With the Cannes Film Festival and the Monaco F1 Grand Prix, the French Riviera and Monaco is at its absolute busiest. These events draw the rich and famous to the region, and, with them, the desire to buy a holiday home. This marks the start of the high-season for luxury property sales. The increased demand for event and seasonal property rentals sees the return of the buy-to-let property investors, pushing the sales figures up by 2.45% since April.

A few other highlights:

• The average price for a luxury property is up by 0.11% since April and is widely expected to continue to grow over the summer.
• Property sales in Monaco are up by 2.45% since April.
• Monaco's 177 properties for sale has collected value of over €1.7 billion, with an average price of €9.7 million.

Click here to read the official press release from EstateNetFrance.com Research.