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dryrot

Ski Chalet Price Crash?

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Nothing really to add - I just wanted to comment how amused I am by the context-sensitive adverts always trying to sell us whatever just-about-to-go-kaput thing we're moaning on about...

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hi,

from: http://www.welove2ski.com/jsp/index.jsp?ln...y,Sean%20Newsom

"Buy or build-to-let chalet owners are bearing the brunt of these sabre thrusts. They're being told: "Take a 15-30% drop in revenue or we won't work with you". And that's just the lucky ones who are getting the offer they can't refuse. Many others are receiving just a cold Dear Jean email: "due to the financial climate...deep regrets, etc". Ninety chalets 'let go' so far? And that's just the Big Boys. Almost everybody is out there carving the excess fat (and in some cases great slices of lean, too) off their programmes. 10% (Le Ski) is the minimum, while 30% (Scott Dunn) is no longer abnormal. Two operators have kicked the bucket so far. Inevitably, others will follow.

The mass market operators want out of chalets altogether - and they'll achieve this over a three-year period, leaving them to concentrate on more cost-effective (and much more boring) chalet-hotels.

Actually, following Darwinian theory, this giant cull won't be such a bad thing in the long term: smaller chalet companies that know their onions will benefit, along with their clients.

But the medium-term fall-out across the Alps - particularly in the French Alps - will be immense. So far the property market in resorts across the Trois Vallées and in Val d'Isère has been falsely cushioned against the realities of recession. But now I predict that the currently grossly over-inflated prices are going to tumble into freefall.

Owners seeking to offload an eight bedroom chalet in Courchevel for 37 million euros and another in Val for 24 million - yes, you did read those figures correctly - are going to have to climb down from their golden cloud. At this supreme end of the market a drop of 30-50% is on the cards. If you've just paid the going price of 10-14 million euros for four/five beds in Courchevel 1850, you've been had. Panicking estate agents here secretly think that prices are set to fall by the same - if not by more."

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Guest redwine
hi,

from: http://www.welove2ski.com/jsp/index.jsp?ln...y,Sean%20Newsom

"Buy or build-to-let chalet owners are bearing the brunt of these sabre thrusts. They're being told: "Take a 15-30% drop in revenue or we won't work with you". And that's just the lucky ones who are getting the offer they can't refuse. Many others are receiving just a cold Dear Jean email: "due to the financial climate...deep regrets, etc". Ninety chalets 'let go' so far? And that's just the Big Boys. Almost everybody is out there carving the excess fat (and in some cases great slices of lean, too) off their programmes. 10% (Le Ski) is the minimum, while 30% (Scott Dunn) is no longer abnormal. Two operators have kicked the bucket so far. Inevitably, others will follow.

The mass market operators want out of chalets altogether - and they'll achieve this over a three-year period, leaving them to concentrate on more cost-effective (and much more boring) chalet-hotels.

Actually, following Darwinian theory, this giant cull won't be such a bad thing in the long term: smaller chalet companies that know their onions will benefit, along with their clients.

But the medium-term fall-out across the Alps - particularly in the French Alps - will be immense. So far the property market in resorts across the Trois Vallées and in Val d'Isère has been falsely cushioned against the realities of recession. But now I predict that the currently grossly over-inflated prices are going to tumble into freefall.

Owners seeking to offload an eight bedroom chalet in Courchevel for 37 million euros and another in Val for 24 million - yes, you did read those figures correctly - are going to have to climb down from their golden cloud. At this supreme end of the market a drop of 30-50% is on the cards. If you've just paid the going price of 10-14 million euros for four/five beds in Courchevel 1850, you've been had. Panicking estate agents here secretly think that prices are set to fall by the same - if not by more."

Courcheval isn't just anyold ski station in the alps its the ski resort of the rich and famous

its had its scandals in recent times though lots of rich russians came in and bought up the chalets or "palaces" as they are more like

the àpres ski for them was cocaine orgies and under age sex with eastern girls "prostitution "

Courcheval even has its own private runway so that the millionaires fly there

mind you its still not a bad place for ski -ing

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