Luxury real estate in 2024: stability driven by the French Riviera

Despite a challenging geopolitical and economic context, Sotheby’s International Realty France-Monaco has achieved stable results in 2024. With an average price of €1.8 million and sales exceeding €1.4 billion, luxury real estate remains a safe haven. This strong performance was particularly evident on the French Riviera, one of the most coveted markets for exceptional properties.

The French Riviera: An Unmatched Benchmark

With spectacular sales in 2024, the French Riviera continues to attract an upscale international clientele, notably American buyers, bolstered by a strong dollar. Some landmark transactions highlight this appeal:

- €30m for a contemporary seaside home east of Monaco.

- €25m for the prestigious Château Lérins in Mougins, a historic property.

- €15m for the Belle-Époque villa “La Favorite” in Cannes.

These record-breaking transactions reflect the demand for unique residences with high-end features, driven by affluent buyers and an evolving market favoring purchasers.

Promising Prospects for 2025

The return of foreign buyers, lower interest rates, and price adjustments suggest a favorable outlook for 2025. Americans, followed by Europeans and Middle Eastern buyers, are investing in coastal properties, alpine homes, and historical estates across France.

To learn more about the market analysis, 2025 trends, and expert insights, read the full MySweetImmo article on luxury real estate in 2024: Read the article.