New data has indicated that prices for French Riviera property have fallen, something that may offer investors new opportunities to buy.

Data from the French estate agent’s association, FNAIM’s, latest housing market report has revealed that apartment prices in Toulon fell by 19.3 per cent in the past year, while in Cannes they dipped by 13.7 per cent, Homes Overseas reports.

Such prices could provide many French Riviera property bargains to investors.

Some of those making properties available for sale in the region are Britons looking to offload their second homes, the Guardian reported last week.

Local branch chairman of FNAIM Jerome Renaud said of such UK owners: "Many of them tell me they want to sell their second homes to secure their main homes in the UK."

The paper noted that two years ago Britons represented three per cent of the Riviera’s market for villas and eight per cent for apartments.

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