Is a rental apartment in the French Alps a good investment?

Alpine apartments in 2021 don’t match the stereotypical image that many skiers of a certain age may hold. In fact, several long-established, well-respected Property Developers are putting together some stunning apartment programmes in popular Alpine resorts. With key facilities and features included in the off-plan purchase price, an apartment may well be a viable option for your property rental business. 

Are you considering investing in an Alpine rental property? Is a ski apartment a good investment? Below, our Estate Agency and Property Developers partners tell us about the benefits of buying an Alpine apartment…

5 good reasons to consider investing in a rental apartment in the French Alps

1. Minimise the risks as you test the waters.

Will the Alpine dream lifestyle really suit the whole family? Some buyers prefer to buy an apartment first because they see investing in an apartment as a cheaper and less risky option, compared to taking the plunge and investing in a chalet. Demand for properties for sale (chalets and apartments) is still huge in autumn 2021 according to our estate agency partners. 

Depending on the resort you are interested in, there may be more supply and choice of new-build apartments available to buy, at the “right” price, than chalets. 

Are OVO Network guests interested in booking apartments? Our statistics show that demand for smaller capacity rental properties is strong for autumn and winter 2021/22 – some guests prefer to continue to keep their distance.

Maison Keryaute is a stunning 5 star apartment for 6 in Sevrier, a 200m walk from Lake Annecy.

2. Earn a solid return on investment

We have apartment owners who see the same return on their investment as some of our chalet owners. Owner targets may vary depending on a whole range of factors (ie owner own use, owner targets, location etc) but nevertheless the income can be very interesting. 

Before deciding which type of Alpine apartment to buy and operate, buyers need to consider:

  • the types and frequency of bookings each property typically attracts
  • the associated running costs
  • personal taste
Some chalets are split horizontally into apartments, such as the fabulous Tournette in Manigod.

3. Benefit from guaranteed good quality materials, fixtures and fittings

Many high-end apartment renovations and new build programmes include the following:

  • secure or off road parking
  • security shutters
  • video or key code door entry systems
  • lifts
  • ski and bike stores 
  • secure “caves” where owners can keep their own personal belongings
  • private outdoor spaces ie balconies and terraces
  • landscaped gardens
  • kitchen and bathroom fittings supplied by reputable high-end brands 
  • fire places / wood burners (in line with new building regulations which will come into force January 2022)
  • hot tubs
  • saunas
Chalet Lydie in Manigod is one half of an old renovated farm, split into two apartments vertically.

4. Minimise responsibility for and share the cost of maintenance bills 

For some owners, (especially foreign investors who may not speak French), knowing that the local building management company has responsibility for key maintenance tasks is a huge relief and gives peace of mind. 

Apartment owners pay a service charge to the building management company. Sharing maintenance costs with neighbours appeals to many owners. Many people would rather avoid spending their precious holiday tasks taking care of tasks such as…

  • snow clearing
  • gardening
  • landscaping
  • maintenance and weather-proofing of exterior areas 
Several floors above one of the most famous ice cream parlours in Annecy, Swansdoors is a stunning apartment built into the medieval city walls in the old town.

5. Peace of mind – just lock up and leave 

One key factor which appeals to many owners who purchase apartments is the fact that security shutters, alarm systems and high security front doors are included as standard. Plus, living in an apartment sometimes means it’s easier to organise regular management checks, and that close neighbours who may live in the programmes year-round might also keep an eye on your property.

Plus, and perhaps most importantly of all, apartments are easy to walk away from at the end of the holiday. Some second home owners simply prefer to simply lock up and leave.

The views of and from Capieu Le Barn make this apartment an excellent rental , so a fantastic investment.
The view from Chalet Capieu – Le Barn is so special. One of four apartments in an old alpage actually on the piste, staying in Chalet Capieu – Le Barn is an absolute treat. Especially the views of the piste from the hot tub…
Investing in a rental apartment in the centre of La Clusaz makes complete sense when it looks like Chalet Artedaz!
Chalet Artedaz encapsulates all the charm of a traditional ski chalet in a smaller, more manageable property in the centre of La Clusaz.

Next time round we share our feedback on what makes an ideal holiday rental apartment investment.

About Author

Hi, I'm Karen, I'm part of the OVO Network sales team. I've lived in Manigod since 1999 with my family, and love sharing this amazing part of the world with friends and family!