Real estate in Megève: the uniqueness and relevance of a niche market

The real estate market in Megève falls within the domain of high-end mountain real estate. While only the level of snowfall may deter potential buyers, the prices themselves come as no surprise and continue to rise. A smart investment and a true source of income, the real estate market in Megève offers significant relevance as a niche market.

Buying in Megève: 'Love at first sight' purchases

As the most sought-after resort in the Alps, with 3,300 year-round residents, Megève continues to attract attention. With an exceptional real estate portfolio, chalets, and apartments with unique styles, and a prime geographic location, purchasing real estate in Megève is a winning operation: both as a home base for family vacations and as a profitable real estate investment through rentals. With neighborhoods that are both diverse and imbued with the same typical mountain home charm, Megève offers the opportunity to make a 'love at first sight' real estate purchase without making a mistake.

Historically, a strong market for second homes due to a local clientele

Megève has long been a key real estate market for a local clientele. In many cases, Swiss, British, and French investors seek to buy a second home in a place that has it all, offering both tranquility and vibrancy. The second-home market has been strong for years, as it aligns with a lifestyle that combines a return to nature, a wide range of sports activities, and a deep connection to the outdoors. It’s no surprise that in 2018, a 20% increase in second-home purchases was observed compared to the previous year.

A new zoning plan reshapes the market and expands the offering in the new-build segment

In the past two years, the ALUR law and the new zoning plan (PLU) have revitalized the real estate market in Megève. Thanks to these changes, an additional 300 new apartments were put up for sale, and permits for co-owned properties were submitted. This has reshaped a real estate market that had been slow-moving for several years. This trend has attracted a new clientele eager for new homes that combine accessibility and energy efficiency.

Tax advantages and significant potential for rental profitability

With the ability to rent out the property for several weeks a year, the rental profitability of a mountain property is high, with a rate ranging between 2.5% and 4%. Moreover, furnished seasonal rentals offer attractive tax benefits: under the Non-Professional Furnished Rental (LMNP) scheme, a new property allows for the recovery of 20% VAT if the tenant benefits from three of these services: linen, breakfast, reception, or cleaning.