Whether you're looking for a second home or a rental investment, investing in new property in the mountains offers many opportunities, both personal and financial.
Since 2020, the mountains have been attracting more and more people looking to get away from the cities, thanks in particular to the possibility of teleworking in a natural setting.
This trend has intensified, and ski resorts are no longer just seasonal tourist destinations, but are becoming popular year-round destinations. There is growing demand for new property in the mountains, whether in Savoie, Haute-Savoie or the Alps.
A booming market
Some ski resorts will be particularly attractive in 2024, offering good value for money. Towns such as Monêtier-les-Bains and Domancy, close to well-known resorts such as theAlpe d'HuezChamonix and Les 2 AlpesThey offer excellent rental yields.
Thanks to improved rail and road links, these destinations are easily accessible, making them even more attractive to investors.
Although some top-of-the-range resorts have seen their prices soar (Val d'Isère, Courchevel)However, there are still some interesting opportunities in more affordable family resorts.
READ MORE: Real estate: Why invest in a ski resort in France?
Monêtier-les-Bains, in the heart of the ski area of Serre-Chevalieror La Roche sur Foron, in Haute-Savoie, are examples of places that offer a good compromise between accessibility and quality of life.
What's more, new-build developments are springing up in strategically located towns and cities. In Grenoble, for example, investors can take advantage of the proximity of ski resorts while enjoying all the benefits of a large city.
Developments such as the one at Saint-Pierre-en-Faucigny, near Mont Blanc, offer a natural living environment while being close to modern infrastructure.
A destination for all seasons
Contrary to popular belief, the mountains are not just a winter destination. In summer, they are ideal for outdoor activities such as hiking, mountain biking and climbing.
This multi-purpose nature ensures a regular flow of tourists in both summer and winter, increasing the profitability of rental investments.
For investors, this annual demand guarantees a regular income, especially in the high season. So by choosing to invest in new-build property, particularly through tax relief schemes such as Pinel, you can earn extra income while at the same time recouping part of your investment.
READ MORE: Property: Which are the most affordable ski resorts in the Alps by m2?
There are several advantages to investing in a new property in the mountains. Notary fees are lower than for older properties (2 to 3% compared with 8 to 9%), and co-ownership costs are lower thanks to modern energy standards.
What's more, you'll benefit from the legal guarantees applicable to new-build homes, such as the ten-year guarantee and the guarantee of good working order.
In 2024, changes to the Pinel zoning mean that 57 new towns in Savoie and Haute-Savoie will also be eligible for this tax exemption scheme, offering additional opportunities for investors.