‘Tis The Season Of Resilience

A new report from Leggett International Real Estate demonstrates that the property market in the Alps is one of the most resilient in Europe. With the resorts opening in time for the Christmas holidays, Leggett says that the international nature of buyers stimulates a global demand that offers security and stability. Key findings include:

• Rising inflation is seen as the greatest risk to investors, and Alpine real estate is seen as one of the best ways to mitigate this risk.
• Two billion euros have been set aside for regional tourism, to ensure that they retain their crown as the primary ski destination in the world.
• Individual resorts have also seen huge investments.
• Savoie & Haute Savoie prices both grew by just under 7% in the last 12 months but are now stabilising.
• More stock is coming to the market, finally giving buyers more choice.

The Alps will host the World Ski Championships this February and are in pole position to host the 2030 winter Olympics. Heather Thompson, Regional Area Manager, says: "I have lived in the Three Valleys for 18 years now and I cannot remember a time when I have seen such investment. At a time of such political and economic uncertainty we are grateful for the stability that this brings. One notable trend is that French buyers are increasingly heading to lower resorts that are easier on their pockets. They may offer a shorter ski season, but I see first-hand that the bars and restaurants are packed with locals who appreciate the value they offer".