A Tale of Two "Rivieras" - Second Home Owners are Flocking to France and the USA

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International investors are increasingly buying property in both the Cote d'Azur (French Riviera) and Santa Barbara county (Riviera of the USA). Trevor Leggett comments on why this is the case and what their money will buy.

The two areas share the same sunshine, glorious beaches, trendy boutiques and opportunity to watch the stars go by.

The coastline alongside Santa Barbara, California is unique in the USA as it stretches from west to east - it is also known as "The American Riviera" due to its many similarities with the Cote d'Azur in France.

Property in both areas is seen as "prime" and attracts investors from all around the world who are looking for both a safe home for their money and a beautiful place to live.

Trevor Leggett is uniquely placed to comment on both "Rivera's" as his Leggett Immobilier have been selling houses on the Cote d'Azur since 1998 while Leggett USA opened their doors this year and are marketing some of the finest houses in Santa Barbara.

"Our team on the Cote d'Azur are well established now and tell me that there is an increased interest from international buyers, particularly from Asia, who - according to the recent "Wealth Report" issued by Knight Frank - now place lifestyle at the very top of their investment criteria.

The Wall Street Journal also recently reported that the south of France saw the highest percentage of luxury second home buyers in the world last year, this comes as no surprise.

Similarly the US Riviera, as it is known, has seen a large growth in international buyers - it shares the same glorious sunshine, beautiful beaches and dramatic coastline as the Cote d'Azur and it's just as easy to go celebrity spotting in the boutiques, bars and restaurants.

To give you an idea of what your euro or US dollar will buy you we have highlighted two properties from within each portfolio:

The first is a villa with outstanding views over the Meditteranean. It has five bedrooms, three bathrooms and slightly over one acre of gardens - the asking price is €1,550,000 (around £1,325,000).

The second is another house with outstanding views, this time of the Pacific. On the market for $2,350,000 (around £1,545,000) is has four bedrooms, two bathrooms, half an acre of mature garden and a private terrace with sea views.

We're convinced that both destinations will continue to prove popular in 2013 and that whichever Riviera you choose you will be buying into an area that offers the very best in prime property".

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Joanna Leggett
LEGGETT IMMOBILIER
+33 (0)6 50 13 53 08
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Graham Downie
Leggett USA
0033 545 32 46 41
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