November 30, 2006
Overseas property in winter resorts: France
Those who don’t like to take property investment risks might want to consider France if they’re on the lookout for ski properties. The eastern-most part of the French Alps is home to some of the most popular ski destinations in Europe like Méribel, Chamonix and Courchevel. The breathtaking scenery and jet set lifestyle makes the French Alps a dream destination.
“France is easy to access from the UK and you can choose how you want to travel and whether you take your car or not. You can choose to go by train, ferry or plane,” claims Dario Nabavian, the director of international marketing at Pierre & Vacances Property Investments. According to Nabavian, the snow in the French Alps is guaranteed. “There is over 600 kilometres of pistes linking Courchevel, Méribel, Les Ménuires and Val Thorens, 335 downhill ski slopes and 119 kilometres of cross country skiing.”
The recent reported shortage of property across the Alps has pushed prices up in the past few years. However, with the many new developments emerging, many resorts have opened up to those with more humble budgets. Case in point is the Pierre & Vacances’ L’Aquila residence at the foot of the mountains in Val d’Isère. One-, two-, three- and four-bedroom apartments are available at the Pierre & Vacances’ L’Aquila residence. The one-bedroom properties start at 510,000 euros or about £345,000.
Properties in France regions may not appeal to investors looking to make a quick return on their investment. However, the buy-to-let market is extremely strong because the Alps are the third most popular tourist destination in the country. “There is a steady stream of visitors throughout the year as Alpine destinations become increasingly popular during the summer months. Non-ski activities on offer include golf, fishing, swimming, bowling, tennis, a health spa centre and cinemas,” explains Nabavian. “For the more active there is mountain climbing, quad-biking, horse riding and paragliding”.
Posted on: France
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