Home Business For sale in the French Alps: Ski chalet with mountain range backyard

For sale in the French Alps: Ski chalet with mountain range backyard

by SuperiorInvest

This four bedroom cottage is perched on a hillside in Samoëns, a town in the Auvergne-Rhône-Alpes region of southeastern France, bordering Switzerland. Large windows and wide sliding doors offer panoramic views of the Giffre valley surrounded by mountains and the Grand Massif ski station in the Haute-Savoie region.

“Your gaze is constantly outward, taking in sweeping epic vistas that create a deep sense of connection with the natural world,” said Rebecca Watkins, who owns the cottage with her husband, John Watkins. The less than quarter-acre property is listed by Jeoffrey Sarrasin, a sales consultant with Barnes International Realty’s Mont Blanc office.

Built in 2019, the 3,229-square-foot log home is an environmentally-designed, energy-efficient solution to the region’s typical ski lodge and traditional Savoyard farmhouse. It has a gently sloping roof and dramatic gutters extending over the front and sides to keep the interior cool in the summer. Additionally, the property faces 130 degrees to the southeast to produce maximum solar gain. The sun streams through the back of the house in the winter but not in the summer.

Just beyond the two-car carport, the front door opens to street level. Stairs lead down to an alcove foyer and Douglas fir-framed great room with beamed vaulted ceiling, hardwood floors, and Scandinavian-inspired open kitchen. A rough stone fireplace and TV alcove anchor the den space. Near the central sitting area, sliding doors open onto a wide balcony with wood and glass balustrades running the length of the house.

The custom kitchen has a separate wooden open pantry, an island with a waterfall-style countertop in solid faux limestone and premium appliances. There is also a guest bedroom on the main level with an attached bathroom.

Downstairs, three further en-suite bedrooms have sliding glass doors to a garden terrace adjoining the rear lawn. Monochrome bathrooms feature creamy fossilized limestone tiles, lighted vanity mirrors, and oversized sinks and showers. The ground floor also has a gym, sauna, laundry and storage.

The selection and placement of different flowering plants in the gardens and meadows were designed to be “pollinator friendly” and promote biodiversity, Ms Watkins said.

There is a detached carport for two cars close to the road with an office below. Stairs lead down to the terrace and gardens.

The resort of Samoëns, about 40 miles east of Geneva, Switzerland, is a popular destination for both winter and summer sports enthusiasts. This property is located 10 minutes drive from a supermarket, 15 minutes from the slopes and 15 minutes from Lac de Flérier.

The steady growth of ski resorts in the European Alps dates back to 2013 and the end of the global financial and credit crisis. “Between 2012 and 2022, property prices have increased by 50 percent,” said Steve Hillion, deputy director of Barnes Mont-Blanc and director of Barnes Megève.

Ski areas in the Auvergne-Rhône-Alpes region of France, which borders Switzerland and includes the metropolis of Lyon, remain as popular as ever. “Demand continues to grow as clients look for a safe haven for their money in an environment of rising inflation and economic uncertainty,” Mr Hillion said.

But the pandemic boom, which has seen skiers and summer sports enthusiasts snap up chalets and apartments across the region, may level off, said Jeremy Rollason, head of Savills Ski, which will release its annual report on 24 November. While a shortage of affordable homes is driving the upper end of the residential market, “double-digit price growth is unlikely to continue into 2023, with growth likely to stagnate in some locations,” Mr Rollason said.

Val d’Isére, Courchevel and Méribel – premium ski areas in the high altitudes of Haute-Savoie – “naturally appeal to a smaller cohort of affluent buyers looking for the best ski conditions,” said Kate Everett-Allen, head of International Residential. Research for Knight Frank and its author ski property reportreleased on November 15.

Laid-back demand after three seasons of ski resort closures and restrictions pushed prices up 5.8 per cent in the year to June, up from 4.6 per cent a year earlier, Ms Everett-Allen said, citing Knight Frank data. Most of the inquiries at the time were “from home buyers,” she said.

Apartment dwellers in Paris, Lyon, Annecy and Geneva longed for the countryside or the mountains, and telecommuting made it possible to move full-time or part-time to resort areas. in Megeveknown for its winter and summer beauty, cottage prices have increased by 40 percent between 2018 and 2021 (including 25 percent for apartments), said Bertrand Rassat, country manager of Baerz & Co.

These days, partly due to a warming climate, he said, “more and more resorts are diversifying their leisure activities and developing four-season offerings.

Many foreign buyers use and also rent out their cottages. The houses, which sleep 10 to 14 people, can be rented for 250,000 euros ($260,000) a week with professional cooks and drivers, Mr. Rollason said.

The Chamonix resort area, which sits in the shadow of Mont Blanc near the confluence of France, Switzerland and Italy, has long had year-round appeal, with climbing, biking and hiking in the summer, said Martin Beaujouan, a lifelong resident. and real estate advisor with efficiency.com. After reopening after the initial pandemic shutdown, Chamonix saw an increase in sales volume compared to pre-pandemic levels as buyers sought refuge in the mountains. “It’s a paradise for mountain sports,” Mr Beaujouan said.

Two-bedroom apartments in Chamonix sell for 800,000 to 1.5 million euros ($831,000 to $1.56 million), while five-bedroom chalets cost between 3 million and 6 million euros ($3.1 million to $6.2 million ), Mr. Hillion said. New chalets with pools and views of Mont Blanc or near the slopes range from 16,000 to 22,000 euros per square meter ($1,540 to $2,120 per square foot).

Three-bedroom cottages in need of renovation start at 950,000 euros ($987,000), he said, adding that the properties “won’t stay on the market for long.”

The market is also supported by ease of access. Unlike the neighboring Swiss Alps, there are no restrictions for buyers in the French Alps. Last year, about 18,000 sales were closed in Haute-Savoie and 10,700 in Savoy, Mr. Rassat said.

French made up about half of all buyers in the region this year, compared with 80 percent in 2020, Mr. Hillion said.

Mr Rassat said that “the leading international buyers are the British, followed by the Russians, the Swiss and the Dutch. Depending on the resort, the distribution can vary: for example, the British prefer Val d’Isére, while the Russians are mainly present in Courchevel and Méribel.

Many buyers are from Scandinavia and the Benelux countries, Belgium, the Netherlands and Luxembourg, Mr Rollason said.

U.S. buyers are currently “seeing quite a big discount because of the dollar,” Ms. Everett-Allen said — about 15 percent in October compared with a year earlier. The favorable currency exchange will also attract buyers from Hong Kong, the Middle East and Latin America, she said.

There are no restrictions on foreign buyers, except for some Russian and Iranian oligarchs, said Pierre Jay, a notary in the Haute-Savoie department and the Auvergne-Rhône-Alpes region.

Closing costs are about 7 percent of the purchase price, Mr. Jay said. Stamp duty makes up about 5.9 percent of the sale price, registration fees cost about 0.1 percent and notary fees about 1 percent.

Mortgages are available for foreign buyers.

New homes have a built-in advantage for buyers. When purchasing off-plan, buyers can receive a 20% VAT discount if they agree to lease the property with a registered management company for at least 20 years and include three of four possible amenities: bed linen, regular cleaning/cleaning, breakfast and reception for guests. (If the property is leased for less than 20 years, some of the VAT will be refunded pro rata, Ms Everett-Allen said.)

French; euro (1 euro = 1.04 USD)

Annual taxes on the property are about 2,000 euros ($2,075), Mr. Sarrasin said.

Jeoffrey Sarrasin, Barnes International Realty, 011-33-4-48-05-09-45, Barnes-international.com

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