SeLoger’s study of 100+ French ski resorts shows a -0.4% yearly dip but strong long-term gains; Courchevel leads at €14,190/m² as Alpine price gaps widen.
As winter buzzes across the slopes, a new SeLoger study confirms that mountain real estate is following a different path than France’s traditional residential market. Surveying more than 100 ski resorts, the annual report shows a slight average price decline over the past year but underlines robust long-term growth and growing disparities between destinations.
Overall picture: short-term softness, long-term resilience
SeLoger reports an average price fall of 0.4% over one year across in-resort properties, yet the snapshot masks major contrasts. Many mountain destinations continue to enjoy steady appreciation over five years, suggesting enduring desirability for second homes and high-end alpine residences.
The Alps remain the heavyweight
The Alpine massifs still command the highest values in the mountain market, led by the Northern Alps where the gap between apartments and chalets is most pronounced. In the Northern Alps, apartments average €6,133/m² while chalets reach €7,573/m². Combined prices dipped marginally by 0.2% year-on-year but show solid five-year growth of +19.5%.
The Southern Alps present more moderate levels — around €3,066/m² for apartments and €3,537/m² for chalets — and experienced a sharper annual decline (-3.6%) but a healthy +14.4% rise across five years. These variations between property types and sub-regions help explain the wide dispersion of prices across resorts.
Top-end resorts rival France’s priciest residential markets
Prestige Alpine resorts concentrate the study’s highest valuations. In the 2026 ranking, Courchevel sits at the top with combined apartment and chalet prices of €14,190/m², followed by Val d’Isère at €13,028/m². Megève has climbed into the top three, while Méribel has slipped out this year. Listings on specialist platforms such as Belles Demeures highlight the ultra-luxury standards in these resorts — large volumes, premium architecture, wellness facilities and sweeping mountain views.
More accessible—yet varied—markets outside the Alps
Beyond the Alps, prices are generally much more affordable but vary by massif. The Jura posts a hybrid average of €3,420/m² (apartments €3,255/m²; chalets €3,836/m²). The Pyrenees average €2,672/m², the Massif Central €2,503/m² and the Vosges €2,458/m². Le Lac Blanc in the Vosges stands out as the most affordable resort in the study at €1,212/m², underscoring how wide pricing gaps can be between mountain destinations.
What this means for buyers and investors
SeLoger’s findings point to a segmented market where location, property type and resort prestige strongly influence performance. For buyers seeking long-term value or lifestyle assets, top Alpine destinations continue to offer durable capital appreciation. Buyers on tighter budgets may find more accessible options outside the Alps, but should expect wider variance in liquidity and seasonal demand.
With mountain resorts remaining popular year-round, market watchers will be looking at how micro-local factors — new projects, transport links and resort-level amenities — shape price dynamics going forward. SeLoger’s full report, covering 100-plus resorts, remains a key reference for anyone tracking French mountain real estate trends.
