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Courchevel. How Things Work in an Elite French Resort

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Courchevel is one of the most famous and prestigious ski resorts in the world. It is located in the French Alps, in the heart of the Tarentaise Valley. We know that people come here to ski and snowboard, but how does ordinary, everyday life in Courchevel look like? We asked Hubert Gallart, CEO and Managing Partner of Barnes Moscow a few questions about this.

History of the Resort

Courchevel was not a prestigious ski resort until late 1940s.  It was an ordinary mountainous area. Оf course some skiers came in the winter, but during the summer period local shepherds grazed cattle here. Only in 1946, the General Council of Savoy (an area in southeastern France, at the foot of the Alps) proposed to turn the modest commune into a robust ski resort.

The location became popular immediately - and not only due to its location, but also due to serious work on the trails. Then the study of the local slopes, mapping and the creation of a plan and concept of the resort was taken up by a keen skier, architect and urban planner Laurent Chappis. He even wrote a book!

According to Chappis’ idea, the station had to meet two requirements:

  • to allow people quickly find themselves in the ski area. The ski in / ski out concept means that the trails start and finish at the doorsteps of the chalets and apartments.
  • to have a common point of intersection. The idea is that all the trails should cross in one lively center, bordering the ski slopes, where tourists can relax and enjoy their stay in the mountains.

This concept was truly innovative - the skiing area ceased to be just a slope, but became a full-fledged complex with the entire specter of infrastructure. The implementation of the idea was so successful that other resorts began to copy it.

The development of Courchevel continues even today: good maintenance of the slopes, the latest systems of the ski-lifts, professional instructors and lifeguards, the top-ranked hotels, Michelin restaurants, boutiques ... All these factors help Courchevel to  keep the status of the most prestigious, comfortable and well-designed resorts in terms of infrastructure.

Also read: The Principles of Ski Property Investments

How to Get to Courchevel

By plane

  • In Chambery (110 km)
  • To Geneva (149 km)
  • To Lyon (187 km)
  • To Grenoble (180 km)

Altibus shuttles make scheduled trips from everywhere, and AGBus run from Grenoble airport.

Courchevel also has its own airport in the mountains with a very short runway. However, it only accepts private jets and helicopters. Therefore, truly wealthy people may afford to use it.

By train

The closest railway station to the resort is located in Moutiers, 30 km away. High-speed trains arrive here from Paris (4.5 hours) and even from London (8 hours), as well as regular trains (from Brest, Le Havre, Versailles, Poitiers, Tours and other cities). Travel time from the station is about half an hour by taxi or bus.

 Courchevel, France

What is Courchevel Today

Courchevel is part of the ski resort Les 3 vallées ("Three Valleys") - it is associated with the resorts of Méribel, Val Thorens, Les Menuires and Brides-les-Bains.

In the common sense Courchevel is one point with slopes going down in different directions. In fact, these are six villages located one after another at different levels. You may move between them by means of ski lifts or by free buses.

Saint-Bon, 1100 m

In fact, the history of the resort began from here: the first hotel Lac Bleu ("Blue Lake") was built here in 1908. Now it is a small but fully functional town where you can live all the year round - there are schools, clinics, shops, and even a baroque church, included in the list of historical monuments.

Most of the people here are locals, the majority of them live at the expense of tourists - they run  restaurant business, rent out housing, own shops, work at the stations, and so on.
There is a free shuttle from Saint-Bon to the next peak - Le Pra, it is located a few minutes away.

Le Pra, 1300 m

The second level of Courchevel also proposes year-round living. The small houses and chalets are built along the winding narrow mountain streets. Despite the fact that it is a classical village with a rural flavor and steady way of life, the French ski jumping center is located here. The are ski jumping boards which were used in the  Olympic Games of 1992 (although some of them were built in the 40s of the last century) as well. 

You may get to the highest point of the resort – the station Courchevel 1850 in just eight minutes by a free shuttle bus or cable railway and ski back down.

Note

The first two stations are locations where people live permanently. Most of the population are locals with a very small percentage of visitors. The popular tourist destinations are located higher.

La Tania, 1550 m

It is the youngest ski resort in the Saint-Bon Valley and it was opened during the Olympics games in order to accommodate athletes and media representatives.

The resort is very small and cozy and specially designed for pedestrians. You are allowed to come here by car, but you will need to leave it in the parking lot at the entrance. There is a green area around with the Folière trail runs. Snowshoeing and hiking trails, paragliding and ballooning are also available.

This location for recreation is often chosen by families with children. Numerous entertainment programs are held for them here. In addition, there is a ski kindergarten and a sports club for children from 6 to 11 years old.

The place is considered optimal in terms of prices and quality.

Courchevel-Village, 1550 m

The village is located at the foot of the ski area. The highest point of the resort - Courchevel 1850 is only two minutes away by cable railway. In addition, it is easy to get to other resorts of the Three Valleys and to the Aquamotion water park. You may even walk to the waterpark, as it is only 600 meters away.  
There are shops, hotels and restaurants with a simple and cozy atmosphere in the center of the village.

Courchevel-Morion, 1650 m

Morion is a place to rest. After a productive day on the slopes (by the way, they are mostly simple and suitable for beginners here), you may spend time in one of the many bars, pubs and restaurants. It is a gastronomic paradise with an English pub, an oyster bar, a Savoy  cuisine cafe .

Courchevel 1850

It is the most popular resort in the region. Everything is here: the most luxurious hotels, Michelin restaurants, night parties, the best facilities, designer boutiques. 
The resort has gained its notable reputation due to this highest station of Courchevel.

But the main pearl is nature. The two ski lifts will take you to the top of Saulire, the highest point of the resort, located at an altitude of 2738 m.

And Courchevel 1850 differs from its lower counterparts in the variety of buildings. At the rest of the stations, the buildings are mostly of the same type.

Here you may find multi-level houses and chalets, luxury hotels, small rustic-style houses, compact studios and spacious apartments.

Courchevel Summer Activities

Hubert Gallart
CEO and Managing Partner
Barnes Moscow

Winter in Courchevel is traditionally the highest season. However, the resort is extremely popular in summer too. The fans of mountain air and nature walks prefer to spend this time in Courchevel. Instead of skis and snowboards, people choose hiking, cycling and horseback riding, excursions, golf courses, swimming pools, spas, shopping, restaurants ...
Due to some natural features, a slight decrease in the tourist season occurs in autumn and spring, but it is beautiful even at this time of the year in the mountains!
In general, Courchevel is a year-round resort. Regardless of the tourist flow, local residents feel very comfortable: all the infrastructure is available, as well as the infrastructure of the large cities nearby (for example, Moutiers), you may reach them in literally an hour.

How Does Real Estate in Courchevel Look Like?

The building landscape of Courchevel is mostly low-rise hotels and chalets. There are also high-rise buildings (eight - ten floors) here, but they were built much earlier- now there is a ban on such construction here. The law is very strict: everything should be in harmony with nature and the landscape and should not block the view.
The housing is usually very decent inside. 
New buildings are put into service by developers fully finished, as elsewhere in France, even with a built-in kitchen. The owner only needs to purchase the furniture.

Most of the properties are offered with high-quality repairs, it is almost impossible to find one that still needs finishing. Such variants are regarded as a stroke of luck, since finishing may serve as a reason to reduce the cost.

A typical request from foreigners today is an apartment of 70–150 sq.m. Then there are spacious (200-250 sq.m) and huge (350-500 sq.m) chalets. The latter are already non-standard requests. In addition to their high price (available upon request), they are not always available on the market.

As for the districts, they are all prestigious here - you may buy real estate everywhere. There is no crime or lack of infrastructure. Although buyers are less interested in high-rise buildings, there are no bad locations here.

Hubert Gallart
CEO and Managing Partner
Barnes Moscow

The real estate market in Courchevel is rather closed. There is lack of supply, and there are fewer and fewer options every season. It is not easy to obtain information about the properties on your own, as well as to purchase them. The agent is needed even to buy an ordinary studio, let alone exclusive options ... Not every realtor is able enter the market and find valuable information there.
If we talk about purchasing hotel real estate in Courchevel, it is only available through single brokers. However, according to our own experience, we can say: you may find it. The main point is the amount involved!

Here is what's on the market right now
Chalet for 12 000 000 euro in Courchevel, France
12 000 000 €
Chalet in Courchevel, France
938 sq.m
France Savoie department, Rhone-Alpes region Courchevel ski resort New chalet in Courchevel Stunning new 6-level chalet in the center of the elite ski resort of Courchevel. Location: 1850 Courchevel The area of the chalet is 938m2: 6 bedrooms with private bathrooms and dressing rooms, living room with fireplace, dining room, swimming...
INDOM
Chalet for 16 000 000 euro in Courchevel, France
16 000 000 €
Chalet in Courchevel, France
675 sq.m 8 6 6
The modern chalet is located on the slope of the Alps in the ski resort Courchevel 1650. The chalet has a luxurious spa area with a swimming pool, Jacuzzi, steam and sauna. The chalet includes 6 bedrooms, 6 bathrooms, 2 living rooms, a terrace. Features: Mountain view Spa area Garage Elevator Ski-in/Ski-out rsi180866
NF Group
Flat for 1 520 000 euro in Courchevel, France
1 520 000 €
Flat in Courchevel, France
110 sq.m 3 3
Exclusive development is a luxury residential complex of 7 apartments in Courchevel, in one of the most prestigious and affordable areas – Le Praz. The complex is equipped with an elevator, all apartments include balconies. Buyers can request a VAT refund (20%) from the asking price if they switch to the rental system. rsi180024
NF Group
Flat for 890 000 euro in Courchevel, France
890 000 €
Flat in Courchevel, France
67 sq.m 2 2
The chalets and apartments will be located in the heart of Courchevel in a new exclusive residential complex. The complex will include 10 modern apartments ranging from 67 to 158 sq. m. m and 7 exquisite chalets ranging from 85 to 278 sq. m. Commissioning date: Q4 2020. rsi190086
NF Group
Flat for 910 200 euro in Courchevel, France
910 200 €
Flat in Courchevel, France
64 sq.m 2 2
The apartments are located in a new residence in the heart of Courchevel, within walking distance of the ski slopes.The complex includes 7 double apartments with panoramic mountain views.All apartments include parking spaces and a storage room.The apartment has an entrance hall, a guest bathroom, a living room, 2 bedrooms, 2 bathrooms and a...
NF Group
Apartment for 1 050 000 euro in Courchevel, France
1 050 000 €
Apartment in Courchevel, France
3 2 2
Luxury apartments are located in the heart of Courchevel. The apartment includes an entrance hall, an open-plan living room combined with a fully equipped kitchen and dining room, 2 bedrooms and 2 bathrooms.The price of the apartment includes a parking space.
NF Group
Flat for 2 020 000 euro in Courchevel, France
2 020 000 €
Flat in Courchevel, France
1 sq.m 3 3
Luxury residence in Courchevel consists of a beautiful 10 apartments with 3 bedrooms. The residence is located in the heart of the Courchevel Moriond ski village with many shops, restaurants and access to the slopes. Two 3-bedroom apartments (one of them is a penthouse) include a living room with an open plan kitchen, a bathroom and a storage...
NF Group
Apartment for 945 000 euro in Courchevel, France
945 000 €
Apartment in Courchevel, France
96 sq.m 4 2
The apartments are located on the upper floors of a building located directly at the ski slope. Apartments with an area of 96 sq. m. The apartments are located on 3 levels and include 4 bedrooms, a mezzanine of 23 sq. m. m and 2 bathrooms. There is also a south-facing balcony offering a magnificent view of the ski slopes. In addition, there is a...
NF Group
Apartment for 2 600 000 euro in Courchevel, France
2 600 000 €
Apartment in Courchevel, France
116 sq.m 3
Magnificent duplex apartments are located on the top floor of a popular residence in Courchevel 1850, near the center of the resort. The apartments have high-quality finishes and include a fully equipped kitchen, a bright open-plan living room, 3 bedrooms and 3 bathrooms. The apartment comes with an outdoor parking space, a garage, a basement...
NF Group
Chalet for 28 000 000 euro in Courchevel, France
28 000 000 €
Chalet in Courchevel, France
8 8
The new chalet will be built in the popular area of Courchevel 1850, in a convenient location next to the ski slope and close to the center of the resort. The chalet will combine the authenticity of a traditional mountain chalet with modern amenities and finishes of excellent quality. The chalet consists of a large bright living room with dining...
NF Group
Flat for 980 500 euro in Courchevel, France
980 500 €
Flat in Courchevel, France
50 sq.m 1 1
The apartment, located in the center of Courchevel village, on the 6th floor of an elite residence, using high-quality materials, consists of an equipped kitchen, an open living room and a dining room. This apartment with a double bed, a corner with a bunk bed and a shower room can accommodate up to 4 guests, which is ideal for a family holiday....
NF Group

How Much Does a Property in Courchevel Cost?

Foreigners are allowed to purchase a property at any station in Courchevel without any restrictions... except for financial ones. Apartments, flats, houses, chalets - any local property costs a lot.

The most low-cost options are small studios (20-30 sq.m) at the altitude of 1300-1500 m. The cost of a square meter in them starts from €5,000-6,000. Spacious apartments and chalets at the same level are already more expensive - about €10,000 per sq.m.

At the very top location a square meter will cost no less than €20,000! But you should acknowledge that this is the minimum threshold. The price per square meter at this level ranges from €30,000-50,000.

Thus, the minimum amount to enter the local market is €180,000-200,000, which is the cost of a small studio at the foot of the valley. You will not be able to find such prices in Courchevel 1850, a full-fledged apartment there will cost more than €700,000.

Hubert Gallart
CEO and Managing Partner
Barnes Moscow

For many foreigners, Courchevel is just a vacation spot; they come here for a few weeks, on vacation. Others look for investment opportunities and purchase rental properties, the yields may vary from 5 to 10%.
The prices are increasing every year, because there is practically no new supply on the market. Even the pandemic has not affected the value of our real estate! In general, high interest in the property objects remained during this period. The housing objects were not empty, the owners preferred to spend quarantine in them.

The cost of maintaining real estate in Courchevel directly depends on the segment: if it is an apartment, then, as a rule, there is a property management company that sets its price.

In private houses or luxury complexes, the situation is different. The cost of service may be as much as €2,000 per year, and €50,000 and more, if we are talking about an object with an extended set of options. The final bill depends on many factors: the availability of a pool, gym, concierge, security, and more.

 

Quoting conditions of Prian.info materials

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