Picturesque Saint Paul de Vence has attracted Hollywood stars such as Roger Moore, Peter Sellers and Rex Harrison
but the decline is mostly at the bottom end. Once you have a property in good condition with a pretty garden, nice views, facing the right way and with no nuisance factors, prices are stable.' And, he adds, ` the truly exceptional properties, such as those situ- ated on the waterfront, are still going up.'
Mr Weiser sees an evolution in expecta- tions due to more realistic prices and
increased selection. `A property worth €3 million is no longer priced at €4.4 million, and negotiated down,' he says. Increased supply may be due to British owners, who, having bought when sterling was strong,
FOR SALE
€4.5m
Biot
La Chèvre d' Or at Biot has a world- renowned historic garden that is open to the public Carl-
ton International (00 33 4 9395 1111;
www.carlton-
international.com)
www.countrylife.co.uk/international
` are making up to 30% on the currency exchange (even on the smaller margins in Euros), when they sell and go back to the UK to buy there' .
Cap Ferrat, Cap d' Antibes and Cap Martin
` The jewels in the South of France crown are Cap Ferrat, Cap d' Antibes and Saint- Tropez,' says Stuart Baldock of Property Vision in Nice, who advises buyers. ` Its market is distinguished by the fact that asking prices bear no resemblance to what a property is worth. We regularly see things on at twice the proper value. Prices were accelerated by Eastern European buyers who came in the late 1990s and carried on through to 2006 and 2007 in a sort of frenzy. They weren' t concerned with value, but with putting their sums somewhere they thought of as safe.'
Country Life International, Summer 2010 47
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