Michaël Zingraf Real Estate : Top Notch real Estate

Pointing to resilience displayed by the top end of the market and prudence on the part of traditional investors, Jean-Claude Annaert, Director General of the Zingraf Group, gives a lucid up-date on the property market from Saint-Tropez to Saint-Jean-Cap-Ferrat.

The war in Ukraine, tensions in the Middle East, policies adopted by the USA, continuing strains in French politics... The real estate market cannot escape from a certain amount of restraint. Even so, at the top end of the market, this situation does not seem to be having a major effect, as evidenced by activity pursued by Michaël Zingraf Real Estate, which has 12 agencies on the Côte d’Azur with 75 team members between Saint-Tropez and Saint-Jean-Cap-Ferrat. “In this sector, emotions still dictate the rules,” says Jean-Claude Annaert. With most market sectors feeling some kind of tension, the most high-profile transactions are still being completed. Recent signatures include a villa in Gassin in the Gulf of Saint-Tropez priced at 11.5 M €, a 10.2 M € property in the prestigious neighbourhood of La Californie in Cannes, and a unique estate in Mougins, under offer for 15.4 million euros.

Jean-Claude Annaert, Director General of the Michaël Zingraf Real Estate Group, with 12 agencies between St-Tropez and St-Jean-Cap-Ferrat.

Jean-Claude Annaert, Director General of the Michaël Zingraf Real Estate Group, with 12 agencies between St-Tropez and St-Jean-Cap-Ferrat.

On the famous boulevard in Cannes, Le 33 Croisette plays host to 18 apartments, two split-level penthouses, and luxury boutiques.

On the famous boulevard in Cannes, Le 33 Croisette plays host to 18 apartments, two split-level penthouses, and luxury boutiques.

On the hills of Villefranche- sur-Mer, this 5-bedroomed villa, designed by an architect and renovated throughout, enjoys an unimpeded view of the Bay of Villefranche and Cap Ferrat.

On the hills of Villefranche- sur-Mer, this 5-bedroomed villa, designed by an architect and renovated throughout, enjoys an unimpeded view of the Bay of Villefranche and Cap Ferrat.

On the hills of Villefranche- sur-Mer, this 5-bedroomed villa, designed by an architect and renovated throughout, enjoys an unimpeded view of the Bay of Villefranche and Cap Ferrat.

On the hills of Villefranche- sur-Mer, this 5-bedroomed villa, designed by an architect and renovated throughout, enjoys an unimpeded view of the Bay of Villefranche and Cap Ferrat.

On the hills of Villefranche- sur-Mer, this 5-bedroomed villa, designed by an architect and renovated throughout, enjoys an unimpeded view of the Bay of Villefranche and Cap Ferrat.

On the hills of Villefranche- sur-Mer, this 5-bedroomed villa, designed by an architect and renovated throughout, enjoys an unimpeded view of the Bay of Villefranche and Cap Ferrat.

On the famous boulevard in Cannes, Le 33 Croisette plays host to 18 apartments, two split-level penthouses, and luxury boutiques.

On the famous boulevard in Cannes, Le 33 Croisette plays host to 18 apartments, two split-level penthouses, and luxury boutiques.

In the sector ranging from 1.5 to 3.5 M €, prudence holds sway. More dependent on financing solutions, buyers are making multiple visits and prolonging their reflections. As for sellers – mostly without any real need to sell -, they remain firm on their prices. “They will not sell unless they obtain the price they want. There is no real correction taking place in this market,” says Jean-Claude Annaert. In the segment between 4.5 and 8 M €, another problem crops up : marked scarcity of properties of quality. In this sector, French and foreign clients maintain fair shares of the market. Buyer profiles display deeper sensitivity to long-term asset value, along with a high level of demands. They buy less for opportunistic reasons than a long-term vision.

In 2024, 90 % of transactions recorded concerned second residences, with a majority of international buyers (62 %). “At the start of this year, the market has bounced back, more slowly, but with seriousness,” says Jean-Claude Annaert, convinced that excellent service, mastery of the codes of luxury, and a precise reading of the market remain the keys to enduring performance.