French Riviera luxury property prices crash

baie de villefranche sur mer 468x350 French Riviera luxury property prices crash

The Telegraph says there have been panic sales by owners desperate for cash. Riviera property sources said that one British owner settled for less than $60 million in January for a Cap Ferrat property whose original sale price was $200 million.

However, “There is still interest and offers are being made” said Alexander Kraft of Sotheby’s International Realty, quoted by The Telegraph.

 

Victoria Scott-RichardsFrench Riviera luxury property prices crash