The luxury oceanfront property market is characterised by structurally limited supply and sustained international demand. The BARNES Top 5 Seaside 2024 is once again dominated by St Barts, ahead of the Hamptons and the French Riviera.
1. St. Barts, French West Indies
Saint Barthelemy, one of the most sought-after islands in the French West Indies, is the ultimate idyllic luxury location. Its attractive climate, picturesque landscapes and gastronomic offering attract the most exclusive clientele. The island's colours and light blend seamlessly with a Caribbean take on an authentically French art de vivre. A winning formula that explains the continued rise in property prices in 2023.
2. The Hamptons, New York, USA
The Hamptons form the northeastern tip of Long Island, in the State of New York. This former fishing area with its preserved wild splendour has been the summer retreat for the wealthiest New Yorkers since the 1970s. The long wild beaches, the subtle mix of relaxation and elegance, the proximity to the Big Apple and the numerous summer events attract growing numbers of UHNWI families.
3. French Riviera, France
The French Riviera is one of the most iconic seaside destinations in the world. From Saint-Tropez to Cannes via Nice and the Golden Triangle (Saint-Jean-Cap-Ferrat, Beaulieu, Villefranche), it offers an incomparable range of experiences. Prices have stabilised after years of rises, a sign of remarkable maturity and resilience.
4. Southern Corsica, France
Southern Corsica is one of the most unspoilt seaside destinations in the Mediterranean. Porto-Vecchio and Bonifacio remain the most sought-after areas, combining white sandy beaches, crystal-clear waters and maquis landscapes. A four-season destination that attracts international clients in search of authenticity and preserved nature.
5. Mauritius
Mauritius, located in the Indian Ocean, has established itself as a destination of choice for luxury real estate thanks to its foreign property ownership programme, attractive tax system, exceptional natural setting and quality infrastructure. Its political and economic stability makes it a safe bet for international investors.