The year 2021 was a record-breaking year for the real estate market across the territory. In the Chablais area, the market remains more dynamic than ever. Insights into the situation with David Jaillet, Director of the Imogroup agencies in Thonon and Evian.
Main Trends in the Real Estate Market
“ After a record year in 2021 where the number of transactions skyrocketed, demand slightly decreased in the first quarter of 2022. “ starts David Jaillet, before continuing “ The trend remains positive, even though the supply of properties is decreasing while demand is increasing. The slight increase in rates may be a direct consequence of this trend. “
David is reassuring about the rates situation: “ It's still too early to sound the alarm. Rates have slightly increased but remain very low, which is still very attractive for prospective buyers. “ In the secondary market, the main concern is the lack of properties for sale: “ We have more requests than offers in the secondary market. “
Regarding prices, they vary greatly: “ in new developments, apartments start from 4,000 € per square meter in Thonon and 5,000 € for Evian. However, many factors can vary this figure, such as the location, the immediate environment, even the view. Hence the importance of relying on the expertise of a professional to resell at the right price. “
Is There Seasonality in the Real Estate Market?
“ In spring, properties present themselves in their best light, and we indeed notice more properties for sale during this period. However, we carry out transactions all year round. “ Reassures David Jaillet.
Is It the Right Time to Get Started?
“ Absolutely! It's always the right time to have a project “ affirms David. “ We still meet a sustained number from new buyers, and the market remains more than dynamic. “ There is therefore no risk in embarking on a sales project, especially under an exclusive mandate: “ If the price is coherent and everything is implemented to market the property (advertising, quality of the listing, distribution, etc.), a seller can sign a compromise quickly. At Imogroup, we commit to selling a property within 90 days. “
The same applies to prospective buyers. “ As soon as a buyer starts to amortize their capital, that is, pay back their loan, they will build up an asset that will increase in value year after year, all while staying at home. “
Thonon & Evian Offer Great Opportunities for Investors
The Chablais stands out for its exceptional location, on the shores of Lake Geneva and close to the peaks and Switzerland. Beyond its tourist interest, the Chablais has a strong economic attractiveness, boosted by the cross-border market. “ As a result, there are always new arrivals wanting to settle in the territory, looking for a rental. This significantly reduces the risk of vacancy. Moreover, towns like Evian or Thonon are eligible for the Pinel scheme. ” states David Jaillet.
“ It is preferable to choose type 2 or 3 apartments, that's where there is the most demand. Unsurprisingly, the most sought-after properties are those close to shops or train stations, benefiting from features like a parking space or garage. “ With a rent estimated at the right price, a landlord will have no trouble finding a tenant.
