New all-encompassing ski index rates Chamonix as best place to buy in the French Alps
The actual property is not the only factor for buyers in the Alps with the size of the ski area, snow facilities and access just as important.
Now a new ski index aims to take into account the top factors that a buyer of a home in a ski resort needs to know.
The index from specialist mountain property agents Alpine Property Search ranks Chamonix as the top locations to buy a ski home based on five key indicators.
Each resort in the five main ski-ing regions of the Three Valley, L’Espace Killy, Chamoinix/Mont Blanc, Les Portes du Soleil and Le Grand Massif has been rated according to its snow record and snow making facilities, size of ski area, relative affordability, year round suitability and accessibility.
Chamonix came top with 18 out of 20, followed by St Martin de Belleville, St Gervais, Les Gets and Morzine all on 17.
‘We are not saying any resort is better or worse than another, just presenting some important considerations and trying to quantify them. Of course, there are plenty of intangibles that make up a decision to invest in an Alpine home and the most important is getting to know the area,’ said David Bhagat, founder of Alpine Property Search.
The index report also shows that Courchevel’s prime property is the most expensive in the Alps, particularly in the Bellecote and Jardin Alpin areas of the resort with prices at €20,000 a square meter for chalets while apartment are around €11,000 to €15,000 per square meter.
Some of the best value and potential for price appreciation can be found in St Martin de Belleville €5.700 to €9,000 per square meter and the resort is known for being an all year round attraction.
In the Edwardian spa town of Brides-les-Bains, the gateway to both the Courchevel and Meribel valleys three bedroom chalets can be found for €4,000 per square meter.