The Real Estate Market in Val d'Isère
A technical ski area and a deeply humane resort
Authentic Savoyard village, Val d’Isère has become an international and attractive ski resort. Val d'Isère preserves its charms, its wooden and stone chalets with lauze roofs, its baroque church and pedestrian centre, surrounded by a majestic mountain that fascinates a resolutely sporty clientele, conquered by a deeply humane community.
Val d'Isère has cultivated a sense of belonging strongly shared with loyal or newly conquered customers by developing an offer built on major assets: a captivating natural environment, guaranteed snowfall, a unique atmosphere,
a valued architectural heritage, an irreproachable sense of service and a range of quality accommodation.
THE ESSENTIAL OF THE MARKET
The scarcity of exceptional property keeps the property market on very good bases in Val d'Isère.
Following the Brexit, some Anglo-Saxon clients suspended their research while waiting for stability and knowledge of the future relations between European Union and Great Britain. It is still difficult to judge the issue knowing that between July and December the market is slowing down. The coming season will allow a much more detailed analysis on the international clientele. The French clientele, however, remains present and continues its acquisitions.
Cimalpes sales are mainly focused on existent properties because Val d'Isère is, unfortunately, in short supply of new built properties.
The large apartments and chalets attract the buyers unlike smaller areas that are much less popular. The purchase of existent chalets is of interest to investors if these are at reasonable prices. They take account of the work to be carried out to renovate. New built apartments are much more in demand. Customers can personalize and modify the plans as they imagine their future property, a trend that is increasingly common.
NEW PROGRAMS AND RENOVATIONS
Rehabilitation is the current trend in Val d'Isère. The area available under the sloping roofs is now optimized and allows the construction of large apartments.
The station will soon rehabilitate the Zone du Coin to revitalize it with the construction of hotels, restaurants, etc.
Marc Bauer, Mayor of Val d'Isère
What is your view on future developments in urban planning?
There are two major urban planning projects. First, the ZAC du Coin represents an unrivaled potential for the reorganization and revalorization of the centre of the resort by its geographical location at the entrance of the village centre and by its surface. Now recognized as a “New Tourist Unit”— a concept designed to allow the development of tourist operations in mountain areas, whilst ensuring the protection of natural areas and avoiding a dispersed development of urban projects — the construction will begin September 2017 and will spread over 4 years.
The second major project concerns the development of La Daille. Located at the entrance of the resort, this area is the first and last sight visitors have of Val d’Isère. It is therefore essential that we ensure an impression at the height of the image of the resort as a whole. Last but not least, a 4-5 star hotel will open its doors spring 2017 at the top of the Tête de Solaise in place of the old cable car today replaced by a new gondola of 10 seats. The hotel will also be accessible during the summer by road. Guests will find a restaurant, spa and swimming pool, but above all, a breathtaking view of the entire valley and direct access to the slopes.
What are your latest favorites and novelties in Val d’Isère?
The opening of the residence Skadi this December 17 is my latest favorite and it is also a major novelty for Val d’Isère. This residence of 250 to 280 beds has the peculiarity of complementing the offer of accommodation with a premium positioning — an intermediate position between midrange and luxury — for which we have a growing demand but an inadequate offer.
New this winter also: the high-end Residence La Canadienne, located about 400 meters from the centre of the resort, with possibilities to return by ski from La Daille. Lastly, the five-star hotel Le Savoie, located in the centre, is expanding and opening 30 additional rooms in time for the Christmas holidays.
Val d'Isère offers activities for all, invests constantly to make its ski area accessible to youngsters and less young. The resort remains family friendly but today, few land is available to build. The construction of real estate properties is no longer as exponential as it used to be because space is becoming more and more restricted: lack of building land, avalanche zones, etc. The Cimalpes Val d'Isère team will be pleased to advise you to best meet your expectations and needs.
Helène Delval - Sales Manager
“Today, the construction of properties in Val d’Isère is no longer as exponential as before. The space available for construction is restricted as there is less land available and several areas have been considered prone to avalanches. The trend is for rehabilitation to optimize space available notably under sloping roofs to make large apartments.”