Espace Killy | Properties and Insights
Bringing together the resorts of Tignes and Val d’Isère, the Espace Killy offers 300 kilometers of marked slopes across a 1900-meter elevation range (1550 m – 3450 m).
Beyond these figures, the area is renowned for the high-quality skiing it provides to all styles of skiers.
It’s no coincidence that Espace Killy hosts (or has hosted) major global competitions: the World Cup, Olympic Games, and World Alpine Ski Championships in Val d’Isère, partially on the legendary Face de Bellevarde, as well as the World Freeride Championship and Winter X-Games Europe in Tignes.
Espace Killy | Our Property Insights
Investing in property in the world-famous Espace Killy ski area, whether it is in trendy Val d’Isere or in top altitude Tignes, that make up this magnificent ski area, presents a remarkable lifestyle opportunity for those seeking a home in a dual-season resort, perfect for ski holidays and active summer retreats (Tignes is very popular in the summer). Consider the following:
- Year-Round Appeal: Val d’Isere and Tignes attract visitors year-round for winter sports and summer activities, offering potential for consistent rental income.
- VAT Reclaim on New Builds: New property buyers may reclaim 20% VAT, subject to rental conditions. Prices have increased dramatically in the last 10 years at around 18,000-30,000€/m2 on average for new build, these are prices for the happy few.
- Resale or older properties for sale are rare and tend to sell quickly, therefore keeping property prices high. Expect 10,000-20,000€/m2 for a central property.
- Location and Accessibility: Easily accessible, these resorts offer varied altitudes and settings. You can access from Geneva (3 hours).
- Strong Rental Demand: High demand for rentals, especially for centrally located apartments.
- VAT Rebate for Rentals: Property owners who rent out can potentially recover a 20% VAT rebate on the price of a new-build property.
Overall, real estate investment here is an opportunity for a beautiful personal retreat in a super prime real estate market.
