Several factors influence real estate prices in Briançon, a picturesque town in the French Alps known for its ski resorts and historical architecture. First, the town's elevation and proximity to ski slopes like Serre Chevalier drive demand, particularly among winter sports enthusiasts, creating seasonal price fluctuations. Additionally, the charm of its old town, with its well-preserved Vauban fortifications, enhances the desirability of properties in the area, often leading to higher prices for historic homes. Local amenities, such as shops, restaurants, and schools, also play a significant role; properties near the vibrant market square or the main tramway are typically more expensive. The tourism economy greatly impacts real estate; during peak seasons, short-term rental markets can drive up property values as investors seek to capitalize on accommodation demand. Moreover, regional factors such as accessibility, including transport links to larger cities like Grenoble and Gap, contribute to price variations; homes closer to public transport options generally attract a premium. Lastly, overall economic conditions and interest rates can either spur or dampen real estate activity, with fluctuations affecting buyers' purchasing power and investment potential.