“With 16 multilingual team members, we cover both the shoreline from Théoule-sur-Mer to Cap d’Antibes, and the hinterland thanks to five experts on the property markets in Mougins, Grasse and Valbonne,” explains Sophie Romano, a specialist in prestige real estate and Manager of the Cannes agency for the past year. “For the first half of this year, the market in Cannes is continuing its 2024 performance : a cyclical market, characterized by demand outstripping supply. Prices, however, remain stable overall. One could call it a return to normal after the post-pandemic years marked by general euphoria and soaring prices.”
Cannes, the top end of the market
Radia Amar - 07 May 2025
Underpinned by steady demand, the real estate market remain especially lively in Cannes. This iconic town on the Côte d’Azur enjoys international renown thanks in particular to its famous Croisette and the prestige of the International Film Festival. It embodies a safe haven in the world of luxury.
Both a a prized seaside resort and a contemporary address, Cannes is an absolute must in the South of France. A leading player in the economy, the town plays host throughout the year to numerous international events dedicated to professionals and those attending congresses. Offering an idyllic lifestyle on the Mediterranean shore, Cannes and its neighbouring communes attract buyers looking for year-round residences and those wanting to invest in a holiday home or an asset of sound long-term value. In its agency in a prime location on the Croisette, Co^te d’Azur Sotheby’s International Realty proposes an exclusive selection of exceptional properties : villas, large estates, town houses, penthouses, and prestigious apartments, worth from 1 to 30 million euros, shared out all over the Cannes area and its surrounding hills.
Sotheby’s International Realty’s clientele is very much international with a high number of north American and Scandinavian buyers.
The most sought-after property ? “A prestigious house or apartment benefitting from high-spec appointments and a view of the sea, at a price generally between 3 and 4 million euros.”
Sophie Romano mentions a charming apartment with 4 main rooms, ideally located between the Old Town and the port. Elegantly pairing the charm of yesteryear with modern comfort, this property of 106 m2 enjoying panoramic views of the town and sea is on offer at 2,200,000 €. Another example : in the prized neighbourhood of Montfleury, a light and airy penthouse of 94 m2, renovated throughout in refined taste, benefits from a vast terrace offering an unspoilt view of the sea, the Este´rel hills and the Old Town of Le Suquet. With a cellar, garage and a secure outdoor parking place, this property is offered for sale at 1,390,000 €.
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