The commune of Roquebrune-Cap-Martin is located in the Alpes-Maritimes region of southeast France. It is about halfway between Menton and Monaco. The regional dialect truly belongs to the Mentonasque, a linguistic region that straddles the dialects of Ligurian and Occitan.
Only a small portion of the 11,692 residents still talk in the indigenous Roccabruna dialect, while French usage in this region has expanded significantly since 1861. In the French Riviera region, Roquebrune-Cap-Martin has always been a popular region in terms of tourism.
Why It Is Worth Purchasing A property In Roquebrune-Cap-Martin
Here we have listed all the primary reasons that explain why it is best to acquire a property in Roquebrune-Cap-Martin in 2023.
Profitable Property Market
Over the past five years, the real estate market in the region has expanded significantly, with property rates rising for twenty successive quarters. In 2023, the median cost of a home in France, including Roquebrune-Cap-Martin, climbed by more than 5.9 percent.
Property sales in the country exceeded 1,130,000 in one year up to May 2023, marking the first time since 2000 that sales have surpassed this mark. The Covid-19 pandemic caused a sudden halt to nearly all home sales between in 2020. However, after the covid restriction was knocked off, there has been a substantial uptick in real estate purchases.
People Are Interested In Small Villages
Buyers are highly opting for properties in tiny towns in less expensive, rural locations away from the metro cities, according to a definite trend that has been noted in the housing statistics. It is a continuation of the trend that was initially noticed during the lockdown of 2020 when more and more individuals began working remotely and fled from locations with expensive homes.
The population of the entire region is 12,839 with a population density of 3,600/sq mi. The total area of Roquebrune-Cap-Martin is around 3.60 sq mi. It is one of the best places to live away from the busy city lifestyle. If you want to look at the currently listed properties for sale, make sure to check out the Hermitage Riviera website.
Pleasant Weather And Tourism
In southern France, the weather is reasonable and receives modest sunlight with friendly local people. Roquebrune-Cap-Martin has several scenic points and vast vineyards, making the region look beautiful. A frequently ignored investment contributes to the preservation of South France’s natural environment.
Roquebrune-Cap-Martin is home to a number of villages and towns, including St. Roman, Bon Voyage, Roquebrune, Serret, and Cap Martin peninsula. In addition, it features contemporary seaside towns and beach towns with great scenery. The entire region serves as a primary tourism field, especially from April to October, which is considered the best time to visit Roquebrune-Cap-Martin.
Strong Housing Market
The real estate industry is one of the most tightly regulated in the world, and thanks to the prevalence of fixed-rate mortgages, the southeast French real estate market has shown to be strong and steady with no significant downturns. The Roquebrune-Cap-Martin real estate market is a respectable choice for long-term investments.
Best For Retirement
Several people opt to live in the South of France, either permanently or temporarily, after retirement. Those who live in the expensive areas, north of France, and even foreigners are highly interested in Roquebrune-Cap-Martin and the entire French Riviera region due to the beaches, scenery, and attractive towns and villages that are flooded with popular art and culture exhibitions.
Increased Rental Yields
The prospects for investing in real estate are favorable as borrowing rates are low and rental earnings are big. Right now, saving is less advantageous than leasing due to the Euro Zone’s persistently low-interest rates. Property buyers typically look to long-term residential property rentals to create ROI when it comes to rental earnings.
Two distinct rental demands are present along France’s shore, particularly in the Southeast part of the country. For those who are seeking a new home or who simply want to enjoy some winter sun, there are long-term winter rentals. The regular rental term lasts six months on average, from October to May. There is the enormously lucrative sector for summer vacation rentals, which runs from June through September.
Even reasonable properties can provide rental profits between 7 percent and 10 percent when the double rental markets are blended. Weekly rentals in the summer will provide 75 percent of the income, and winter rentals will provide the remaining 25%. The rental earnings will be sufficient enough to complete the mortgage expenses.
There are a number of tax laws in the country that let you deduct your mortgage payments from any taxes owed on your rental earnings. It is also possible to subtract your own travel costs for private visits to the property in addition to amortizing the devaluation in the property value of the home against your income tax. As a result, in addition to receiving a fantastic return on your investment, you can also take unpaid vacations at the estate.
After a period of 15 years, you have two options: sell the home and receive a threefold return on your original investment, or retire to your home for nine months a year and receive a €24,000 yearly “pension” income.
Worldwide Expat Appeal
The South of France’s culture, great weather, delicious food, and convenient access to the rest of Europe grab the interest of ex-pats who have worked in the Middle East and are searching for a place for their retirement. Due to its close location to the airports, bustling villages, historic castles, and locally made food and beverage, Occitanie, which includes the Roquebrune-Cap-Martin, is a well-liked destination.
The infrastructure investment, regional climate, and population trends are some factors that make Roquebrune-Cap-Martin and the south of France a great place for property investments. As you can see, there are many benefits of buying a property in this region in 2023, which is why it is better to acquire a residence in the Roquebrune-Cap-Martin region.