Square meter on the French Riviera is setting a new price record

Square meter on the French Riviera is setting a new price record

€216,500 is a new figure, which will now be used by specialists, describing the "ceiling" price per square meter on the French Riviera. €130 million is the cost of a mysterious villa in Saint-Jean-Cap-Ferrat, which became the object of this transaction. It all happened in an atmosphere of secrecy - known only area of ​​the house - 600 m2, the total area is still unknown.

Thus, the French Riviera supported its status of the most expensive luxury real estate center:  here are situated three of the most expensive real estate objects in the world.

Palm still holds the Villa Leopold in Villefranche-sur-Mer, which wasn't purchased for €390 million by Russian billionaire Mikhail Prokhorov, so he had to pay a penalty of €39 million.

Penthouse Odeon Tower in Monaco for €300 million is on the second place, and closes the "Top three" villa in Theoule-sur-Mer, for €100 million. Or better say, closed, because now the third place unconditionally belongs to a villa in Saint-Jean-Cap-Ferrat.

For information: for €216,500 you can buy a nice little apartment of 30 m2 in the "Golden Square", within walking distance from the beach and the famous Promenade des Anglais. 

According to the materials of the annual report Christie's International Real Estate