Linked by their ski area, the resorts of Tignes and Val d'Isère offer an exceptional playground for lovers of the high mountains, with a first-rate property offering.
These two neighbouring resorts, linked by the slopes, are so popular that fluctuations in the market have no impact on the value of their real estate. ‘It's a market of niches and opportunities, and prices are rising all the time. The reason for this? It's one of the few areas where there will still be snow in the future, thanks to its high altitude,’ says Swann Juillaguet, property consultant GSI by Foncia Tarentaise for Tignes-Val d'Isère. Despite this, each resort has its own property market, with its own prices and characteristics.
Tignes, for ski addicts
A firm favourite with sports fans, Tignes stretches from 1,600 to 3,800 metres above sea level, with the pistes often opening to snow as early as November. The difference in altitude also divides the resort into several villages, the heart of which is Tignes 2100. This is where the three districts at the foot of the slopes are located: Le Lac, Le Lavachet and Val Claret.
The first is the most popular because it's lively, sunny and ski in, ski out. The second, more out of the way, is undergoing major development thanks to the renovation of the snow front. The last offers direct access to the slopes, but the sun disappears in the early afternoon.
Whatever the sector, the resort began to develop in the 1970s. ‘As a result, the property on offer is mainly in large condominiums, with studio apartments of 16 to 23 m² and two-bedroom apartments of 50 m². Many owners are now looking to combine their properties into larger flats, but opportunities are few and far between,’ explains Swann Juillaguet. On average, you should expect to pay €12,000 per m² for an old flat and €18,000 per m² for a new one.
Val d'Isère, for lovers of chic skiing
Like Tignes, Val d'Isère lies at high altitude, between 1,850 and 3,500 metres. Once again, this means exceptional snow cover. But the resort's main asset, apart from its snow, is its charm. ‘Val d'Isère has managed to retain a village spirit, with chalets and small, authentic condominiums with a mix of stone, wood and slate architecture,’ he explains.
In addition to its authenticity and skiable terrain, the resort also offers a range of high-quality après-ski facilities, including an aqua-sports centre, spa, relaxation areas, beauty salons, bars, clubs, boutiques and fine dining... It's the definition of ‘ski-chic’, with an international reputation comparable to that of Courchevel or Megève.
These numerous assets are driving property prices up to the summit, even more than in Tignes. According to Swann Juillaguet, you can expect to pay around €22,000 per m² for a 2- or 3-bedroom apartment of 30-50 m² in a small condominium built in the 1990s, and €13,000 per m² in some of the larger developments built in the 1970s. But the reality in Val d'Isère is that many properties are sold for between €30,000 and €40,000 per m², often recently built or renovated, in large chalets divided into flats. ‘Two recently sold for a record price of €54,000 per m² each’, he says. Prices comparable to those on the market for a handful of chalets sold in Val d'Isère for several million euros.
Translated with DeepL.com (free version)
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