Throughout the Alps, property values have stayed very high regardless of falling prices elsewhere. These prime locations are hard to find, let alone purchase. While property prices in the top end of the market continue to rise and are expensive, due in part to the high demand for high altitude resorts, other properties within the region offer more affordability.
Developers are realising the new demand for property here is a younger group, less willing to invest highly in the costs of properties in the higher altitudes but that would like to own property in the region. One developer, MGM, has begun development of new properties with a lower cost, more traditional appeal and a better draw to the family unit. To accomplish this, they have moved into smaller villages in the region. Sainte Foy en Tarentaise, Crest Voland and Bisanne are a few examples.
The developments offer apartments and chalets of ranging sizes, most of them with pristine amenities. Nestled in the heart of these small villages, most have a traditional, small village feel to them, making them very attractive.
On the flip side, MGM and other developers are not forgetting about the more valuable properties that are in demand here. MGM recently began a €80 million regeneration project in the French Alps at Montgenevre. Improvements to the infrastructures as well as to traffic will allow these properties to continue to be some of the most valuable in the country.
