Current sales trends
Val-d'Isère 12,310 euros per m²
Tignes 7,070 euros per m²
Bourg-Saint-Maurice 3,990 euros per m²
La Plagne-Tarentaise 4,450 euros per m²
Courchevel 10,900 euros per m²
Belleville 5,610 euros per m²
Chambéry 2,490 euros per m²
It is estimated that of the 340,000
properties in Savoie, around 37%
are holiday homes. The median
price of all properties sold in the
department between April - June
2022 was 3,480 euros per m2.
Last year the Savoie was allocated
423m euros from the France Relance
investment programme. Of this,
270m was allocated to renovation
and ecology, 126m invested in
making local businesses more
competitive and the remainder was
allocated to municipalities for local
investments.
David Cowx lives at the foot of the
road to La Plagne which, along
with Les Arcs, forms the popular
Paradiski area. He tells us:
"All properties are in demand but the
driving force of the market remains
1, 2 and 3 bedroom apartments, both
new build and resale properties.
The problem is a lack of stock,
although this is likely to change as
inflationary rises kick in and the cost
of borrowing rises. As to the most
popular price range - we are seeing
strong demand in the 100-350,000
euros bracket. A brand new 5-star
hotel development is underway
SAVOIE
just above Plagne Bellecôte, with
continued new build development
in Plagne Centre, Plagne Soleil and
Plagne Montalbert. These are all part
of La Plagne's gradual movement
upmarket as it aims to attract higher
income clients.
We locals are looking forward to
the next major lift infrastructure
development, which will be the
renewing of the telecabine to the
Bellecôte glacier."
Patrick Graham has lived and
worked in Méribel in the heart of
the Three Valleys for decades:
"Demand has been strong, although
enquiries have been quiet in the
last month or so. Time will show
if this is a "blip" or a longer term
trend associated with the mortgage
situation. Our new build programmes
are selling well as are the resale
apartments in my portfolio. I have
noticed the development of more
lifestyle choices, rather than winter
activity driven choices. The bulk of
activity is in sales of property under
1m euros.
There are several new build
programmes waiting for planning
approval, which will be started
in the next two years and bring
much needed stock to the market.
Personally, I am looking forward to
the new Black piste, the "Ibex" part
of the vertical experience. February
also sees us hosting the World Ski
Championships which will further
add to the global profile of the area."
Sian Maher lives and works in
Courchevel:
"Courchevel 1850 has always been a
fairly chic, exclusive, place to ski for
the rich and famous. Over the years
many different nationalities have
made it their favourite destination -
including a truly worldwide clientele
with, of course, plenty of French and
British buyers.
Courchevel Moriond 1650 and
Courchevel Village 1550 were
popular last year, as they are the
more affordable villages, with strong
demand also in Le Praz/Courchevel
1300. There is a new telecabine to
1850 and the fact that the Olympic
ski jumps are here, alongside a lake
for swimming, diving and fishing
make it popular with buyers looking
for a year round destination. The
area is busy with renovations, chalet
rebuilds and even new builds,
although planning is tight. If you are
looking for a new build then local
knowledge is everything."