Guaranteed Property Rental Scheme in France

As opposed to the Costa del Sol (Spain), rental income in the Cote d'Azur is not determined by purchase price and area, but by surface and area.

Please find below average rental figures in the overall region of the Cote d'Azur; these figures will of course increase or decrease in certain areas, but they're a good indication:

Long-term unfurnished rental:

These are typically 3-year contracts on a completely empty apartment (except for a sink in the kitchen and the bathroom suite). Average asking price: €14/m2 (e.g.: 50m2 x €14/m2 = €700/month)

If the property is offered with a garage then the price is increased to an average €80.

All charges (water, community fees, etc) are paid by the tenant, as well as the habitation tax, so the only charge to the owner is the "Taxe Fonciére", which is equivalent to "Property Tax" in the UK.

Long-term furnished rental:

These are typically 6 to 12-month contracts but they can go up to 3 years, depending on what the owner prefers.

Average asking price: €19/m2 (e.g.: 50m2 x €19/m2 = €950/month). Same rule applies with the garage.

Habitation tax and community fees are only paid by the tenant on 1-year rental, otherwise it is paid by the owner. Water and electricity paid by the tenant.

There is a tremendous shortage of long-term furnished properties in the whole of the Cote d' Azur and the demand is extremely high, so it's becoming very profitable for owners who wish to take this alternative, as the overhead costs are minimal.

Short-term Rentals:

The demand for short-term rental in the Cote d'Azur is ever growing, particularly for 1 and 2-bed apartments.

There is between 14 and 20 weeks high season per annum, depending on the area. The more recent/refurbished the apartment and the more appealing the furniture the better. Very often it would be the same people booking the same weeks each year.

Average asking price in high season: €18/m2 (e.g.: 50m2 x €18/m2 = €900/week).

All costs are paid by the owner: water, electricity, cleaning, property tax, habitation tax, etc

For more information about the Guaranteed Property Rental Scheme in France, please feel free to contact us