1. Film Festival History: While many recognize Cannes for the prestigious Cannes Film Festival, not everyone knows that the city has a rich cinematic history, having been a filming location for numerous classic films, including Alfred Hitchcock's "To Catch a Thief." 2. Historical Fortifications: The city is home to the historic Le Suquet district, which features remnants of its medieval fortifications. The old quarter offers stunning views of the city and the bay, providing a glimpse into Cannes' past as a strategic coastal defense point. 3. Cannes' Unique Climate: Cannes benefits from a microclimate that is distinct from other regions along the French Riviera. It enjoys over 300 days of sunshine a year and relatively mild winters, making it an attractive destination year-round for both residents and visitors.
The housing market in Cannes, located on the French Riviera, is characterized by high demand and limited supply, resulting in consistently high prices. As of 2025, the average price per square meter in Cannes is approximately €6,800, with prices reaching up to €10,000 in prime areas. The market has shown steady growth, with a 10% increase in prices over the past year and about 30% over five years. The city has around 8,326 active short-term rental listings, with an average daily rate of €132 and a median occupancy rate of 51%. A typical short-term rental property generates about €25,000 in annual revenue. Luxury properties in Cannes saw a price increase of at least 3% in 2024, with the average price per square meter reaching €6,119 by November 2024. While specific figures for total housing units and the ratio of renters to owners are not provided in the search results, it's clear that Cannes has a mix of both rental and owner-occupied properties. The city is known for its high-end real estate market, attracting both domestic and international buyers. Information about public, social, and cooperative housing in Cannes is limited in the provided search results. However, France does have a national "Louer abordable" scheme that provides tax incentives to landlords who offer affordable rentals, which may be applicable in Cannes.
The city of Cannes has implemented several initiatives to address housing affordability and sustainability: 1. Sustainable Innovative Destination Label: Cannes has been recognized for its efforts in sustainable development, including initiatives that impact housing: - Greening the city and developing agricultural areas - Decarbonizing public transport with electric and green hydrogen options - Installing a thalassothermal network on La Croisette to recover heat energy from the sea for buildings - Implementing a major photovoltaic plan for municipal building roofs 2. Affordable Housing Initiative: While specific targets for Cannes are not mentioned, the city likely benefits from the EU's Affordable Housing Initiative, which aims to create inclusive, energy-efficient, and sustainable spaces with affordability at their core. 3. Property Declaration Changes: Cannes, like other French cities, is subject to new property declaration requirements aimed at improving tax management and identifying secondary residences. This may indirectly impact housing affordability by ensuring proper taxation. 4. MIPIM Participation: Cannes hosts MIPIM, a major real estate event where initiatives like the City Prosperity Initiative are showcased. This suggests the city's engagement with innovative approaches to urban development and housing. While specific targets for affordable housing in Cannes are not provided in the search results, these initiatives demonstrate the city's commitment to sustainable and potentially more affordable housing solutions.