Are you looking for the best place to make a rental property investment? The department of Haute-Savoie and more specifically Evian-Les-Bains commune is a very attractive place that offers many advantages.
Located on Lake Geneva (more commonly called Lac Leman in French), you may at least know Evian-Les-Bains, the world’s best-selling bottled mineral water. With 9,100 inhabitants called the Evianais, Evian-Les-Bains is a charming place to enjoy activities on the lake, stroll through the blooming parks, relax in the hot springs and enjoy the beautiful views of the Alps reflected in the lake. It is a town of flowers.
Stimulated by cross-border workers and tourism, the real estate market in Haute-Savoie is extremely dynamic. This department close to Switzerland is a privileged place to make a real estate investment.
Indeed, the proximity of Switzerland attracts many cross-border workers and the exceptional natural environment makes it a favorite place for tourists.
Vendome International Property, an international real estate company, offers the best properties for sale in Evian.
In this article, you will discover why you should buy an apartment in Evian and make a successful and profitable real estate investment.
Overview of Evian Les Bains:
Since the healing and purity properties of mineral water were discovered more than two centuries ago, Evian-Les-Bains in France has become a popular destination for rejuvenation and relaxation for the European elite.
Now world-famous, the Evian region is the charm of this scenic Haute-Savoie region of the Alps on the southern shore of Lake Geneva. Today, it combines modern comforts with old-world Belle Epoque glamor making it an attractive destination for romantics, crowded enough for families, and has the opportunity to sample delicious local food and wine while enjoying the beauty of nature.
Real estate investment in Evian Les Bains: a strategic investment
Investing in real estate remains the most secure way to make your money grow and to build up your assets. To make an advantageous investment in rental property, the location of the property is essential. Indeed, the rental profitability is conditioned by the fact of renting its property as long as possible. The rental vacancy period when the acquired property is unoccupied – must be reduced to a minimum.
Choosing Haute-Savoie for your rental investment guarantees you interesting profitability because a rented property quickly finds takers. With the highest population growth rate in France (+1.4% per year) according to INSEE, Haute-Savoie is an ideal area for rental investment.
Moreover, Evian Les Bains is near to Annecy, a medieval city renowned for the charming canals that have earned it the nickname “Venice of the Alps”, Lake Annecy and its turquoise blue waters, and the surrounding snow-capped mountains, that means if you do not want to buy an apartment in Annecy for whatever reason, you can still buy an apartment in Evian and attract thousands of tourists every year. In winter, the ski resorts welcome wealthy international clientele.
If you are buying a new apartment in this area, you may want to consider seasonal rentals. Overall, Evian is close to the towns of Haute-Savoie (Annecy, Thonon-Les-Bains, Annemasse, Chamonix-Mont-Blanc) which are particularly appreciated for their quality of life in the middle of nature.
With that being said, when you buy an apartment in Evian, it’s like you buy an apartment in Geneva Lake, or an apartment in Annecy, or an apartment in French Alps, which is definitely a profitable investment considering that strategic location.
Lake, mountains, and culture: an exceptional environment
At the foot of the Alps, Evian Les Bains department or the Haute-Savoie region in general also seduces by its quality of life and its fabulous natural heritage
Located between the lake and the mountains, Evian benefits from a truly exceptional natural environment, which has given it its reputation as an international tourist resort.
In addition to its exceptional natural setting, the city offers a multitude of activities and accommodations open to tourists in all seasons. The proximity of the ski resorts makes it the ideal starting point to reach the snowy slopes or the green mountain pastures in summer.
Evian is a city of water and is renowned for its internationally renowned spa facilities, besides the culture which also has its place in Evian! The Palais Lumière, its historical heritage, and other sites dedicated to art and entertainment complete the tourist offer with quality.
The proximity of Switzerland: an asset for your investment
The attractiveness of Evian is primarily due to its geographic location.
This town welcomes many cross-border workers who decide to live on the French side because of the lower rents. INSEE estimates that more than 1 in 5 people living in Haute-Savoie, cross the border every day to work.
The Geneva region is characterized by a flourishing economy and is home to the numerous head offices of major companies, particularly in the banking, luxury watchmaking, biotechnology, and air transport sectors. This specificity of the area stimulates the real estate market, which is driven by strong demand for rental properties from people working in Switzerland.
Rental investment in Evian: benefit from the PINEL law
In the context of a rental investment, you can – under certain conditions – benefit from a tax reduction over several years. How can you do this? Thanks to the Pinel law, a tax exemption program was set up by the government in 2014 to encourage owners of new housing to rent it out.
The good news is that the small town of Evian-Les-Bains is in the B1 Pinel zone which is eligible for the Pinel law.