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The ski resort of Chamonix in the alps has, in all probability, the best mountaineering and skiing in Europe, on top of spectacular views and a bustling town.Poperties in Chamonix Mont Blanc have rocketed as the popularity of the resort increases, and this shows no signs of abatting. There’s definitely uncertainty because of the credit crunch, but Chamonix remains a hot choice for buyers even if the English purchasers have disappeared.

But the real estate market in the Chamonix valley persists in showing gains and Chamonix town stays a popular pick with purchasers.

Last year chalet prices went up by an average of 5% expressing the signs of a more mature housing market.

You can see this if you compare the last year the stellar growth witnessed from 2002 to 2008.

House prices grew an amazing 160% during this period.If you’d been lucky enough to buy a chalet during this period of time then you would have made some really amazing yields.In 2007 the price of chalets jumped by about twenty percent showing solid growth in a market place where need surpasses the supply.

Flats in Chamonix reach a reasonable price of 5,300 euros per sqaure metre.This amount does change alot dependent on exactly where in the Chamonix valley you choose topurchase, and the style of chalet.

Slap bang in the middle of Chamonix chalets can sell for up to 11,000 Euros per sqaure metre, and should the house have a panorama of Mont Blanc, or has the bounus of parking, then there will be high demand.

Smarter houses draw the dearest prices per m2 with a three or four bedroom chalet selling for about 6,500 euros per m2.

One should expect to pay nearly 125,000 Euros for a studio, and more than 720,000 euros for a 4 bedroomed chalet.For a chalet expect to hand over one million euros for a detached chalet in a central spot.

Real estate prices did steady in 2008 in part due to the recession and, particularly, the fallingSterling against the Euro that struck the British purchasers.However, sumptous houses retain their value well.

Even So, this quiet in the real estate market isn’t expected to last as demand will be picked up by Italians and Russians who are happy willing to fork out millions on luxury chalets.This could be the tine for you to make an investment in CXhamonix as properties arre staying on the market longer and there are some deals to be had.