The charming Haute-Savoie village of Les Gets is surely one of the jewels in the crown of the French Alps. A perfect example of the alliance between traditional and modernity, the resort attracts a French and international clientele year round. Whether for the unspoilt natural surroundings, the magnificent views of the Mont Blanc massif from the slopes of Mont-Chéry, or the wide range of activities on offer, this destination has much to offer mountain lovers.
With around a hundred shops and a ski-in/ski-out area, much of Les Gets' accommodation is concentrated in the pedestrianised village centre which comes alive with the arrival of the first snows. A weekend getaway here in a high-end apartment or prestigious chalet at the foot of the slopes is an enticing prospect.
As a gateway to the cross-border Portes du Soleil area, investment prospects in Les Gets for the coming years are extremely promising. Developers and real estate agencies are working together with the municipality to offer sustainably architected properties that are in keeping with tradition and respect the landscape.
Les Gets is a family resort perfect for meeting up to share special moments with friends and loved ones. The village has retained the charm of days gone by, whilst at the same time, offering exceptional accommodation with luxury services. Labelled "Famille Plus", Les Gets is ideal for families in winter and summer alike thanks to an impressive range of sporting, leisure and nature activities to enjoy together or explore at your own pace.
Property buyers in Les Gets are attracted by the resort's mountain lifestyle, authentic setting and human scale. New properties are designed along traditional lines in keeping with the village's ethos. From duplex studios to T6s with roof terraces, the village centre offers prestigious apartments of all sizes that are close to all the amenities. Those who prefer the comfort of a stand-alone chalet will find what they are looking for by moving away from the centre a little towards the more elevated parts of the resort.
The high proportion of ski-in/ski-out accommodation in the resort is a strong selling point for investors looking to maximise rental yields. Direct access to the slopes, and the experience of skiing at the crossroads of the French and Swiss Alps, makes staying in Les Gets, even more enjoyable.
Real Estate Offer: A Segmented Market
With property prices often exceeding €10,000 per square metre, and ranging up to €30,000 for the very top end of the market, a significant part of Les Gets' property portfolio is aimed at a very demanding clientele. Nonetheless, amongst the predominately high-end real estate on offer, typical of the most upmarket resorts in the Northern Alps, there is still a good selection of more affordable new build and renovated properties available.
The number of properties available means that buyers generally have a good selection of options corresponding to their criteria. Especially for older properties, prices per square metre in Les Gets are attractive in comparison to neighbouring resorts such as Châtel, also part of the Portes du Soleil, or even Chamonix.
Les Gets is especially popular with visitors from across the English channel with many apartments and chalets owned by British investors. In the wake of Brexit, these investors will have to review their business model and may have to choose between selling their property or entrusting its management to a French operator which will stimulate the market.
A Real Estate Project: Consider the Rental Market
When buying a property in the mountains, it is important to be aware of current trends in the rental market.
In Les Gets, as with other major alpine resorts, holidaymakers are increasingly attracted to rentals which include luxury services, allowing them to stay in an intimate and private setting whilst benefitting from a level of service equivalent to that of a high-class hotel. These luxury services, therefore, contribute to making an investment profitable by optimising its occupancy rate and maximising rental income.
A truly year-round resort, Les Gets has also strengthened its summer appeal by investing in downhill mountain biking, a sport with an established tradition in the village. Landlords can, therefore, count on rental income beyond the winter season.
Finally, the growth in long-term bookings due to the increasing prevalence of remote working also bodes well for an increase in average occupancy rates, especially given Les Gets' proximity to major urban centres such as Geneva, Lausanne and Lyon.
Investors Attracted by New Developments
Investors wishing to diversify their asset portfolio, whilst at the same time building up a legacy to pass on to their children, primarily choose new property developments that combine leisure opportunities with profitability.
The range of properties on offer in Les Gets has changed significantly over the last decade, with the emergence of luxury apartments and stand-alone chalets aligned with buyers' new aspirations.
Current new developments have been designed to offer mountain holidays that prioritise guest experience and comfort, offering abundant living space and attractive relaxation and wellness areas.
Additionally, new mountain projects include customisation options. In Les Gets, Cimalpes works with a team of architects who can customise properties according to buyers' specifications before delivery.
New build properties are also attractive from a taxation standpoint. In particular, investors can reclaim VAT amounting to 20% of a property's value if they plan to rent out the property to include luxury services.
Three New Projects in Les Gets
Cimalpes invites you to discover three ideally situated new developments:
The Stella development (34 units): A residence with apartments of two to six bedrooms right in the heart of Les Gets with wellness, fitness and spa facilities
Le Chalet 1839 development (2 units): Two ski-in upscale apartments with free and four bedrooms at the feet of Les Portes du Soleil.
Le Vieux Chêne development (25 units): A centrally located residence with apartments of two to five bedrooms with a warm and natural design
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