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.

Featured properties
Studio facing Mont Blanc
Floor space area 17,33 sq/m + garage
Annual charges 1 165 € heating included
Studio with balcony South direction
Very sunny, panoramic views
Annual condominium charges 1 760 €
Apartment of 72 m² newly renovated
Quiet area with and great views
Indoor and outdoor parking, cellar
Surface of 48 sq/m and 40 sq/m garden
Centrally located in a quiet area
Indoor parking and cellar
Totally 150 sq/m with a terrace
Needs to be fully renovated
Lots of character
Property evaluated by a certified expert
Floor space area 160 sq/m + garden
3 en-suite bedrooms with dressing
South facing with great views
Built on a plot of land of 640 sq/m
Floor space area of 250 sq/m
Built on a 1700 sq/m plot of land
Living space area 200 sq/m + study
Valued by an independent surveyor
Chalet built in 2004
Floor space area 130 sq/m
3 en-suite bedrooms and bunkbed bedroom
On the sunny side of the valley
Chalet 145 sq/m on a plot of land 1 060 sq/m
Close to the centre (1 km)
Living space of 320 sq/m
8 bedrooms en-suite
Recently renovated
Sunny side of Chamonix
Plot of land 2,600 sq/m
Sough after area close to the centre