Méribel In the resort, the real estate market is experiencing structural growth thanks to high levels of demand from buyers looking for vacation properties that are also a secure financial investment. Méribel has a lot going for it. The resort is close to major regional transport hubs, with an ideal loca- tion in the heart of the 3 Valleys, the world's largest ski area. Investing here is a safe option, with good rental returns thanks to excellent occu- pancy rates, as well as a strategy to move the resort upmarket which is now bearing fruit. As a result, prices are increasing in both the sales and rentals sectors. Today, the average price per m² is around 15,000.

Saint-Martin-de- Belleville This 3 Valleys village resort has everything that investors are looking for - access to a large ski area, authentic mountain lifestyle, high-end services, well-preserved architecture and wild landscapes. Just 20 minutes from Moûtiers TGV station, prices here remain below those in neighbouring resorts despite its soaring popularity, attracting a French as well as Swiss clientele who are well-versed in current market trends.

Val d Isère Authentic character, exceptional landscapes, family atmosphere, large ski area, sporting image, snow conditions allowing the season to extend into the spring months, lively après-ski - Val d'Isère ticks all the boxes. Serving a discerning French and international clientele, it is increas- ingly drawing clients away from other resorts, especially those in Switzerland. Boosted by its repu- tation, demand currently exceeds supply, resulting in highly attrac- tive rental occupancy rates. Unsurprisingly, the sales market here is more dynamic than elsewhere.

New and old market: the evolution of prices per m² (2020)

Resort benchmarks

S U

M M

A R

Y

Average increase in new build prices

Global average price increase

2%

3% 3%

2.2%

4%

2%

5%

2.9%

6.5%

2.4%

5.5%

3.4%

6%

1.5%

COURCHEVEL MORIOND / VILLAGE

LE PRAZ VAL D'ISÈRE MÉRIBEL MEGÈVE SAINT- MARTIN-DE- BELLEVILLE

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