FRENCH ALPS: FOUR-SEASON DESTINATION
a lower winter rental rate – and significantly lower purchase price – but appeals more to holidaymakers in the summer, spring or autumn seasons. Overall return on investment can compare very favourably. Property prices vary
considerably between the resorts. Lesser-known areas can be as low as €1,000/m2
,
while a new-build apartment in a top resort might command in excess of €25,000/m2
. Within F
or property buyers keen to make a rental return from their French home when they’re
not using it, as well as capital appreciation (22%+ over the past five years), the Alps is a tried and tested location. Winter and summer seasons
provide high demand from holidaymakers, but the shoulder seasons are becoming increasingly popular, according to a new report from the OVO Network – turning the Alps into a four-season destination. Resorts have been investing in infrastructure, attractions, events and promotions, making
them as inviting in spring, summer and autumn as in the traditional winter ski season. Summer occupancy rates
in 2021/22 surpassed 2019 and some rental properties have achieved occupancy levels of 70%+ across the year, which was unheard of just five years ago, the OVO Network reports. The highest winter yields
may not necessarily translate into the highest year-round yields. Winter rental levels in Val d’Isère, for example, are very high, but there is little activity away from the ski season. In comparison, a resort like Samoens will have
the resorts themselves, there can be huge variations. The distance from bars, shops and lifts or pistes is key. Properties an easy walk from the slopes can command a premium of over 12.5% above those that are a 15-20-minute walk away. The report goes on to say that
property quality outweighs the specifics of location for many buyers, with some of the OVO Network’s most successful year-round rental properties being some distance from the nearest skiing – the property itself is the main draw. Accessibility is also key. In
addition to Geneva airport offering regular international flights, train services are being improved, with a new TGV service from Lille to Cluses being planned for 2023/24.
WHAT’S ON IN JULY/AUGUST 2023
ENERGY AUDIT
In April 2023, a new energy audit became effective for single- family homes changing hands in France. The rule applies only to properties classed as very energy wasteful, known informally as passoires thermiques (heating sieve). The new Audit Énergétique (AE), not to be confused with the existing Diagnostic de Performance Énergétique (DPE), is valid for five years and provides the seller and buyer with a description of the work that needs to be carried out and the cost of an overall energy renovation to upgrade the property from the low- performance F and G category. The new audit is considered a complement to the DPE. It is not compulsory
to carry out the work in order to conclude a sale; the information is intended to help buyers make an informed decision, particularly in these times of ever- growing energy prices.
13-17 JULY CARHAIX, BRITTANY LES VIEILLES CHARRUES France’s largest music festival attracts over 200,000 people to this usually tranquil corner of Brittany. This year the eclectic line-up will include Robbie Williams, Blur, Red Hot Chilli Peppers, Morcheeba and more. Festival goers will also be able to enjoy free rides on a giant funfair, including a ferris wheel and 54m-high carousel.
vieillescharrues.asso.fr
1-23 JULY BILBAO- PARIS TOUR DE FRANCE This year the most popular cycling event in the world will set off from Bilbao in Spain, travelling through the Alps to the finish on the Champ Elysées. The race takes place over three weeks and has 20 stages crossing a variety of terrains, all against a backdrop of fans and tourists keen to spot the famous yellow jersey.
letour.fr
12 FRENCH PROPERTY NEWS: July/August 2023
4-13 AUGUST LORIENT, BRITTANY FESTIVAL INTERCELTIQUE Celebrating all things Celtic, especially music, over almost two weeks, this hugely popular event attracts performers from Brittany, Scotland, Ireland, Wales and Cornwall. Headliners this year are Clannad and Suzanne Vega (pictured). Plus parades, sporting contests, craft markets and more.
festival-interceltique.bzh
ALL SUMMER PARIS HOMAGE TO EIFFEL A series of tributes will mark the centenary of Gustave Eiffel’s death this summer, including a Unesco exhibition ‘Eiffel, always higher!’ on the esplanade. There will also be an augmented reality experience with QR codes displayed at various spots where the man himself will ‘appear’ and retell moments in the tower’s history.
toureiffel.paris
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