Winter is the best time to invest in ski apartments and chalets in the French Alps. This region is very popular with Russian investors as well a buyers from the UK and Ireland. Property investors are attracted to the fond memories the French Alps has to offer for their families.
Overseas property investors buy property in the French Alps as the conditions are favourable the UK Irish and Russian buyers on and off the slopes making owning a French ski home appealing in 2016
For UK buyers the attraction is even more appealing as the pound rate to the euro is the best it has been for eight years with chalets and apartments in the French Alps and indeed all of Europe around 10% cheaper to UK property investors than they were last year, due to the weak euro.
“The opposite has happened over the border in Switzerland,” said Charles Purdy, MD of Smart Currency Exchange.”The Swiss franc’s recent surge in value has made ski property there considerably more expensive to foreign buyers. Currency markets are unpredictable, but the key thing is to get the best rate available to you at any time, and when appropriate forward purchase currency for peace of mind.”
France has very low mortgage lending rates meaning property in France is more affordable to the French people and overseas property investors.
Leaseback properties offer a hassle free base in the French Alps with top of the range high spec accommodation. What a leaseback offers is the owner leases the property back to the hotel who then employ a management company to look after all rentals and the owner can enjoy guaranteed rental return and the use of their property for a fixed number of weeks each year. Russian investors particularly love buying leasebacks to see a return on their investments straight away.
Currently there are two new leaseback opportunities in the French Alps from the world famous MGM developers; the first is the Kalinda residence in Tignes 1800, a resort linked to the famous Espace Killy ski area that resembles a sleepy village.
The second is MGM’s Grange aux Fees residence in Valmorel, a family orientated resort winning awards at the 2015 snow awards. Both of these complexes boast indoor pools, bars, saunas and kids clubs offering everything the family could desire.
Prices range from €150,000 right up to €500,000 for all types of property in the French Alps.
We can help you with every aspect of your purchase or sale from start to finish.