What are the most sought-after neighborhoods and property types?
Evian-les-Bains is a town on the shores of the prestigious Lake of Geneva, in the Haute-Savoie department located in the region Auvergne-Rhône-Alpes. Renowned for its thermal baths and mineral water, the town also attracts many Real Estate investors.
Popular neighborhoods
Evian-les-Bains town center is the most sought-after neighborhood, offering easy access to the town's main amenities and attractions, such as restaurants, stores, museums, and parks. Moreover, the city center is easily accessible by public transport, main roads and the CGN pier, which links Lausanne to Evian in just 30 minutes. The main advantage is that Evian's pedestrian street is just a few meters from the docks.
Properties located close to Lake of Geneva are also highly sought-after, thanks to their privileged location’s offering breathtaking views and direct access to the lake. Lakefront properties are also highly sought-after for their easy access to water-based activities such as swimming, sailing and fishing, and some have even a private pontoon for mooring a boat.
The train station district is also sought-after for its proximity to shops and schools, and its easy access to public transport, such as the new Léman Express line linking Evian to Geneva in less than an hour. This is particularly convenient for people working in other cities, and especially for cross-border using commuters for working in Geneva.
The Hôtel de l'Hermitage, La Verniaz and Les Mateirons areas are also highly sought-after for their luxury residences with top-of-the-range Real Estate services.
In short, every district in Evian-les-Bains is highly sought-after, as they all offer a high quality of life that is much sought-after by Real Estate investors.
The most sought-after property types
Apartments are the most sought-after properties in Evian-les-Bains for a few reasons. Firstly, apartments are often located in center neighborhoods, offering easy access to amenities such as stores, restaurants, and public transport. Moreover, apartments are often less expensive than single-family homes, making them more affordable for buyers.
Studios and 1 bedroom apartment are very popular with Real Estate investors, as they are often rented to singles or couples, making them a stable and regular source of income. Moreover, studios and 1 bedroom apartment are often affordable, enabling investors to buy several properties to diversify their portfolio.
Apartments with view on the lake of Geneva are also in high demand, as they offer uninterrupted views on the lake, making them a very attractive property for buyers. Apartments with a view on the Lake of Geneva are often more expensive than apartments without a view, but their prime location makes them a profitable long-term investment.
Finally, single-family homes are less sought-after because their prices are relatively high. Single-family homes are often larger size than apartments, making them a more expensive investment for buyers. Moreover, single-family homes are often located outside central districts, making them less convenient for buyers looking for easy access to amenities.
Real Estate market trends
Property prices in Evian-les-Bains have been on the rise for several years. Prices have risen by an average of 4% a year since 2015. The highest prices are in the down town and on the shores of the Lake of Geneva. Prices varied according the location, surface area and property conditions.
Real Estate investors are very active in Evian-les-Bains. Indeed, the town attracts many French and foreign investors. Investors buy property to rent out or to resell. Low interest rates also promote Real Estate investment.
The presence of cross-border community in the Evian-les-Bains Real Estate market is a real advantage for the town. They contribute to the dynamics of the Real Estate market and stimulate the local economy.
The presence of cross-border community on the Evian-les-Bains Real Estate market can also encourage property owners to sell or rent their property. Indeed, Swiss cross-border workers are often able to pay higher prices for quality Real Estate. They are looking for comfortable, well-located accommodation, close to their place of work in Switzerland. This high demand can stimulate growth in the local Real Estate market and increase property values.
Moreover, cross-border community often have stable, high incomes, which can reassure landlords looking to rent out their properties. Landlords can benefit from a regular, stable source of income with serious, creditworthy tenants.
However, it's important to note that the presence of cross-border community can also lead to higher property prices, which can make it more difficult for local residents to buy or rent a property. Property owners should therefore be aware of this impact on the local community and ensure that they offer reasonable prices for their property.
In short, it's important to strike a balance between the needs of cross-border workers and residents to ensure equitable economic growth and a sustainable quality of life for all.
So, to make a success of your real estate project, it's advisable to study the market carefully and call on a Real Estate professional to help you with your project. Together, we can find the right balance to ensure equitable economic growth and a sustainable quality of life for all. To meet the high demand from buyers, we offer a free valuation of your property.
DECORDIER immobilier agencies can help you with your real estate project:
- Thonon +33 (0) 4 50 72 31 95 / e-mail : thonon@decordier-immobilier.com
- Evian +33 (0) 4 50 75 15 15 / e-mail : evian@decordier-immobilier.com
- Grand-Baie : +230 268 2828 / e-mail : contact@decordier-immobilier.mu
www.decordier-immobilier.com