Revamp for ski resort
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 skiingproperty.com, the high-end resorts of Méribel, Courchevel, Morzine, Val-d’Isère and Megève are among the most popular. skiingproperty.com athenaadvisers.com