Property News

Russian Real Estate Buyers On French Riviera

Russian Real Estate Buyers On French Riviera
The French Riviera has always attracted wealthy property investors and is still popular with Russians. They come to the French Riviera because of its beauty and the fact that there are a lot of high priced properties in a small region.

Cap Ferrat on the French Riviera was the epicentre of the economic boom. Villas on this small pine-covered peninsula near Nice were selling for more than ?100 million in 2007; even the most ordinary-looking properties were snapped up by Russian oligarchs for eye-watering sums. But the Cap has been favoured by European royalty and aristocracy since the early 20th century, when King Leopold II of Belgium owned an estate there.