Re­vamp for ski re­sort

Living France - - Les Pratiques -

The ski re­sort of Val-d’Isère in the French Alps will ben­e­fit from a €200 mil­lion re­gen­er­a­tion project over the next five years.

The re­de­vel­op­ment, which is ex­pected to be com­pleted in 2022, will cen­tre around the cen­tral Le Coin area with the cre­ation of a new shop­ping dis­trict, two four-star ho­tels, and a se­ries of res­i­den­tial prop­er­ties. The price of qual­ity new-build or ren­o­vated prop­er­ties in Val-d’Isère has risen by 18% in the past two years, reach­ing €20,000/m², ac­cord­ing to Athena Ad­vi­sors.

Prop­erty in the French Alps is cur­rently in high de­mand from US buy­ers and those with cur­ren­cies that have risen in value against the euro. In the last two years, the dol­lar has in­creased by 20% against the euro. Ac­cord­ing to ski­ing­prop­, the high-end re­sorts of Méri­bel, Courchevel, Morzine, Val-d’Isère and Megève are among the most pop­u­lar. ski­ing­prop­ athenaad­vis­

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