No property slow down in Cannes: Carlton Riviera sells out in one month (FR)

Launched to the market just one month ago, Carlton Riviera, a new development of residential units situated to the rear of the world famous hotel on Cannes’ Croisette, is now sold out. Carlton Riviera comprises 78 one and two bedroom residential apartments, with release prices from €450,000 representing circa €10,000/m². As a result of the dramatic take up, these prices have increased by approximately 40% on a €/m² basis. James Price, head of international residential development, Knight Frank, comments: “The phenomenal rate of sales shows that despite the general perception of a depressed market, property in the right location and at the right price will sell. We have been working alongside the French agency arm of Constructa and have both seen the hugely positive response to good product within core markets. There has been... [read full story]