Cannes

Cannes

Country

Population

73,603

Renting

3 Things...

1. Cannes Film Festival: While many know Cannes for its film festival, fewer realize that this prestigious event, established in 1946, was initially conceived as a response to the Venice Film Festival, which was perceived to be too fascist in its early years. 2. Historical Significance: Cannes was originally a small fishing village until the mid-19th century when it began to attract British aristocrats. The city’s growth was significantly influenced by Lord Brougham, who discovered Cannes while seeking a warm climate for his ill friend and subsequently built a villa there. 3. Cultural Events Beyond Film: Cannes hosts several other cultural events throughout the year, including the Cannes Lions International Festival of Creativity, which celebrates the best in global advertising and creative communications, drawing in a diverse crowd from various industries beyond film.

Events

Housing Matters! by MIPIM x Co-Liv

Unlisted Orgs

Population (AI)

74900

Enrich by AI!

Last edited

Sep 30, 2024 6:49 PM

Category

Local programs

Housing Market

The housing market in Cannes, a prestigious location on the French Riviera, is characterized by high demand and limited supply, exacerbating affordability issues. The city is predominantly a luxury real estate market, attracting affluent buyers and investors. However, this has led to a housing crisis where fewer new homes are being built, and rental prices are rising, making it difficult for low-income residents to find affordable housing. In Cannes, the majority of residents rent their apartments rather than own them, reflecting the broader European trend where renting is becoming more common, especially among younger populations. The city faces significant challenges in providing affordable housing, with high utility costs and maintenance expenses further burdening low-income households. To address these issues, Cannes and the broader French government have implemented various measures. These include rent subsidies and ownership support, though these measures can sometimes create inequalities and drive up housing costs. Additionally, there are efforts to renovate existing properties to make them more affordable and energy-efficient, and to capitalize on short-term rental opportunities during major events like the Cannes Film Festival. Despite these efforts, the housing crisis remains a pressing issue, necessitating continued innovative solutions to ensure sustainable and affordable housing for all residents.

Further Actors?

Cooperatives

Housing cooperatives in Cannes, France, play a significant role in providing affordable and sustainable housing. These cooperatives are part of the broader European cooperative housing movement, which emphasizes community-driven, democratic governance, and social equality. In Cannes, housing cooperatives offer residents a stable and affordable living environment, often with lower rents compared to market rates. While specific data on the market share of housing cooperatives in Cannes is not provided, the French Federation of Housing Cooperatives, Habicoop, has been active in promoting cooperative housing across France since its establishment in 2015. New housing cooperatives have emerged in recent years, contributing to the growth of this sector. The city of Cannes supports cooperative housing through various initiatives. For instance, the Housing Agency of Ireland has compiled case studies that highlight the effectiveness of cooperative housing models in addressing urban housing challenges, which could serve as a guide for Cannes. Additionally, the city may benefit from broader European initiatives, such as those promoted by Housing Europe, which advocate for the recognition of cooperatives as key partners in socially inclusive and sustainable housing policies.