Market thoughts: this year’s luxury ski chalet hunters14 June
Nicholas Leach, Partner at Athena Advisors and ski property specialist gives his views on what’s happening in the French ski property market this season. Top end chalet hunters… “Whether they’re buying new or renovating, clients at the very top end of the ski chalet market are now split into two groups. Firstly there are those who want to tailor everything themselves and then you have impulse buyers, buying ‘off the shelf’ chalets created by sought after developers.” “Either way, all clients at this end want the latest in design and technology. It has to be original and distinctive so that it is set apart from the rest.” Hot tubs and spa’s are now par-for-the-course…. “Hot tubs, après-ski bars and wellness facilities are now simple must-haves, it’s things like exterior under-floor heating, alternative sports facilities and behavioural lighting which are the new desires.” “It’s not all simply about personal enjoyment and satisfaction, top end buyers understand that a more luxurious property will command a higher rental for bookings. The chalet rental market is extremely demanding and only a few properties in each resort can compete at this level.” “A popular trend at the moment is putting iPads in the walls of most rooms so clients can have webcam access to their property.” Chalet Husky in Val d’Isère is a good example of the new breed of ski property available. At €12m Chalet Husky is a 7 bedroom 609 sqm property by the sought after developer Jean-Charles Covarel. It features a 32 sqm swimming pool with glass walls and waterfall, 27 sqm two storey indoor garden, 4.5m climbing/shooting room. The property also boasts other added touches like exterior underfloor heating on driveway and pathways, and iPads for home automation in walls of all rooms. Feeling inspired? Take a look at our Val d'Isère real estate portfolio.