2023-12-17 09:34:00
Baptiste Morin / Photo credit: JEAN-PIERRE CLATOT / AFP
Despite the explosion in credit rates and the fall in real estate prices throughout the country, in ski resorts, this is not the case. According to the National Real Estate Federation, prices in these areas are near the heights, with an average of 13,500 euros per square meter in Val d’Isère and more than 10,000 in Courchevel.
Borrowing becomes more and more expensive, fewer and fewer loans are granted. Which triggers a fall in property prices everywhere. Everywhere, except in ski resorts. This is what the national real estate federation reveals. More broadly, it emerges from this study that the real estate situation there is significantly different. The price of real estate is already on average higher in the 340 ski resorts than in the rest of the country, by almost 30%.
A majority of second homes
And while prices are falling in France by around 2% this year, they are increasing in resorts by 4% on average. “In the mountain market, there are 59% of second homes while there are 10% of second homes in the rest of the territory. So when you buy a second home, you already own your main residence and you are less constrained by credit which is less and less accessible”, explains Loïc Cantin, president of the National Real Estate Federation.
The phenomenon is all the more surprising given that the share of energy strainers is twice as high in ski resorts: almost one in three accommodations is classified F or G. This shows the consequences of the upcoming ban on rental. On the other hand, the evolution of the number of transactions seems to follow the national trend. In 71 resorts analyzed in the Alps, the sales volume fell by 16% over one year.
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