Lac Léman (otherwise
known as Lake Geneva) is
shared between France and
Switzerland. Property on the
French side is always in high
demand with many locals
commuting into Switzerland
to work, but taking
advantage of the lower
property costs in France.
Similarly, it is an incredibly popular
holiday home area, with buyers
coming from all over Europe. Access
is easy via Geneva international
airport (which has an exit directly
into France) and owners can choose
between a day by the lake, or in the
nearby ski resorts.
Property on the French side offers
exceptional value for money. On the
Swiss side of the lake you will find
the following average apartment
costs: Geneva (16,000+ € per m2),
Morges (11,889) and Montreux
(11,345). Prices are far lower on the
French side: Evian-les-Bains (3,920 €
per m2), Messery (4,160) and Thonon-
les-Bains (3,250).
*source notaires de France & RealAdisor CH,
average price of an apartment April - June
2022
Ben Shrimpton has been a resident
in the Lac Léman area since 2010,
and is one of Leggett's top agents.
He gives us his take on the local
market.
"The area of Lac Léman continues to
benefit from a strong market and we
expect prices to grow by 5% in 2023.
The area covers both the departments
SPOTLIGHT ON LAC LÉMAN AND THE SWISS BORDER
of Haute-Savoie and l'Ain and attracts
both the cross-border worker market
and holiday home owners.
The Léman Express train line was
opened in 2019, finally giving crossborder
workers a public transport
link to Geneva, a project that has
been in planning since 1881! The
towns linked by the Léman Express
have seen a 17% rise in property
prices, with both existing houses and
new build projects benefiting from a
jump in demand. Interestingly, the
commuter market in rural villages is
even stronger than before Covid, as
many workers are entitled to work
part of their time at home, so the
distance to Geneva is no longer a
major issue for everyone.
Properties with home offices and
14 Leggett International Real Estate