They may be neighbors but they're still rivals. Courchevel, Méribel, and Megève attract demanding vacationers and investors looking for safe, long-term investments to generate short-term yields.
The costs of luxury mountain chalets have a tendency of flying high. Sales prices exceed tens of millions of euros, averaging around 12,000 to 20,000 euros per square meter (approximately 1,200 to 2,000 euros per square foot). When winter comes around, many owners put these exceptional properties on the rental market.
Whether you're a skier or investor, follow our trail to discover the beauty of renting a chalet in the mountains.
Luxury mountain chalet rentals: A concept that sells well
In Méribel, Courchevel, and Megève, luxury mountain chalets benefit from hundreds and hundreds of square meters of white fluff. But that's only 1 week out of the year. So how do chalet owners make their properties profitable for the remaining 51 weeks? Simple: Renting.
Now the follow-up question: To whom? Russian oligarchs, Saudi businessmen, and Swiss or French entrepreneurs are among the many that are more than happy getaway and spend a few days skiing with their families, tête-à-tête with the majestic Mont Blanc. Believe or not, the luxury mountain chalet rental market is a business that works.
In Courchevel, the heart of the famous Trois Vallées domain, private-owned rentals may seem superfluous because there are over 10 luxury hotels, and starred restaurants and spas by the shovel-load. Still, the fact of the matter is that many vacationers want to be able to enjoy the luxury of a 5-star hotel in the comfort of their own home, or something close to it.
A charming chalet to share
Rental chalets are like your home away from home. However, these luxury chalets offer a star-studded experience worthy of an entire constellation: enormous chalets that expand over several hundred square meters, often equipped with a wellness room and the masseur to goes with it, a gleaming professional kitchen and the chef that goes with it, a half dozen rooms and the housekeepers that go with it, a home cinema and movies that go with it, and a gym and the abs ... ah nope, nothing we can do for you there.
Megève is well known and especially appreciated by high society. After all, it follows the footsteps of the Baroness of Rothschild, down the to the slopes and into the luxury boutiques. Today the real estate market is in full swing. As new chalets bloom out of the snow and investors offer all-inclusive luxury, tenants are only responsible for putting on their ski suits.
In the high season, these exceptional properties are rented for between 20,000 and 50,000 euros per week. This includes access to Courchevel's 600 kilometers of slopes, Megève's 221 slopes, not to mention an endless stream of mulled wine. So are you booking now or later?
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