007. These increases are not as high as in 2006 when they rose by 7.2% ,10.9% in 2005, 15.5% in 2004 and in 2003 14%.

However, property prices of second homes in France have risen on average by 19% over the last ten years according to research by estate agents Savills and the holiday home website Holiday Rentals.co.uk. The Rhône-Alpes region has experienced the highest second home price increase over the last five years. June 2007 Back to top

Higher French tourist records for 2006

There were 78 million visitors to France in 2006 according to figures released by junior minister for tourism Léon Bertrand. The figures represent 75 per cent being fellow Europeans - including Spanish, British, Swiss and visitors from Eastern Europe. The increase is a 2.7% increase on 2005.June 2007 Back to top

Research has found that London residential property is the most expensive in the world - It has now overtaken Monaco - Cannes is 6th, St Tropez 7th and Paris is in 9th place.

A report by Knight Frank and Citi Private Bank has revealed that London has the most expensive residential properties in the world. The average cost in prime central London is £2,300 per square foot. More May 2007 Back to top

Barclays Bank expands French operation

Barclays Bank that is very much in the news in April after it has agreed a €67bn takeover of Dutch bank ABN Amro. Barclays will hold a 52% stake in the new merged banking group, which will be the world's fifth largest banking group . It has opened a new branch at Port-Frejus in the Var in the south of France. The bank currently has eight branches in the south of France April 2007 Back to top

New Identity signs in Monaco

The signs at entry points to Monaco have also been added in Monacan - Principatu de Múnegu - Mune Carlu have been added. The Comité des Traditions Monégasques have arranged these in order to emphasize Monacan identity and heritage.

April 2007 Back to top

Russians are buying up the hotels in the South of France

In 2006 the owner of Chelsea Football Club - Roman Abramovich bought the Hôtel du Cap-Eden-Roc at Antibes, near Cannes.This hotel is a favourite location for the stars of the Cannes Film Festival (see) and is very popular with rich Russian tourists visiting the Côte d'Azur. Their website lists a long alphabetical celebrity guest list. Now a fellow Russian Leonard Blavatnik has just purchased the prestigous Grand- Hôtel du Ca-Ferat located between Nice (see) and Monaco. He is a business oligarch - business magnate who was born in Russia and emigrated to the USA in 1978. This specatular hotel was opened in 1908 and like the Hôtel du Cap-Eden-Roc has a pedigree guest list including Winston Churchil, Aristole Onassis, Pablo Picasso and a fellow Russian Tsar Nicholas 11. There are 44 rooms and 9 suites with room rates from €333 to €1,098 and at times rising to €2,525 per night. The estimated purchase price he has paid is €215 million - £146 million. He has also purchased the Hôtel de Vendôme in Paris.This is located in Place Vendôme in the centre of the French Capital. March 2007 Back to top

Assetz Finance states that more holiday home purchasers are taking out French Mortgages

A recent report by Assetz Finance states that more people buying holiday homes in France are taking out French mortgages instead of paying in cash. Assetz Finance in the last year has seen a rise in the number of British holiday home buyers taking out a French mortgage from 33 per cent in 2005 to 50 per cent in 2006. French mortgages are one to one and a half per cent cheaper in the UK. January 2007 Back to top

France 24 TV news is launched

France 24 the French international news channel has been launched. This news channel offers a French perspective on world events. It broadcasts 24 hours a day offering an in depth analysis of current affairs and news. It is broadcast in French and English and later this there will be an Arabic version and a Spanish version is scheduled for 2010. It is available via SKY or TPS. January 2007 Back to top

Marseille to be France's first airport dedicated to cut price air travel

Marseille is to be France's first airport dedicated to low cost airlines with one million passengers expected to pass through the airport in 2007. A new terminal, MP2 ( short for Marseille Provence 2) will be located next to the existing buildings. This will be able to deal with six flights at any time. It will deal with 3.5 million passengers per year. The new facility will boost traffic at France's fourth largest airport December 2006 Back to top

Britons now own £4.6billion of property in France

Britons have bought some 51,000 properties in France sonce 2000. The last French census in 2004 recorded a 50 per cent increase over five years in the number of Britons who live permanently in France to 100,000 and there are about 500,000 who spend more than six weeks a year there. The country is the favoured place for retirement with 37 per cent wishing to retire there according to an ICM survey as opposed to 30 per cent opting to stay in Britain. At the same time the survey found that if given the choice of nationality, just over half of Britons under 50 would retain their passport, but 22 per cent would opt to become French instead. October 2006 Back to top

Expansion out to sea at Monaco

The Sovereign Price Albert II has formerly launched his first major project since taking the reins of the Proncipality of Monaco. Tweleve hectares are to be reclaimed from the sea at Le Portier, just west of the Grimaldi Forum. The land is to be developed to offer 300,000 square metres of extra space for housing (40 per cent) and office space, alongside public amenities such as nursery school and crèche. There will also be another shopping centre and additional berths for pleasure boats and a coastal pathway to link Lanvotto to Port Hercule. There are also plans to build a new National Museum here. Work should begin in 2008 and be completed by 2014 and to pay for it - there a budget running into billions of euros. September 2006 Back to top

Aer Lingus will be charging for carrying luggage

The Irish airline Aer Lingus has followed Ryanair and FlyBe in annoucing that it will charge passengers extra for baggage it carries in the aircraft hold. This will be from the 17th January 2007. They will levy a fee  8.00 / £5.50 for each bag carried for short haul flights or half if it is booked on line in advance. This fee policy reflects the moves among some low cost airlines like Irish competitor Ryanair to apportion costs for optional services. The company has abolished complimentary catering on its European network. The policy will not affect British Airways passengers who are booked on "code share flights" (EI127 /BA329 for excample) that operated from London Heathrow to Dublin, Cork and Shannon. British Airways has negotiated for its passengers to be exempt from the charge. August 2006 Back to top See also Code Share Flights

Property Boom in France

Property investors are receiving an average 92 per cent return on their investments in property in France. Property investments in France are outperforming those in the UK, Spain and Florida-USA according to a study by property investment specialist Assetz. Florida was second with 81 per cent. The UK stands at just 35 per cent. August 2006 Back to top

Delta Air Lines now has a non-stop scheduled flight between Nice and Atlanta, USA and Sky Europe starts a service to Prague in the Czech Replublic.

Delta Airlines have announced a new regular service between Nice and Hartsfield Jackson. They can now connect with 145 daily flights to over 130 cities around the world. This development takes place less than fifteen years after the Nice to New York (JFK) service was established. The low cost carrier Sky Europe started a service to Prague in April. There are three flights a week. The company started in 2001. July 2006 Back to top

Villeneuve-Loubet promotes itself as a family resort on the French Riviera

Villeneuve-Loubet as numerous tourist assets. There are seven thousand hotel beds, two natural parks, the Canyon Forest, self catering holiday apartments and villas, the Labyrinthe de L'Aventure, a riding club, a castle, river and of course the Mediterranean Sea. The municipality has decided to promote it's family image by putting a great emphasis on young children. Back in 2004 the town became the only commune on the PACA region coast to be awarded the "Station Kid" label (This is a Ministry of Tourism label taking into account the quality of the environment, security, facilities and activities for Children). There is going to be a big poster campaign. July 2006 Back to top

European Estate Agents sign up to an International Code of Practice

There have been more than 40,000 Estate Agents throughout Europe who have chosen to conform to a code of practice that was originally developed by the National Association of Estate Agents (NAEA) and FOPDAC. This is the Federation of Overseas Property Developers Agents and Consultants. It was established over 30 years ago. All members of the European Confederation of Estate Agents (CEI) will now belong to the this new International Code of Practice. This will also include recently joined EU members like Slovokia as well as France, Ireland, Germany, Spain, Portugal Italy, Romania, Holland, Hungary and Austria.June 2006 Back to top

Airline tax in France

From 1st July 2006 France will be imposing a taxe de solidarité on airline tickets to contribute to the financing of developing countries. When passengers take flights from France they will pay a maximum of1  for economy class and 10  for business class for inter European flights. If they are non-European flights the tax will be 4  for eceonomy and 40  for businees class. This tax is expected to raise over 200 million euros.June 2006 Back to top

Ryanair chooses Marseille as south of France base and Jetairfly continues it's north - south routes into the winter.

The low cost airline Ryanair plans to make Marseille its 16th "hub" base. It will base aircraft there and operate routes from November 2006 to Dublin, Eindhoven,Brussels Charleroi, Fez in Morocco, Glasgow, London Stanstead, Rome Ciampino and other locations. Meanwhile Jetairfly airlines have announced that due to popular demand they will continue their Brest-Toulon flight into the winter.The service started in April 2006. The company is part of Jetair, Belgium's leading tour operator. It is known in France as Nouvelles Frontières - TUI France and Corsair. June 2006 Back to top

Corsica Ferries Celebrated their 10th anniversary in May 2006

In 1996 Corsica Ferries ended the SNCM monopoly of crossing to Corsica. On the 22nd May they celebrated in the port of Nice. The company carried 2.7 million passengers in 8,000 trips or more in ten years. There are now how speed ferries ( NGV's) and of one million passengers travelling between Nice and Corsica in 2005, 750,00 went by sea. May 2006 Back to top

Ikea site is being opposed

Plans that have been submitted by the Swedish furnishing store IKea are being opposed. These were unveiled in February to build the the news tore near Mougins. The Association for the Defense if the Quality of Life of the Inhabitants of the Saint Martin Quarter of Mougins and its Neighbours (ADCV) was formulated on March 7th. Ikea plans a 20,000 square metre store in the Saint Martin ZAC ( Zone d' Aménagement Concerté ) area. The Mayor of Mougins Richard Galy believes that increased traffic will benefit the area financially and supports the project which should create around 500 jobs in the area. The ADCV believe that stote will have a negative effect on the local and regional economies. They say it will cause more traffic polution and lower the quality of life for residents. The nearest Ikea stores to the area are at Toulon and Marseilles. May 2006 Back to top

2005 Property Market in the South of France

The Observatoire Immobbilier de la Côte d'Azur for the Alpes Maratimes - the body that monitors the property market has published the statistics for 2005. Prices have been at an all time high with a 21 percent increase in 2005. There has been an 18 percent increase in the average price of new buildings that have come onto the market and the trend appears to be continuing into 2006 with the average price already being 14 percent more expensive than previously. Although prices have risen the number of sales appears to have stagnated. There has only been a 0.5 per cent increase in the sale of properties whilst the stock available has increased. People buying in the region are a mixture of French, foreigners - They are buying for second homes, retirement or investment. On the commercial side there are projected office buildings in Nice with up to 320,000 square metres to be developed in the north of the airport at L'Arenas and Méridia. May 2006 Back to top

French Property prices rise by 10.3 per cent in 2005

Average property prices in France rose by 10.3 per cent in 2005 according to the French National Association of Estate Agents (FNAIM). The price of property rose strongest in Auvergne, Basse-Normandie, Le Centre, Champagne-Ardene, Franche-Comté, Haute-Normandie, Languedoc-Roussillon and in Lorraine. The East and North also continued to see rising prices. May 2006 Back to top

Pets in Apartments in France

A correspondent of The Riviera Reporter has written to the magazine saying that under French law a person renting a property has a right to keep a dog. This person ows a time share in Antibes and although other residents are permitted to keep dogs, their time share company refuses consent. The Riviera Reporter has replied that under normal circumstances no one can forbid them from keeping an "animal del compagnie" (domestic pet). According to the law dated July 10th 1970 - you can keep several animals - within "reasonable limits" - except for certain categories of dangerous animals and dogs oulined in the revised law of January 6th and April 27th 1999.The only types of dogs that can be forbidden outright under the terms of these laws are Pitbulls, American Staffordshire Terriers, Staffordshire Bull Terriers,Boerbulls and Tosa Inus. Under the law you are required to prevent your dog from disrupting the tranquility of your neighbours by barking or foul odours. The dog must not cause any physical damage to the building or gardens and communal areas.April 2006 Back to top

Flights now avaible between Nice, Cork, Dublin and Belfast

Starting on the 1st April 2006 Aer Lingus will be flying to Dublin from Nice on Monday, Wednesday, Friday and Sunday and to Cork on Friday and Saturday. The frequencies will be increased in the summer. easyJet will have flights to Belfast on Monday,Thursday and Saturday.April 2006 Back to top

The A8 motorway is becoming like the M25 in England

The Autoroute A8 between Antibes and Nice will become grid locked by 2020 and is France's busiest stretch of motorway. It is one of the most dangerous with 2.5 more accidents than the national average. The section that leaves the cost and heads north just before the airport is quite a black spot. A plan is under public discussion. It is called the contournement de Nice and the objective is to either create two tunnels between Nice est and Vaugrenier and a doubling of the A8 between Antibes and Biot or create two tunnels between Nice est and Breguières with one intersection and exit north east of Sophia Antipolis. The third option is to widen the A8 between Nice est and Nice Saint-isidore. It will take several years before studies and consents are agreed and construction work probably not starting till 2012. January 2006 Back to top

Now is the time to get your swimming pool in order

The 2003 law regarding swimming pools in France comes into force on January 1st 2006. This specifies that all private pools without exception should be equipped with a safety installation, designed in particular to protect children. Failure to observe the new rules could bring a fine of 45,000 euros. There appears to be no system of routine inspection in force, however if you try to rent out your property through an agency, you could well have difficulty if you have not applied for the new security measures. If there is an accident in your "unprotected" pool you could be in big trouble. In 2002-2004 there was an average off 22 deaths a year in France by drowning in pools. November 2005 Back to top

Cautious optimism for the French Riviera

As there is now increasing competition from the resorts in Eastern Europe and the growing influence of low cost airlines, the French Riviera is now struggling to maintain market share in the tourism industry. The strong Euro had not helped and Eastern Europe has more availability and is less expensive.

Tourism industry experts are a little more optimistic after the 2005 season. In Nice for example there was a 4 per cent increase in hotel guests in July compared to the same time in 2004 according to the Syndicat des hôteliers Nice Côte d'Azur. They indicated that the hotel occupancy in Nice was at around 70/75 per cent in 4 star and deluxe hotels and 80/85 per cent in other categories.

There are several factors contributing to the upward trend. There are now low cost routes into Nice from Bratislava and Budapest and the Euro is not quite as strong as it had been. The region has been using the Internet more for promoting travel packages with the annual events like jazz festivals and there has been a change in which hotels have adapted to the needs of their customer base.

The main visitors to the region are principally foreign tourists from Britain, Belgium and Germany and more Americans are returning to France. Nice Côte d'Azur airport has reported a 6 per cent increase in passenger traffic. There is also a booming cruise liner market with Monaco

and Cannes reporting a 55 percent cent rise in passengers. They still have a long way to go before they regain their previous dominance and the job now is to keep people interested.

New directives reveal that the future of regional tourism is believed to be concentrated on two main markets. Leisure - affiliated with events, special interest tours and cultural highlights. events. The other is Business tourism - Conferences. September 2005 Back to top

The information provided here on The Property News page is given in good faith and should not be relied on for accuracy

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