California (district)

California is one of the residential districts most crested and easiest of Cannes. Located in the part Is of Cannes, near of the sea and perched in the heights, this district is strewn with buildings cossus, prestigious and luxurious villas and shelters high places of memory such as the Villa Fiesole, the residence of the Château of Thorenc, the Villa Fiorentina or even the Villa Saint-Priest. This real whole of high standing suspended on a hill, is melted within a framework of greenery and profits from a splendid panoramic sight on bay of Cannes and the islands of Lérins. One calls also this district, “the hill of the billionaires”.

History

Geographical location and description

Very top-of-the-range district par excellence, California calls all superlatives. This last offer a framework of a peace that nothing comes to disturb. It is located ideally between downtown area in the vicinity and green areas. One finds there buildings middle-class with single heights under ceiling, of splendid luxuriant parks in each property and of the villas which can exceed the imagination of the common run of people. All this unit is perched on a hill, natural balcony offering of the sights sea without similar and very often spectacular. The majority of these products of exception locates primarily street of the King-Albert, way of California and avenue of the Pharaons. Housing stock is made up for 70% of second home for the majority acquired by foreigners, in particular by the Anglo-Saxons who are fondest of delicacies of Riviera, but also of the Swedes, the Dutchmen, the Russians, the Italians, the Saoudis… Today, approximately 30% of the park are occupied full-time by French or foreigners working in France.

Grounds

The grounds in the district of California are very rare, also the real pressure is very strong. They are currently negotiated between 450 and 600 € the square meter. They is rare that a private individual can buy a ground. They are primarily the property developers who dispute the little of grounds put on sale. They can spend of colossal fortunes to acquire of it.

The real estate

The price of the residences

This district has some of the most beautiful residences of the Riviera. In 2007, at least, a residence costs: 3000000 € and can go up until: 10000000 €. But the prices can go up well beyond that. The exceptional properties can reach until: 25000000 € like the Tropical one or even: 15000000 € for Our-Lady-of-Fatty and 12.000.000 € for Beautiful Horizon. There exist even almost inaccessible properties like Bagatelle, avenue of the Pharaons, which represents the paroxysm of the luxury with services out of the commun run. Trifle, they is 5000 m2 distributed between three houses and 16.000 m2 of ground in the middle of California. It is advisable to indicate that Bagatelle was used as framework with the evening of launching of the Algerian chain of Khalifa on September 3rd, 2002. It was made famous thanks to the presence of famous personalities such as Gerard Depardieu, Melanie Griffith, Bono, Luc Besson or Naomi Campbell, come in the open air to assist with a concert Sting. The sale of Trifle was the record of transaction in the city.

The cost of the apartments

The most prestigious residences of Cannes are located for the pluspart which occurred of the King-Albert, and in his prolongation, avenue of California. According to the stage and the level of equipment and decoration of the apartment, the prices vary from 8000 with: 10000 € the square meter. One finds blocks of luxury apartments like the Residence Apollo, Champfleuri, Sémiramis, the Montjoli Castle, Hinata, the Pergola, King Albert…, all with sight sea and guarded. The price with the square meter is higher for California, Mariposa and the Terraces of California, the extremely luxurious buildings.

The cost of the hirings

The cost of the hirings is very variable according to the nature of the good, the situation in the hill, the level of equipment, the duration of hiring, the season, etc Aussi to make an exhaustive list of the rents is very complex. One can nevertheless give an order idea of the hirings at the time of the moments of strong frequentations in particular at the time of the Festivals or of the summer season. Also, with the momemt of the Festival of the Film (highest Costs of hiring), of MIPIM, MIPCOM, MIPTV, FIFA and MIDEM attract crowd in Cannes one three parts can rent themselves between 3800 € and exceed the 7000 € the week. For a villa of 250 m2 with sight sea, 6000 with more than 10.000 € the week. The summer, the tenants can pay the hiring of a villa: 23000 with: 30000 € the month one three parts 6000 to 9000 € per month.

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