Property: Cannes holds firm while the Croisette stays in a league of its own
The SeLoger barometer puts Cannes apartments at 6,064 euros per square metre, slightly down year on year, while some central streets top 11,000 euros.
Translated from the French original. Lire en français
The Cannes market is holding its ground. According to the SeLoger barometer, apartment prices stand at 6,064 euros per square metre in Cannes, down a moderate 1.1% year on year. A softer decline than in Nice, where prices fell 1.4% to 5,219 euros per square metre, while Antibes, Cagnes-sur-Mer and Grasse posted gains of 4.4% to 4.9%.
As elsewhere in France, the market remains held back by rising mortgage rates, back to around 3.65% over 20 years at the start of the 2026 school year, following the oil shock triggered by the Middle East conflict. Households' property purchasing power keeps deteriorating nationally, limiting buyers' ability to take advantage of relatively stable local prices.
In Nice, the 1.4% year-on-year decline is slightly steeper than the average of the major French cities tracked by the barometer, where prices fell 0.4%. Over five years the trend remains clearly positive: apartments there are up 14.2%. A sign of sustained demand, the average time to sell has shortened markedly year on year, to 73 days from 90 a year earlier: Nice properties are finding buyers faster than a year ago, despite falling prices. Nice is also not subject to rent controls, unlike Paris, Lyon or Bordeaux.
Gray Street, France's fourth most expensive street
These averages mask wide gaps between districts, and Cannes ranks high in the national ranking of the most expensive streets. Gray Street, between the Croisette and Rue d'Antibes, shows an average asking price of 11,977 euros per square metre, ahead of Boulevard de la Croisette at 11,458 euros. Boulevard Gazagnaire and Rue James Grant-Milne also exceed 10,000 euros, and some exceptional properties can reach 30,000 euros per square metre.
Asking prices, not completed sales
An important methodological note: these are average asking prices recorded on 1 April 2026, not the prices of completed sales. They reflect sellers' ambitions in a market where scarce supply and a wealthy international clientele, barely dependent on credit, push prices upward, notably for waterfront villas and apartments with open views. On 1 April 2026, the average price across all property types and districts stood at around 6,000 euros per square metre, slightly up year on year, a sign of a broadly stable market despite its peaks.