Fantastic mountain properties at exceptional value!


Good news for mountain lovers. “Over the last few years prices of chalets and apartments in the Alps have been steady and some have saw a significant increase” noticed Jim, real estate agent in Sextant French Properties (London).

It is difficult to identify how this will evolve in the future, “as prices vary according to numerous parameters such as the resort, the type of home, the location and even the altitude!” added Charlotte from Sextant Properties.

There can be a huge gap in prices between the resorts. The most expensive location in the French Alps remains Courchevel with an average price of 9,735 euro per square metre as of December 2011, which equates to  an 11% increase compared to one year earlier. However, it is worth pointing out that in Courchevel it is not unknown for it to reach 25,000 euros per square metre! After Courchevel the next most expensive resorts are Val d’Isère, Méribel and Megève.

However, on the opposite side of the spectrum, the Emile Allais resort saw a large price correction between 2010 and 2011. According to ubiquitous notaires, this is due to a higher number of sales of smaller properties such as studio apartments for instance, as they tend to be cheaper per the square metre.

Likewise, it is also possible to find cut price homes just by being flexible in terms of your requirements. By not being too precise about the altitude, it is possible to find real bargains. It is the same for the property’s condition; the prices tend to be lower when its condition is not quite habitable or in need of heavy renovation work. Moreover, the studio apartments -which are often overlooked by buyers-, are generally a profitable investment. Indeed, “the studio apartments are rented quite easily as holidaymakers prefer to stay in these” said Charlotte from Sextant Properties. Besides, certain town councils are searching to redevelop their housing stock by attracting tourism residences and encouraging the owners to redevelop their property. Tignes has been one of the most active resorts in this way.

In any case, the whole market still remains mixed in terms of prices. According to the resorts, the prices are affordable to very different budgets. Compared to Courchevel where the price have soared under the pressure of the international buyers, you can find a studio apartment from about €55,000 in the heart of the resorts of Les Arcs or Tignes.

Price per sqm of resale apartments at the end of December 2011 in ski resorts from Savoie and Haute Savoie (source Le Figaro):

  • Courchevel €9,735
  • Val d’Isere €9,103
  • Meribel €8,011
  • Megeve €6,094
  • Chamonix – Mont Blanc €5,287
  • La Clusaz €5,189
  • Tignes €4,614
  • Morzine €4,560
  • Le Grand Bornand €4,426
  • Valloire €4,099

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This entry was posted on Friday, February 24th, 2012 at 5:33 pm and is filed under French leaseback, Ski property . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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