Why Cannes offers better rental opportunities
- First, in Cannes, unlike Nice or Paris, there are no super taxes in the second houses, and this explains why 48% of the properties in Cannes are second houses compared to 13% in Nice. The SuperTax is a 60% increase in the standard property tax (Taxe Foncière).
- Second, due to the exceptionally active convention center in Cannes, the Palais festivals of If the floor is a central location .
How do purchase prices compare?
Cannes is considered more luxurious and exhaustive than pleasant, however, if you venture just a few hundred meters from the sea sea, prices are quite reasonable, at 4000-5000 EUR/m2 instead of 15000 EUR/m2 in the prestigious croisette.
In pleasant, near the old port or near the central square of the Massena and Carré d’Or place, prices can be as high as the croisette, while in the other foreign buyers of the district, such as Cimiez, Mont Boron or Mot, the West, also 4000-5000.
Other key differences between Nice and Cannes
But the choice depends finally depends on the buyer and if you prefer the largest city of Nice and live with its new tram and easy access to the airport, then it makes sense to buy in Nice.
If you prefer a quieter and more safe atmosphere with sand beaches, you are likely to be your city.
Both cities offer you all the charm and great lifestyle of the French Riviera with its 300 days of sunny a year!
The return of vacation rentals
You can get up to 4-5% net return of your investment if you choose the correct rental property. The fixed tax on property rentals is 30% in France, but there are other options available that depend on their personal tax situation.
Smartfinder Home will be happy to advise him and help him find the best rental properties that meet their requirements.
