French ski property prices on the up
All three types of Alpine ski property (apartments, chalets & houses) saw price increases in the first quarter of the year highlighting an improving sentiment in the ski property market in France. This is an important reversal of the trend in falling prices, particularly for houses and chalets.
Heather Byrne, area coordinator for Leggett Immobilier in the region comments: “These are early days in terms of price growth and values but our pipeline of offers accepted and our completed sales confirm that demand continues to increase across the Alps. These price changes may seem modest but the cumulative effect over a number of quarters is significant to owners and investors alike. With 27 agents on the ground we are in a unique position to see the market as a whole – it has definitely stabilised and there are early signs of a rising trend in a number of key locations such as Mont Blanc (2% rise this quarter) and Three Valleys (1.8% rise).”