Real estate prices in the mountains are not falling

2023-12-26 05:25:00


OOne might have expected a correction, there as elsewhere. But real estate prices in the mountains continue to rise, according to the latest study by the National Real Estate Federation. At the end of November, they had increased by 4.4% following increasing by 30% between July 2020 and April 2023. “The increase is equivalent to that observed between 2014 and 2020,” underline the authors.

Prices are on average higher in the Alps – which are home to half of the ski resorts – than in the other massifs. In the 71 Alpine resorts studied, the average price of apartments, which represent 85% of transactions, reached €5,571/m2 and that of chalets, 8,030 €/m2.

Val-d’Isère remains the most expensive resort (14,758 €/m2 on average, apartments and chalets combined), ahead of Courchevel (12,600 €/m2) and Megève (11,057 €/m2). Prices two to three times higher than the rates in La Plagne (€4,491/m2) or in Deux-Alpes (4,957 €/m2).

Fewer transactions. “Courchevel now attracts a Turkish clientele”, notes Jean-Thomas Olano, director of Barnes agencies. “We are observing a two-speed market, with, on the one hand, an increase in the price of old apartments (between 100 and 200 m2 on the top floors) and, on the other hand, negotiations on the price of properties that do not have a view or are not “ski-in/ski-out”. » And to emphasize: “The price of new properties is 30% higher, which is generating renewed interest in old properties. »

75 %

housing

have a DPE E, F or G which will be prohibited for rental from 2034.

The number of transactions nevertheless decreases: 6,477 in the 71 stations analyzed between September 2022 and August 2023, compared to 7,705 over the same period 2021-2022. La Plagne is the resort with the most sales (548) ahead of Chamonix (311) and Serre-Chevalier (272).

A major problem (see graph) : these stations concentrate a significant proportion of properties displaying an energy performance diagnosis E (42.4%), F (19.5%) or G (13.8%), which will gradually be prohibited for rental from 2034 Three-quarters of housing is affected.

Added to this is the threat of global warming. Resorts at 1,500 m altitude are expected to lose 20% of snow if the temperature rise is 1.5 to 2°C, but more than half if it exceeds 4°C. Even very high altitude stations are not immune. At more than 2,500 m, they would lose 12 and 36% respectively, according to the study carried out by the Eurac research center.


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