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Strong capital growth in French Alps

Despite the property market slow down experienced in the UK and many parts of France, property values in many resorts in the French Alps grew in the year between April 2007 and March 2008...

Despite the property market slow down experienced in the UK and many parts of France, property values in many resorts in the French Alps grew in the year between April 2007 and March 2008. Mountain and lakeside resorts saw the greatest increases.

The French Alps is one of the most unique property markets in Europe; not only are buyers in the Alps able to enjoy a fantastic ski and summer season in their property, the Alps are also amongst some of the most environmentally protected regions of France. With a limited supply and growing demand they exclusively encounter strong capital growth.

The lifestyle on offer in these regions can’t be paralleled in Europe and draws a wealthy crowd. In the first quarter of 2008 resale apartment prices across the mountain resorts of Haute-Savoie increased by just over 3% and in the Annecy area the average increase was 2.5%. Popular areas such as Chamonix Mont Blanc saw prices up by almost 8.9%, Morzine just under 10.9%, Megeve by 7.5%, La Clusaz by over 7.3% and Le Grand Bornand by 13.8%. New build apartment prices are continuing to perform well, reflecting increased demand for spacious property, in good condition and with multiple bathrooms.

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