French Riviera sales boost as prices stabilise in €1m-plus market

The French Riviera and Monaco property market has received a boost after new figures revealed an increase in sales and a stabilisation in prices.

Data from Research’s “Luxury Property Index” shows that property sales were up 3.49% in 2011 as the number of houses available at over €1 million dropped by 9% since June.

The average price of a property on the French Riviera for €1 million-plus houses in August was €2,090,408, a fraction above July’s €2,086,415 but over a quarter of a million euros below February’s €2,346,370 figure.