This is a rare opportunity to purchase a new-build apartment, close to the centre with views over either the village or the Linga and Abondance valley at a record price in a dual-season resort.
Why is this opportunity so exciting?
Châtel has a truly Alpine spirit with very traditional architecture. Its recent success among both tourists and locals has meant that more and more new constructions have arisen in the village. For this reason, the town hall has ceased to issue building permits for new-build properties. This means that this development is certainly one of the last new-build opportunities in years to come.
At just a 10-minute walk from the village centre, these apartments for sale all benefit from exterior space, some with jacuzzis on their terrace, and the development boasts stunning views over either the village or the Abondance valley and the Linga.
What’s the investment potential?
An opportunity at this price doesn’t arise on the market often, especially with the new restrictions that the town hall has put in place. A new-build project with such level of finishes can sometimes reach €8,500 per sqm in Châtel, whereas these apartments are priced at an average of €6,000 per sqm - one of the most well-priced projects in the resort currently. Compare it with Châtel’s neighbours Les Gets and Morzine where property prices can go up to €13,000 and you will understand that this is like finding a needle in a haystack.
For these apartments, the 20% VAT of the purchase price is also refundable if you decide to rent your property and use certain rental management services.
What about the properties?
An intimate project of just 22 apartments, these one to four-bedroom apartments will be delivered with fully-equipped kitchens, spacious living areas and high-spec bathrooms with a whirlpool bathtub. Alongside the option to work with an interior designer to personalise the interiors, every apartment will have exterior space and light-filled interiors owing to large windows, whilst some will also boast a jacuzzi and a fireplace.
In front of a bus stop with a free service to take you to the pistes and the centre of the village, the residence is just three minutes away from the village and its amenities by bus (or car), or a ten-minute walk by foot.
Châtel is part of Les Portes du Soleil, one of the largest ski domains in the world, composed of more than 650 km of pistes in 12 resorts. Benefitting from a microclimate which guarantees decent snowfall all year round, Châtel is also close to Geneva Airport. The increasingly popular resort has recently undergone a series of infrastructure and service improvements including a new aqua centre and a ski lift to Super-Châtel.