Wide range of prices and choices

This particularly distinguished resort is not the most expensive: at an average of 5,101 euros per m² according to MeilleursAgents.com, Val Thorens is not even one of the ten most expensive resorts in terms of existing property. At the top of the peaks, Courchevel 1850 is between 15,000 and 25,000 euros per sq.m for old apartments and 30,000 to 35,000 euros per sq.m for chalets, according to Cimalpes. In Méribel, Megève, Val d'Isère, Moriond or Le Praz, it is necessary to count between 5,000 and 16,000 euros per sq.m for old apartments and from 15,000 to 25,000 euros per sq.m for chalets. But according to the mountain range, the price range is much wider: "In the so-called charming resorts, in the low-lying villages, the average price is 4,400 euros per sq.m, compared to 5,100 euros per sq.m in the high-altitude resorts in the major ski areas of Savoie and Haute-Savoie", explains Jean-Jacques Botta, president of the Fnaim des Savoies. Overall, the range varies from 2,300 euros per sq.m to 10,000 euros per sq.m between a studio to be renovated and a well-placed family apartment. From Châtel to L'Alpe d'Huez, the choice is therefore wide to meet the demand.

Rarer and rarer of the new

"Buying in the mountains is above all an investment for pleasure," says Benjamin, General Manager of Cimalpes. In new housing, the blocking of PLUs (local urban planning) four up to four years in some resorts has led to a scarcity of new supply and therefore to slight inflation.

Strong international demand

Now also popular for summer holidays, the mountain is becoming a second home destination. "Urban executives also see it as an investment with a certain way of life," says Benjamin Berger, Managing Director of Cimalpes. New developments with around fifteen properties quickly find buyers, if buyers have the patience to wait for their delivery two years later. Their assets? Meet buyers' desires in terms of surface area and equipment, proximity to ski slopes, restaurants and shops. At the top end of the market, the market remains supported by international demand. "The English are less present, because of the fall in the price of the pound sterling and the uncertainties related to Brexit," says Jérôme Roche, Edenarc's sales director. But there are more Belgians, as well as expatriates on missions in Dubai or Singapore, as well as the Swiss and the Middle East. »

Increase in hospitality

In the new sector, investors are increasingly turning to rental with hospitality services, which is based on short-term rental through an agency. By complying with certain conditions, including the provision of at least three services (reception, cleaning, supply of household linen or breakfast), owners can recover VAT. And hope, depending on the occupancy rate of the property and the magnitude of the rents charged according to the weeks concerned, to obtain a gross return of around 3%.

Benjamin Berger

Managing Director of Cimalpes

Benjamin is the Managing Director of Cimalpes. He is active in rental, transaction and management in the resorts of Courchevel, Meribel, Saint Martin de Belleville, Val d'Isère and Megeve. A s a local, he is an expert on these destinations in which he has carried out all the activities of Cimalpes, in the field, in the back office, in reception or in marketing.