Real Estate in Chamonix
Antoine Immobilier
85 Rue du Dr Paccard
74400 Chamonix
Mont-Blanc (F)

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Special report real estate - 29.08.2017

Article Dauphiné Libéré

February 2017 - The evaluation of a property in Chamonix

Part of our mission is to evaluate real estate assets to determine their selling price.

It is a delicate exercise that must take into account the analysis of very precise data such as physical factors (current and potential state of the property, habitable surface, weighted area, architectural quality, quality of materials, maintenance, location, neighborhood), legal data (land zoning, exposure to natural hazards, tenure of the property), and economic data (market trends, changes in interest rates Borrowing, the trend of the Euro against foreign currencies, taxation, the rental market trend).

We use different approaches to efficiently "capture" the value of a property, the main one being the comparative method of comparing real property with other similar properties to deduce market value or market value, Difficulty in Chamonix being to find comparable properties.

In addition to the method of valuation by comparison, one can also apply the method of discounting income, many goods generating rental income.

Currently, market conditions are boosted by several factors: the attractiveness of the chamoniard market, which is assimilated to a safe haven in this uncertain economic climate, historically low borrowing rates and a rental return boosted by the short-term rental demand. However, even if our approach is complete, the real estate market is under such pressure that the owner who intends to put up for sale his apartment, his land or chalet in the Chamonix valley is afraid to sell it and therefore, tends to overestimate it preferring the strategy of "waiting for an offer".

In the case of borrowing (and in view of the rates, this is quite common), we note that the bank is increasingly calling on evaluation experts. Indeed, in a highly competitive market, bank margins are reduced and banks can no longer afford to provide financing if the collateral has been overvalued. It is at this point that the logic of the market naturally recovers. Thanks to these rational and objective assessments, the seller is confronted with the real value of his property and the buyer is reassured that he does not overpay. Often, these appraisals are in line with our opinion of value. There is therefore a return to a healthier basis and this situation has the effect of limiting the speculative bubble.

It should be added that the fight against money laundering and tax evasion has eliminated "payers". We see a return to rationality because banks that only finance goods whose prices correspond to the true value: the prices of goods presented in the windows or on the internet are far from the prices of the transactions.

Sole Agency properties
Beautiful property on a large plot of land
Living space area 200 sq/m + workshop 50 sq/m
Large terrace and garden with great views
A few steps from the centre of Chamonix
Floor space area 19,5 m² + balcony 4,2 m²
Annual condominium charge 865 €
In a recently built residence
Floor space area 48 sq/m opening onto a terrace
Comes with an indoor parking and a cellar
Recently renovated apartment fully equipped
Floor space area 33,20 sq/m
Cellar 2,15 sq/m and outdoor parking
Spacious apartment (98 sq/m) + balcony
Panoramic views and lots of natural light
Garage, parking and cellar
2 floors apartment with garage and cellar
Very quiet terrace and small garden
Recently built residence close to the ski slopes
Next to Les Grands Montets ski slopes
Floor space area 35 m² + balcony
Annual condominium charges 1700 € / year
Floor space area 110 m2 (66 m2 loi Carrez)
Very cosy, looks like a chalet
Annual condominium charges 1200 €
75 sq/m apartment with garden and garage
Located in Plaine des Praz
Panorama views and very sunny area
Sough after area in Les Moussoux
Possibility to build a chalet of 200 sq/m
Breathtaking views on the full range
Floor space area 75 m² + balcony
Sold refurbished and fully fitted
Annual condominium charges 3 288 € p/y