One to Watch – Hidden Gem of the French Alps
With France topping the charts in a recent survey of the top 10 winter ski resort destinations by budget airline easyJet, it seems that the French Alps remain in favour with British buyers.
As expected Chamonix, Avoriaz, Meribel and Les Arcs ranked highest but according to the French leaseback experts at Experience International, Sainte-Foy-en-Tarentaise, the hidden gem of the French Alps, is one to watch in 2010.
Occupying a prime location in the Tarentaise Valley, home to prestigious resorts including Val d’Isere, Tignes, Les Arcs and La Plagne, Sainte-Foy-en-Tarentaise has long been the preserve of experienced guides bringing their clients to enjoy the famous powder and off-piste skiing available. As Steven Worboys, MD of Experience International, comments:
“It is the ideal resort for experienced skiers and beginners alike. The traditional Savoyard architecture, stunning scenery and relaxed family atmosphere attract real mountain lovers. The popularity of Sainte Foy is only going to increase in 2010.”
Nnot only a popular ski destination Sainte-Foy is also the ideal second property location due to its ease of access from the UK (under the magic 2 hours drive from Geneva), year round appeal and property prices up to half that of surrounding areas.
With current concerns over the strength of the British Pound buyers are being cautious about committing to euro property purchases but as Steven Worboys explains, this should not be a concern as long as you select the right development:
“In order to minimise exposure to the current weakness of the Pound buyers should look for leaseback properties which require low deposits. The La Chapelle ski-in ski-out apartments in Sainte-Foy for example require only a 5% deposit to secure with 95% finance available.”
Leaseback properties in prime locations are attractive options as investors are able to secure guaranteed rental returns for 18 years plus, index-linked, as is the case with La Chapelle as well as enjoying flexible personal usage. Investment in these 4* luxury apartments is from as little as €12,000 including furniture, parking and purchase costs.
Filed Under: featured • Investment News • News • Property news • tourist property
