This May film stars and their entourages, plus thousands of people that work in the film industry, will once again be flooding into Cannes to attend the world-famous Cannes Film Festival. Whilst the film stars will be anxiously waiting for affirmation of their latest work, anyone that owns and rents out a property in Cannes will already know they are a winner. Needless to say it’s a very profitable month for those that rent their properties and it makes Cannes a lucrative destination to own a home.

This May, Cannes will once again be flooded with movie stars and their entourages, along with thousands of film industry insiders, for the annual Cannes Film Festival. While Hollywood's A-listers wait anxiously for the results of the Cannes Film Festival, anyone who has ever rented out a property in the city knows it's a winner. Naturally, this is a great month for landlords, and it also increases Cannes's attractiveness as a place to buy real estate.

Su Li, a Consultant with the home buying agent Home Hunts says: “The rental market is very strong in Cannes and you have many able and willing to pay the high rents both during the Film Festival and throughout the summer. I have a client who is renting out their 5 bedroom house for €120,000 per month over the summer and typically other home owners, can earn 10% of the property value in rent in Cannes, so a €1 million apartment will give you €100,000 in rental income per year.”

Although the Film Festival is a highlight, the city of Cannes is bustling with activity year-round. Over the course of 310 days in 2022, the Palais de Congress played host to 140 separate events. All of these factors contribute to a year-round rental market, allowing homeowners the flexibility to rent out their properties for extended periods of time. For the second year in a row, Cannes has been named "Europe's Top Festival and Event Destination" by the World Tourism Awards.

Both the Carlton and the Grand Hotel, two of the most famous hotels in Cannes and frequented by many of the visiting film stars, have recently reopened following extensive renovations in preparation for the 2023 festival.

After being closed for two years and undergoing renovations for five, the historic Carlton Hotel reopened in March. Its reopening is a significant milestone in Cannes' recovery from the epidemic, as its iconic Belle Epoque facade has served as the unofficial heart of the Croisette for decades. In March, after extensive renovations, the formerly known Le Grand Hotel at 45 Croisette reopened as The Mondrian Cannes.

Following an investment of 1.3 million euros, the city of Cannes is also undergoing renovations. The Croisette will be renovated extensively so that it becomes a pedestrian paradise along the beach.

Tim Swannie, Director of luxury buying agency Home Hunts says:
“Cannes is a small town with a huge reputation. As well as the famous Cannes film festival and boat shows, the town has a thriving congress market throughout the year. It has two yacht-filled harbours, dazzling designer boutiques, top-notch restaurants, glamorous bars and miles upon miles of fine golden beaches.
Cannes is a firm favourite with our clients, it is a town that is bustling all year round, but it’s small enough to feel very welcoming and many of our clients really feel at home quickly in Cannes, some saying it feels more like a large village.
Whether you are looking for a central apartment, a villa in the hills or a private waterfront estate, the Cannes area offers it all. And because of the size of Cannes and the huge international demand, property prices tend to increase year on year. Prices have increased around 5% each year for the past 3-4 years and even in difficult times such as back in 2008-2009, prices remained stable.
It is easy to access from by car, train, plane, boat or even helicopter. Cannes has its own private airport and is less than 30 minutes from Nice airport so it’s a very attractive destination for wealthy property buyers who usually like to live in the hills above the town. In areas such as La Californie or Super Cannes, you can find some of the most spectacular properties on the whole Riviera, most of them offering the most incredible views out to sea.
During the pandemic, we found there was a lot of interest from Parisians and clients from other large cities around the world (such as London, Berlin, Amsterdam and so on) who were looking for properties with space, in easy-to-get-to destinations where they could base themselves.
There is also a great choice of apartments and townhouses closer to the town centre which are popular with clients who wish to make a rental income. Because Cannes has this huge congress market, as well as millions of tourists each year, you can attain a very interesting rental return, particularly on central properties.”

With 300 days of sunlight annually and mild winters, Cannes is a desirable destination throughout the year. There are a wide variety of water sports that may be enjoyed along its 7.5 kilometres of golden sand. Millions of euros have been spent by the government to ensure that residents of Cannes have access to amenities including public restrooms, showers, trash cans, and sun loungers.

2 BEDROOM APARTMENT

Priced at: EUR €1,650,000

Apartment in the heart of Cannes, adjacent to the renowned Boulevard de la Croisette and the Palais des Festivals, that has recently undergone a stunning renovation. This magnificent, well-lit apartment has a living area of 80.04 m2, and it is located on the top floor of a posh building with a lift. For a complete understanding, the flat must be viewed. Being in such a convenient position puts everything at your fingertips, yet because you are on a high floor with a beautiful view of the roofs and the ocean, you are protected from noise and interruptions. Two roomy bedrooms, two shower facilities, a large open-concept living/dining area, a modern kitchen with gorgeous parquet floors and access to a nice-sized patio with views of the sea. The building also has a very useful, private cellar storage area. Additionally, the apartment benefits from having a nearby underground parking space (around 70 metres away).

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Villa/House For Sale in Cannes

Priced at: EUR €2,250,000

This late 19th-century Belle Epoque property with charm is well situated between Golfe-Juan and Cannes and gives a stunning view of the Mediterranean and the Cap d'Antibes. The villa, which is spread out over three levels, provides 200 m2 of living space with wonderful sea views. Its features include double-glazed leaded windows, flagstone floors, and a charming open fireplace. Thanks to the sympathetic decor that has preserved all of the building's original features, you can really feel the history of the structure.

Upon entering the home, you are welcomed by a large open living room, a formal dining room, a fitted country style kitchen, and a convenient guest bathroom. A lovely pergola outside provides summertime shade next to the pool.

A bedroom, bathroom, dressing room, and office are located one floor up. The top floor features two additional bedrooms, a second bathroom, and a separate toilet. The grounds have a lockable double garage and are partially covered with wonderful green lawns near the pool area and terrace. Enjoy the sunshine while swimming in the spacious pool with Romanesque stairs and dining outside owing to the summer kitchen and a flexible 2-story outbuilding.

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3 BEDROOM APARTMENT

Priced at: EUR €5,300,000

Located on the penultimate floor of a luxury residence on the Croisette, this spacious flat has a large terrace with a breathtaking panoramic sea view.

The sea view extends from Port Canto to the Esterel massif.