An affordable housing market
Thanks to its accessible prices, compared to the rest of the Savoie region, the Albertville property market continues to progress, despite more complicated financing conditions for buyers.
In the heart of the Alps, surrounded by mountains and crossed by the Isère, Albertville is a mythical town in France. An Olympic city in 1992, it is also one of the favourite playgrounds of the Tour de France, a stage town par excellence at the start of legendary climbs. It is also located at the crossroads of the most beautiful ski resorts: Valmorel, Les Saisies, La Plagne, Mégère, les 3 Vallées...
A low level of real estate tension
Despite these many assets, real estate has never really taken off. Albertville is historically a town of passage, on the road to the mountains and to Italy," explains Carole Chirouze, a negotiator for Foncia. The town has never been very popular with tourists. This explains the low prices.
Real estate pressure is also measured, since the demography is not exponential like in other towns in the region. "Since the 1990s, the municipal population has stabilised at around 18,000 inhabitants," adds the negotiator.
A post-confinement craze
According to the Notaires de France, the median price for a flat is only €2,090 per sq. m. in old buildings and €3,340 per sq. m. in new buildings. Albertville's property prices are much more affordable than in the rest of Savoie, where a budget of €3,500 per square metre is required in old buildings and €4,610 per square metre in new buildings.
As everywhere in France, Albertville has not escaped the real estate euphoria observed after the first lock-up in 2020. Numerous buyers, notably from the Paris region, have come to settle here and have contributed to driving up prices. These have indeed jumped by 10 to 12% over the last 12 months, all types of property included. "The rise in credit rates has not yet had an impact on the Albertville market. No price drop in sight...", notes Carole Chirouze.
Investors present on the market
The real estate dynamic remains strong due to the demand for investment. Rental investors are increasingly appreciating the city, where attractive returns can be achieved," she adds. The profile of these investors is varied: they are couples from the sector who are looking to invest cash, as well as young first-time buyers or people from Annecy looking for profitability.
An attractive market for houses
As for houses, demand is still strong. The individual house continues to be a dream, particularly in Albertville where the notaries report a median purchase budget of 265,000 € in the old and 300,000 € in the new.
According to Carole Chirouze, "here again, the Albertville market attracts buyers who are no longer able to buy, particularly in the wider Annecy region, from Annecy to Faverges", where the smallest house often fetches more than 450,000 €.
Translated with www.DeepL.com/Translator (free version)
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