The construction of new property in Cannes is being firmly restricted by the French Government so to avoid over-supply in the local property market. Consequently, the property prices in the area have risen dramatically in recent years, yet there is continuously a strong demand for property in Cannes.

Year-round festivals, such as the world-renowned International Film Festival helps to attract up to 1.5 million visitors and this in turn attracts both tourists and corporate visitors. Because of these year-round rental possibilities, prices in Cannes have risen significantly over the last couple of years. The cost of a two-bed property for example rose 23% in 2004 compared to 12.1% in 2002, according to FNAIM - a body that regulates, insures and advises French real estate agents.