You have always dreamed of making a mountain investment, of making this little piece of heaven your own, or you simply feel investing there is a smart move. You are ready to jump the gun. But there goes the million-pound question: is it still a worthy investment? This question keeps spinning in your head over and over and it bugs you. Here at La Maison de L’Immo, we are quite familiar with the real estate market in Châtel and the Abondance valley. Let us go around the reasons why a mountain investment is the smart thing to do.
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Global warming and mountain investment: pros and cons
Yes, global warming is a thing and yes, it is happening right now. Whilst we may not know the full consequences of global warming yet, the medium-altitude resorts’ lack of snow is a concern at present. One is allowed to wonder whether a mountain investment is wise.
However, that would be disregarding every effort put in by ski-resorts to diversify their panel of activities, in order to attract a broader clientele as well as to prepare for the future. On the Portes du Soleil domain, which Châtel and Abondance are a part of, you can ice-skate on the frozen lake or go for a dog-sledding ride. La Chapelle d’Abondance boasts a remarkable Nordic skiing area, practicable with fairly little snow.
Both resorts have also developed summer activities: mountain biking with the ‘Pass Portes’, granting you access to tracks across every Portes du Soleil resort. Hiking, paragliding, via ferrata, river rafting, rope parks … There is something for everyone! And let’s not forget the water parks, the lake and all the fun activities taking place throughout summer; the MTB French Cup, the passage of the Tour de France, trail running races, transhumance celebrations, and many more!
With or without snow, it looks like mountain tourism is here to stay.
2. What to make of the mountain real estate high prices before investing?
What makes a good investment? Aside from the price, one must consider the potential return on investment. In the case of a mountain property, that means knowing if you will be able to rent it enough times through the year at an interesting price. The appeal of both the mountains and the Alps’ ski resorts allows you to meet such conditions for a profitable investment.
For instance, a 2-bedroom apartment is about €800 to let during peak season, and about €650 to let in the low season. On the high-end of the market, a chalet can be let from €500 to €600 per night. There is a broad base of customers, both French and international, mostly families.
To make an investment in Châtel or in La Chapelle d’Abondance will grant you a diverse heritage, and a home base in the mountains with a good rental return. What more could you ask for? Ah, yes, if there is more you want to ask, everyone here at La Maison de l’Immo will be happy to answer all your questions.
