The best place in the world to invest according to “Luxury Real Estate Worldwide”

Five of the top 7 luxury real estate markets in the world are in France, and Cannes property sales come in at No 7 according to a joint study by Knight Frank and Citi Bank published on 6th July 2011. Here is the original article in L’Express – in French.

What it says quite clearly is that investment property in Cannes is some of the most sought after property in the world and a very safe investment in a world where we all know that, love it or hate it, “the rich get richer and the poor get poorer”. We know that Cannes and Saint Jean Cap Ferrat and other key enclaves on the French Riviera did not feel the effects of the recession as the rest of the world did. Because the wealthy are cushioned from many of the ill effects the markets quietened but hardly dipped. The same we know to be true of other destinations on the list below:

1. Monaco
2. London
3. Saint Jean Cap Ferrat
4. St Tropez
5. Paris
6. Courcheval
7. Cannes
8. Tokyo
9. Hong Kong
10. Singapore
11. Cyprus
12. Sardinia
13. Guernsey
14. Geneva
15. Aspen
16. Moscow
17. New York
18. Cortina (Italy)
19. Mosquito Island (Caribbean)
20. Meribel