Global Getaways: Luxury Rental Spotlight On Méribel, Megève, And Courchevel
June 01, 2023 - France
Take a look at three destinations with a thriving luxury rental market and hear directly from Olivier Roche, CEO, Méribel 3 Vallées Sotheby’s International Realty, Courchevel Sotheby’s International Realty, and Megève Sotheby’s International Realty, about why one of these popular destinations for tourists may be the location for your next rental investment.
Sotheby’s International Realty (SIR): What sets rental properties in your country apart from the rest of the world?
Olivier Roche, CEO, Méribel 3 Vallées Sotheby’s International Realty, Courchevel Sotheby’s International Realty (OR): We offer unique properties in some of the most attractive ski resorts. Méribel and Courchevel are both situated in 3 Vallées, the world largest ski area, and Courchevel is well-known around the world. Megève is noted for its atmosphere and its four seasons lifestyle.
SIR: What are the benefits of owning a rental property in your area?
OR: Owning a property in one of these three ski resorts is a really good investment right now. Because of the idyllic and popular location, you could rent the home at attractive prices and enjoy it during the low season. The mountains remain a safe place to invest.
SIR: What trends are you seeing in your rental market?
OR: We have always had interest from international buyers, but since the Covid pandemic, we have also sold many properties to French and European clients. There is a high demand for properties that are connected to the center village where buyers can enjoy the amenities there (shops, restaurants). Ski in/ski out properties are also desirable. Our clients prefer to be near everything and often request concierge services.
SIR: How does the rental market drive business for your company?
OR: The rental market is a real ‘levier’ for the sales department. In fact, many tenants become potential buyers. For example, one of our clients rented a beautiful chalet, made an offer at the end of his stay, and become the happy owner four months later. Also, buyers trust us and are comfortable giving us their properties to rent.
SIR: Any interesting or success stories about rental homes we can share?
OR: A few years ago we rented an incredible chalet to a famous American actor who was making a movie in the area.
Sothebys, Luxury Rental Spotlight