A Property in PACA, Why Not!
The famous French region of PACA (Provence-Alpes-Cote d’Azur) includes the Alps and the French Riviera, which is the most consistently sunny area in France due to its favourable location in the south of the country. It is characterized by exceptional sunshine of an average of 300 days a year.
The PACA region benefits from a wide variety of landscapes due to its topographic contrasts, from the Mediterranean Sea to the Alps. It thus offers various ways to spend a holiday; some sunbathe on the beaches of Antibes or Saint-Tropez, and enjoy the busy nightlife by the sea, whereas others prefer to discover the hinterland, the preserved natural areas, forests with aromatic scents, or the perched villages. In winter, skiers can enjoy the ski resorts in the Hautes-Alpes department such as Saint-Chaffrey or Serre-Chevalier.
Each year, the region hosts several million holiday makers attracted by its mythical places as well as its renowned ski resorts in winter. It is also a favoured destination for retirement. Thus, due to the high property demand and offer in PACA, the real estate market is dynamic in this region with a wide price bracket, from €100,000 apartments to villas costing millions of euros. With a budget from around €100,000 you can afford a charming studio or one bedroom apartment in Antibes, or near Fayence in a residence with swimming pool and spa (ref 41758). If you are looking for an uncommon apartment, this spacious and quality property in a palace in Menton can be yours for a €924,000. Sextant properties also offers this stunning villa with views over the sea for €2,625,000.
In case you plan to occupy your property no more than a few weeks a year, it is easy to lease it in PACA thanks to the high level of holiday accommodation demand. Moreover, some properties can be purchased in the framework of a leaseback contract which provides advantages such as a low risk investment, a maintenance carried out by the management company, and even a VAT deduction! It is a very common system in PACA, for the properties by the sea as well as those in mountains in the ski resorts. Indeed, it does not require any effort from you to let your property as it is taken in charge by a management company, all of this with a price which does not differ so much from a traditional contract. For €124,200 you can buy a 1 bedroom apartment in Saint-Chaffrey in a residence with pool and close to the ski slopes.