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While chalets in many Alpine resorts are getting more expensive, real estate prices in ski megève remains at the same level, writes The New York Times. The average cost chetyrehspalnyh Chalet in Megeve — 13 700 euros for «square».

Chalet with four bedrooms in the popular resorts in the French and Swiss Alps, such as Val d’isere and Chamonix, rose by more than 2.5% from June 2018 to June 2019. The prices in Megeve remained at the same level, says Roddy ARIS, a partner at Knight Frank.

This is because Chamonix and eight resorts in Les 3 Vallées are still ahead of Megeve investments, says ARIS. Also plays a role that the ski season in Megeve is one of the most short — about 18 weeks.

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According to a report by Knight Frank, a Chalet with four bedrooms in the centre of Megève is 13 700 euros per square meter. In Mont d’arbois, one of the most exclusive areas, prices reach 20 — 25 thousand Euro per square meter. New apartments in the centre of the resort cost around 15 thousand euros per square meter, and on the outskirts can be half the price.

Megeve is a traditional Alpine farming village in the Haute-Savoie Department in France. The population of the commune was only about 3 thousand people. However, in winter and in summer it increases by tens of thousands. Megève is considered the first ski resort in the Alps, conceived in the 1920-ies as an alternative to the Swiss Saint-Moritz.

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Brokers say that housing prices in Megeve remained stable in the past year. The opening of the Four Seasons hotel in 2017 and increasing tourism investments stimulated the market. According to a report by Knight Frank, the number of tourists visiting the French Alps during ski season 2018-2019 year, increased by 5.3 % compared to last year.

«The prices here dropped about four years ago because we had no new restaurants, hotels, investors, so people began to travel to other ski resorts such as Val d’isere, Meribel, Courchevel,» said Nicholas Graillat, real estate agent John Taylor Megève. «But since then, as he opened the Four Seasons, many investors came to Megeve, and it has really helped the market,» he added.

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Most home buyers in Megeve — the French themselves. According to brokers, many foreign buyers come from Geneva, which is only an hour away. International clients also come from Italy, the UK, Belgium, Holland, Turkey, Australia and Brazil. Middle East — a growing market: there is a high demand from the residents of Dubai and the United Arab Emirates, say the brokers.

Source: The New York Times

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