Will the effects of global warming on snow cover or purchasing power difficulties end up affecting the real estate market in the mountains? These concerns have recently been brushed aside by industry professionals who are looking forward to a very good 2022. “Even if it is behind us, the Covid crisis has brought to light the interest of having a second home, foreign buyers are back and the episodes of heat wave bring additional interest to spend the summer in the mountains. This explains the good performance of the real estate market.analyzes Philippe Buyens, managing director of the Capifrance agency network.
The emblematic resorts of the Alps are doing very well, starting with Megève (Haute-Savoie), a top-of-the-range resort appreciated by the public for the quality of its architecture. “Stocks of goods for sale are limited. The very protective local urban plan means that few new programs are built, prices will continue to increase”predicts Olivier Roche, director of Megève Sotheby’s International Realty.
Like most resorts, Megève also develops activities that are practiced in summer and offers hiking, four-season tobogganing or golf. A top-of-the-range property benefiting from a very attractive location is now trading there for between 20,000 and 25,000 euros per square meter.
A little less expensive, the resort of Chamonix allows you to ski in three countries in the same day: France, Italy and Switzerland. For a property of 150 square meters offering great amenities, in particular a beautiful view and proximity to the slopes, it is necessary to count between 12,000 and 13,500 euros per square meter, or around 2 million euros.
But in some places, a settling is felt, especially in Courchevel (Savoie). If in Courchevel 1850 (the highest station), you always have to count between 40,000 and 50,000 euros per square meter, Courchevel 1650, 1550 and Le Praz have a less elitist positioning and there are many new programs there. “The abundance of housing supply will undoubtedly lead to a ceiling in prices”believes Olivier Roche.
It takes 11,624 euros per square meter on average according to the National Federation of Real Estate (Fnaim). Same thing in Méribel where the market is dynamic (10,600 euros per square meter on average), but the supply has become greater with new programs under construction. Prices should therefore stagnate.
Less purchasing power for some customers
You have 53.11% of this article left to read. The following is for subscribers only.