Conference: Investing in the mountains: the Swiss and French Alps
Perspective
30/04/2019
On Friday 26 April 2019, a unique conference was held at the B19 Business Club in Brussels to best advise clients looking to invest in the Swiss and French Alps.
INVESTING IN THE MOUNTAINS The Swiss and French Alps
The conference began with an initial presentation of the luxury real estate sphere and the changes in its client population, as outlined in the BARNES GLOBAL PROPERTY HANDBOOK:
Luxury real estate: an extension of the entrepreneurial spirit
UHNWI: steady growth in the number of high-wealth individuals
All of the most popular mountain destinations were featured at this conference: Verbier, Crans-Montana, Gstaad Valley for Switzerland, and Megève, Chamonix, and Les Aravis for France
During the conference, the Group presented its three main real estate agencies, the cultural life and sports at the Savoyard village, and its development projects.
CHAMONIX - WORLD CAPITAL OF MOUNTAINEERING
• A cosmopolitan sports resort: a new project —> replacement of the La Flégère cable car with a gondola lift
Year-round activity —> project : : opening of a new MontBlanc Collection boutique-hotel in spring 2020, in place of the current Chamonix bowling alley -> opening of the hotel ‘La Folie Douce’
Lively cultural scene —> development of the ‘Magic’ and ‘Musilac’ festivals
Stable and highly competitive market: strong growth in demand
French and international clientèle
Prices that vary by sector: (Les Praz - Les Bois; Les Nants; Les Houches)
MEGÈVE - ELEGANCE AND DISCREET LUXURY
Construction of 4 and 5 star hotels —> Four Seasons, Millésime, Hilton
New high-end developments —> Les Parcs du Mont d’Arbois, Les Lodges du Mont d’Arbois, La Tourmaline, Eskape, Gypaète, Mageva, Stallion
Evasion Mont-Blanc ski area —> 450km of slopes
Year-round events —> Winter Golf Cup, Jumping, Toquissimes, Jazz Festival
French and international clientèle
Prices vary by sector
LES ARAVIS - SPORTY YET FAMILY-FRIENDLY
Technical skiing and freeride/freestyle —> 400km of downhill ski slopes, 220km of cross-country ski slopes
BARNES Switzerland gave us an overview of the specific characteristics that make Switzerland so attractive: Economic and political stability, geographic location at the centre of Europe, unrivalled quality of life and security, cities with an international outlook, quality of education and training, and magnificent ski areas.
The three BARNES Switzerland estate agencies each presented their sectors, their cultural life and sports, the specific features of their resorts, and their international clientèle.
VERBIER - THE ONLY WAY IS UP
The resort of the royal families, popular among celebrities and sports enthusiasts —> discreet and authentic luxury, wide range of bespoke services
Construction of hotels, clubs and restaurants —> Hotel W, Mandarin Oriental —> lively nightlife/gastronomic experiences
Regulated urban planning
Cultural life and sports —> ski area connected to the 4 Valleys —> new sports centre and ice rink, Jumping —> music festival —> Lémania international school
International clientèle: British (majority), Scandinavian, French and Belgian
Prices that vary by sector: —> most popular neighbourhoods: SONALON, for its commanding view and its luxury chalets LE HAMEAU, for its cosy atmosphere and direct access to the slopes
GSTAAD VALLEY - CHIC CHARM AND DISCREET LUXURY
Refuge and haven of peace for celebrities —> sound investment
Hotel development —> Alpina and Ultima in Gstaad —> renovation of the Hotel Valrose in Rougemont
Very active social life —> pedestrian promenade (where a BARNES agency has recently opened) —> Le Rosey international school —> music festival
Very wealthy international clientèle (especially European) looking for alpine authenticity
Pays-d’Enhaut (Gstaad, Rougemont and Château d’Oex) —> authenticity and landscapes of the Alpine foothills —> close to Gstaad (Canton of Vaud) —> lower prices
CRANS-MONTANA - URBAN LIFESTYLE
Urban lifestyle in the mountains —> dance floor at the top of the slopes —> the resort is modernising in order to retain the business of wealthy international clients
Hotel developments —> Ambassador —> Six Senses hotel-residence: 17 luxury apartments between 220 and 340 sq.m., ski in/ski out, with 5* hotel services and a world renowned Six Senses Hotels Resort spa (delivery summer 2021)
International school —> Régent
International clientèle: Swiss, French, Italian and Belgian