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Ski news: re­gen­er­a­tion for Alpine re­sorts

With a wide choice of ski slopes for all lev­els, modern equip­ment and ser­vices, plus qual­ity ski apart­ments and chalets, it’s no won­der the French Alps re­main the most pop­u­lar ski des­ti­na­tion for the Bri­tish. Sev­eral re­sorts are bank­ing on such pop­u­lar­ity, re­veal­ing ma­jor rede­vel­op­ment works to mod­ernise and re­gen­er­ate the re­sorts, some of which have been run­ning since the 1960s.

Although the ski­ing is a key driver for in­vestors to buy prop­er­ties in the Alps, it ap­pears qual­ity après-ski and en­ter­tain­ment, par­tic­u­larly fine din­ing, could also be a ma­jor in­cen­tive. With the Miche­lin Guide re­cently re­veal­ing its 2017 stars, the French Alps are cer­tainly a hotspot for gourmets – Le 1947 au Che­val Blanc in Courchevel was the only restau­rant to be awarded a third star this year and four other es­tab­lish­ments in Savoie and Haute-savoie were given Miche­lin stars, two of which are in Courchevel too.

The glitzy re­sort of Val d’isère will be un­der­go­ing the largest rede­vel­op­ment it has seen in years. Imag­ined and planned by prop­erty ex­perts Athena Ad­vi­sors, the pro­gramme will fo­cus on the cen­tral area called ‘Le Coin’ and cre­ate a new shop­ping district, two three/four-star ho­tels, a bus sta­tion, new après-ski fa­cil­i­ties in­clud­ing plenty of bars and restau­rants, and a se­ries of res­i­den­tial prop­er­ties. De­liv­ered by Alpine de­vel­oper Jean-charles Co­varel, the project should cost €200m and be com­pleted by 2022.

Val d’isère’s prop­erty mar­ket has never been so dy­namic, par­tic­u­larly for new-builds and high-end ren­o­va­tions. The price of such prop­er­ties has in­creased by 18% since 2015 reach­ing €20,000/m2, ac­cord­ing to Athena Ad­vi­sors.

Af­ter cel­e­brat­ing its 50th an­niver­sary, the re­sort of Avo­riaz in Haute-savoie pre­sented a €300m project to up­grade its equip­ment. The re­sort re­alised it needed to up­grade its fa­cil­i­ties in or­der to cater to the rise in de­mand for lux­ury ski­ing res­i­dences and ser­vices.

The project will in­clude an ex­ten­sion of a Pierre et Va­cances res­i­dence and the con­struc­tion of a new Club Med with the aim of adding 2,000 beds to its ac­com­mo­da­tion of­fer. The re­sort is also hop­ing to mod­ernise its cur­rent ski-lift sys­tem and cre­ate junc­tions to link new res­i­den­tial prop­er­ties. It is hoped the project will be fin­ished by 2021-2022.

As a whole, Savoie-mont-blanc’s prop­erty mar­ket per­formed well in 2016. Ac­cord­ing to the lo­cal FNAIM (Fédéra­tion Na­tionale de l'im­mo­bilier), be­tween June 2015 and June 2016, prop­erty trans­ac­tions in­creased by 9.2% and prices for moun­tain prop­er­ties also in­creased across Savoie and Haute-savoie, with an av­er­age price of €5,765/m2 for apart­ments and €9,100/m2 for chalets. Savoie-mont-blanc’s FNAIM also notes that the most pop­u­lar prop­er­ties are two to three-bed­room homes.

Le Coin re­gen­er­a­tion project in Val d'isère

Avo­riaz ski re­sort

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