The mountain real estate market is maintained due to a lack of goods for sale and the development of summer activities offered by stations. But a slowdown is looming in places.
by Nathalie COULAUD
The effects of global warming on the snow cover or the difficulties of purchasing power will end up impacting the real estate market in the mountains? These concerns have recently been swept by professionals in the sector who are delighted with a very good year 2022. “Even if it is behind us, the COVVID crisis has presented the interest of having a second home, buyers foreigners are back and the heat wave episodes bring additional interest to spending the summer in the mountains. This explains the good performance of the real estate market “, analyzes Philippe Buyens, director general of the network of Capifrance agencies.
The emblematic stations of the Alps are doing very well, starting with Megève (Haute-Savoie), a high-end station appreciated by the public for the quality of its architecture. “The 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,” plans Olivier Roche, director of Megève Sotheby’s International Realty.
Like most stations, Megève also develops the activities that are practiced in summer and offers hiking, four -season sledge or golf. A high -end property benefiting from a very good location is negotiating there today between 20,000 and 25,000 euros per square meter.
A little cheaper, the Chamonix station allows you to ski in three countries in the same day: France, Italy and Switzerland. For a property of 150 square meters offering great services, including a beautiful view and the proximity of the slopes, it takes between 12,000 and 13,500 euros per square meter, or around 2 million euros.
But in some places, a compaction is felt, especially in Courchevel (Savoie). If in Courchevel 1,850 (the highest station), it is always necessary to count between 40,000 and 50,000 euros per square meter, Courchevel 1,650, 1,550 and the Praz have a less elitist positioning and the new programs are numerous. “The abundance of housing offer will undoubtedly lead to a price cap”, estimates Olivier Roche.
It takes 11,624 euros per square meter on average according to the National Real Estate Federation (FNAIM). Same thing in Méribel where the market is dynamic (10,600 euros per square meter on average), but the offer has become more important with new programs under construction. The prices should therefore stagnate.
part of the customers impacted by a lower purchasing power
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