The average price per m² in Passy is 3 511 €/m² for an apartment, based on actual notarised (DVF) sales. For a house or villa, it is 4 703 €/m². About 75 transactions are recorded each year.
Atmospheric illustration of Passy, facing the Mont Blanc massif, in Haute-Savoie.
The average apartment price in Passy stands at 3 511 €/m², based on DVF transactions actually registered with notaries (DVF is the French record of notarised property sales). This average covers a very varied stock, in keeping with a large municipality that rises from the Arve valley up to the heights facing Mont Blanc. The apartments of Chedde and the main village, in the lower part, do not sit at the same level as the homes on the Assy plateau or around the Plaine-Joux resort, more sought after for their aspect and their view over the massif. Altitude, sunshine, the condition of the property and the distance to shops and to the lifts make values vary sharply. The pronounced relief and the dispersal of hamlets limit well-placed building land and weigh on prices.
House : 4 703 €/m²
Prices from the DVF file (Demandes de valeurs foncières, published by the DGFiP), transactions actually recorded at the notary at municipality level. Cross-referenced with the Notaires de France - INSEE indices. Learn more about our methodology.
The Passy market remains active, driven by a dual nature: a municipality lived in year-round in the Arve valley and a second-home centre on its heights. This structure sustains a steady turnover of sales, between homes occupied by local households and high-altitude properties that change hands with holiday plans. New supply stays contained: the relief, the dispersal of hamlets and the limited availability of well-placed land concentrate transactions on resales and renovations within the existing fabric.
Several factors support this price level. The proximity of Mont Blanc, Chamonix and the large ski areas, the presence of an employment base in the Arve valley and the quality of the living environment sustain demand that goes beyond the local market alone. Conversely, the historic industrial character of the lower part, the distance from the largest resorts and an altitude that varies by area explain levels below those of the most sought-after municipalities of the massif, such as Chamonix or Megève.
Passy sits at a level close to Sallanches, its valley-floor neighbour. The municipality remains below Saint-Gervais-les-Bains, the nearby spa and ski resort, and well behind Chamonix-Mont-Blanc, the top benchmark of the massif some fifteen kilometres away.
A large municipality of the Arve valley, Passy brings together many hamlets, from the main village to Chedde, Assy, Joux and la Frasse. In the lower part, on the flat bank of the Arve, the hamlet of Chedde went through an industrial adventure from 1896: a factory created by the Société des forces motrices et usines de l'Arve, geared to heavy electrochemistry, producing chlorates, aluminium, ferroalloys and graphite. The explosive developed on site, cheddite, takes its name from the hamlet. At its peak, around 1917, the factory employed more than a thousand people and turned a rural hamlet into a working-class town.
On the heights, the Assy plateau developed after the First World War around the fight against tuberculosis. The opening of the Praz-Coutant sanatorium in 1926 paved the way for several establishments built into the 1930s, including Sancellemoz, the Roc des Fiz, Guébriant and Martel de Janville. Their architects, close to the modern movement, experimented there with reinforced concrete. At the heart of the plateau, the Notre-Dame-de-Toute-Grâce church, built between 1937 and 1946, brings together works by leading artists such as Fernand Léger, Georges Braque and Marc Chagall.
Recent history has also been built around tourism and winter sports. The family resort of Plaine-Joux, created in 1965 above the Assy plateau, benefits from a south-facing aspect and a direct panorama over Mont Blanc. Passy thus keeps a composite face: an industrial and residential lower area in the valley, a plateau marked by its hospital and architectural heritage, and heights turned towards the mountains and leisure.
Passy has 10 856 inhabitants, which makes it one of the significant municipalities of the Arve valley. Unlike the neighbouring high-altitude resorts, a large share of the housing stock consists of main residences, occupied year-round by a working population turned towards the valley, its services and its employment areas. Buyers are split between locally settled households, working people employed in the Arve valley or towards Chamonix and Sallanches, and second-home buyers drawn by the proximity of Mont Blanc and the ski areas. Demand is divided between the apartments of the lower part, close to shops and transport, and the properties on the heights sought after for their setting and their view.
The average apartment price in Passy is 3 511 €/m², based on DVF transactions actually completed before notaries. This average covers significant gaps depending on the area, altitude, aspect, floor level, the view over Mont Blanc and the condition of the property. An apartment in the lower part, in Chedde or the main village, and a home on the Assy plateau or around Plaine-Joux do not trade at the same level.
Passy is a large municipality that rises from the Arve valley, at around 500 metres of altitude, up to the heights of the Assy plateau and the Plaine-Joux resort. The lower part, denser and close to shops and transport, does not compare with the high-altitude areas, sought after for their aspect and their panorama over the Mont Blanc massif. The view, sunshine and proximity to the lifts weigh heavily on the value of a property.
Passy sits in the Arve valley, on the route linking Sallanches to Chamonix. The municipality is reached by car via the RD 1205 and the A40 motorway, the Autoroute Blanche, which serves the valley. The hamlet of Chedde has a station on the Saint-Gervais - Vallorcine line, and the nearby Saint-Gervais-les-Bains-Le Fayet station provides connections to the rest of the network. Geneva is the nearest airport.
Less so than in the neighbouring high-altitude resorts. Passy is first of all a municipality lived in year-round, with a working population turned towards the Arve valley. Second homes are nonetheless well represented on the heights, around the Assy plateau and Plaine-Joux, where the proximity of Mont Blanc and the ski areas supports demand. Furnished tourist lettings are subject to local rules to be checked with the town hall before any seasonal rental project.
The benchmark price of 3 511 €/m² relates to apartments, well represented in the lower part of the municipality, around the main village and Chedde. Houses and chalets, more common on the heights and in the hamlets, generally trade above the level of apartments, because of their floor area, their outdoor space and land limited by the relief. The choice depends mainly on the intended use, a main residence in the valley or a mountain base.
This analysis is published by Immover, an independent observatory founded by Antony Barbier. Data sourced from official sources (DVF, INSEE, Notaries of France).