The city of Cannes is famous for its Film Festival, its sandy beaches and its famous Croisette. Every year, it attracts thousands of tourists who come to enjoy its exceptional climate and prestigious setting.
In response to this growing demand, the vacation rental sector is booming in the region.
A favorable context for the seasonal rental market
A number of factors are helping to boost the seasonal rental market in Cannes. In addition to tourists looking to spend their vacations on the Côte d’Azur, the city also hosts major international events throughout the year, such as MIPIM, MIPTV and the Lions International Festival of Creativity.
These events attract professionals from all over the world, who are often looking for practical, comfortable accommodation for their stay. What’s more, with hotels often fully booked or unaffordable during these events, vacation rentals represent an interesting alternative for accommodation.
A diversified offering to meet every need
Given the high demand and diversity of visitor profiles, the Cannes vacation rental market offers a wide range of accommodations to suit different needs and budgets. From city-center apartments to luxury villas with swimming pools and sea views, there’s something to suit every taste.
Apartments: the preferred choice for holidaymakers
Apartments make up a significant proportion of the seasonal rental offer in Cannes. They are particularly attractive to families and groups of friends who want a modular, functional space for their stay. What’s more, most apartments are located in the city center or close to the beach, making it easy to get around.
Villas: for a top-of-the-range stay
For those looking for a sumptuous setting and top-of-the-range amenities, vacation rental villas in Cannes are the ideal option. Featuring large outdoor spaces, a swimming pool and sometimes even a breathtaking sea view, these properties offer all the advantages of a prestigious vacation home.
Attractive prices for owners and tenants alike
The seasonal rental market in Cannes also offers financial advantages for both owners and tenants. For owners, renting out their property during the summer months or for special events can generate attractive additional income. Rates are often higher than for year-round rentals, which compensates for the absence of tenants for part of the year.
For renters, vacation rentals are often a more economical solution than hotels, especially if you’re traveling with a group or family. What’s more, they generally offer more services and facilities (fully-equipped kitchen, outdoor space, etc.) for a price similar to or even lower than that of a hotel room.
Specific regulations to be respected
When it comes to seasonal rentals, it’s important to emphasize that French legislation governs this activity to guarantee the quality of service offered to tenants and to prevent abuse. Owners wishing to rent out their property on a seasonal basis must draw up a furnished tourist rental contract, and ensure that their property meets the standards of decency and safety required by law.
Seasonal rental taxation: a major issue for property owners
Income from seasonal rentals is subject to income tax in the industrial and commercial profits (BIC) category. There are several possible tax regimes, depending on the amount of annual income and the owner’s personal situation. So it’s crucial to find out about the tax and social obligations associated with this activity before you start.
The role of real estate agencies in the development of the seasonal rental market
Faced with a fast-growing sector, real estate agencies have adapted to offer seasonal rental services in Cannes. They play a key role in developing and promoting this type of accommodation to tourists and professionals alike.
In addition to managing contracts and reservations, agencies can also provide complementary services such as cleaning, linen and concierge services. By taking complete charge of the rental process, they make things easier for landlords and ensure an optimal experience for tenants.
Digitalization: an asset for visibility and competitiveness
Today, an online presence is a must for anyone wishing to rent out their seasonal accommodation in Cannes. Online booking platforms such as Airbnb and Booking.com have made a major contribution to the development of the market, enabling you to quickly reach a wide audience. However, it’s important not to overlook the role of real estate agencies, whose expertise and local knowledge provide real added value for both owners and tenants.
