Is mountain property in crisis?

While property prices in France are falling overall, the price per square metre in high-altitude ski resorts is holding steady, according to the latest survey by Meilleurs Agents.

It's a market in a class of its own, with its own and sometimes surprising logic.

In the mountains, and particularly in well-known resorts, real estate is doing wellwith prices on the rise.

According to the latest figures from Best AgentsThe mountain property market recorded an average rise in prices per square metre of 2 %.

These figures need to be qualified, as the increase mainly applies to luxury, high-altitude ski resorts, whereas low-altitude resorts are seeing their prices fall.

The higher the altitude, the higher the prices

Unsurprisingly, the resorts of the Northern Alps top the list, with an average price per square metre of €7,003 in February 2024.

For the last three years, the resorts of the Northern Alps recorded an increase in property prices of 20 %.

Resorts such as Val d'Isère (15,268 euros/m2) and Courchevel (12,812 euros/m2), Méribel (€12,230/m2) and Megève (€11,670/m2). are the most expensive and are still highly rated.

Conversely, lower-altitude resorts such as Lac Blanc in the Vosges (€1,350/m2) have seen prices fall by -2.8% in 2023.

The Massif Central is the second most affected massif after the Vosges, with a fall of -1.1 % and a price per square metre now standing at €2,442.