Located in the heart of the French Alps, Les Arcs is a locality rich in history, with its historical sites that are an integral part of its charming landscape. Blessed with a privileged geographical location between the alpine ridges and the Tarentaise valley, this locality offers an exceptional living environment. Les Arcs, known for its ski resorts among the best in the world, is also renowned for its luxury real estate market.
Real Estate Market in Les Arcs
The exclusive real estate market in Les Arcs is currently stable. The demand for luxury houses and apartments corresponds quite well to the supply, with a slight advantage for buyers. Les Arcs benefits from a stable political and economic situation, making the locality a safe place to invest.
The real estate commission that a buyer must pay when purchasing a house in Les Arcs is on average 5%. As for the seller's commission, it is usually also 5%. Additional costs to consider when purchasing a luxury home in Les Arcs include the transfer tax which is 5.80%, notary fees, property inspection fees, and legal fees. The wealth tax on owning a house in Les Arcs is quite low compared to other localities, reflecting the favorable real estate market of the locality.
Real Estate Financing in Les Arcs
Obtaining a mortgage loan for the purchase of a house in Les Arcs generally requires a personal contribution of at least 20% of the purchase price. The maximum amount for a mortgage is usually 80% of the purchase price.
Living in Les Arcs
The most sought-after residential areas for luxury homes in Les Arcs are notably Les Arcs 1950 and Les Arcs 2000. These areas offer easy access to ski slopes and all amenities, while being in a calm and relaxing environment.
Les Arcs is well served by road via the A430 motorway and by rail with the Bourg-Saint-Maurice station. The locality is about 2 hours from Geneva and its international airport. In terms of education, Les Arcs is near several quality schools, colleges, and high schools.
Located in Savoie, in the Auvergne-Rhône-Alpes region, Les Arcs has about 10,000 inhabitants. The environment is exceptional, with its preserved nature and outstanding landscape. There are numerous outdoor sports and activities: alpine skiing, snowboarding, hiking, paragliding, mountain biking, etc.
For shopping enthusiasts, Les Arcs offers a varied range of luxury shops. Among the quality restaurants and hotels, you can find Le Savoy, L'Aiguille Grive Chalets Hotel, and Le 1950. Les Arcs hosts several well-known events each year such as the European Les Arcs Film Festival.
In terms of art and culture, there are several museums, galleries and theaters nearby, including the Alpine Minerals and Wildlife Museum in Bourg-Saint-Maurice. Finally, Les Arcs is close to several hospitals and clinics and has good public infrastructure.
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