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The French Riviera is one of the areas being increasingly targeted by those seeking holiday homes, a property expert has stated.
Georgina Richards of property firm Knight Frank told the Independent that the market is increasingly shifting from buy-to-let to holiday homes, in which people want to find bargains in established and popular locations, including the south of France.
She stated: "[Buyers] want established, mature areas with easy access and stability. Right now there are good properties at good prices and people with cash are in the best position."
Andrew Hawkins of international estate agency Chesterton told the paper that there is a "trend" for people to move their money into "tangible assets" such as property.
The French Riviera property scene may be set to perform well this year, as a new poll has shown that France continues to be a popular investment location.
Jet-to-Let Magazine’s 2009 survey revealed that the country remains the second most attractive country in which to invest in property.
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