French Riviera 'remains solid'

The French Riviera remains a "solid" area for property even in the credit crunch, it has been reported.

In a feature on the region marking the start of the Cannes film festival, the Times noted that estate agency Winkworth has just opened a new office between Cap d'Antibes and Juan-les-Pins.

Stuart Baldock of agency Propery Vision told the paper that Cannes itself is a "fading pearl" of the region, but the news provider commented that it is one where those who invest can rely on rental income from its various festivals and conventions.

The Times also stated that investors looking for lifestyle purchases look to places like Nice, Saint-Paul de Vence and La Colle-sur-Loup.

One part of the south of France that may enjoy enhanced property prospects over the next few years is the greater Marseille-Provence area.

It was revealed yesterday that it will share the title of European Capital of Culture in 2013, something that may raise its profile and attract new investment.

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