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Economic conditions in the New Year suit British buyers in the Alps

Posted on 08 January 2015

British people in the market for a French ski home can look forward to some great value deals in 2015, as buying conditions across the Channel look set to be even more favourable than they were in 2014.

Concerns about the Greek economy and the European Central Bank’s ability to stimulate the Eurozone economy have led to the strengthening of Sterling against the euro in the first week of January, which of course goes in favour of UK buyers in France. And given how tough the year ahead is looking economically for the Eurozone, interest rates are not likely to rise again in the foreseeable future, meaning French mortgage rates should remain at very attractive historic lows, possibly falling further below three per cent.

Throw into the mix the selection of exciting new developments that are popping up in popular French resorts, and it’s easy to see why now could be an ideal time to buy a ski chalet or apartment in the Alps.

In Les Gets, part of the Portes du Soleil ski area and a short drive from Geneva Airport, new property developments had been scarce in recent years, due to a need to upgrade the drainage systems and water supply there. However, with upgrades complete, a greater variety of new properties are becoming available around the resort.

It’s the 50th anniversary of the creation of the Portes du Soleil ski area, making 2015 an even more exciting time to visit or purchase a ski home in Les Gets or another resort that forms part of this famous ski area, including Chatel, Avoriaz or Morzine. Celebratory events are planned for 17th January.

And there are exciting opportunities in Tignes les Brevieres, a resort with direct access to the world renowned Espace Killy ski domain and that has long been popular for its flexible leaseback investment with the British market. Another exciting development in Tignes is the €150-million transformation of Tignes les Boisses into the new Tignes 1800 village, which includes the brand new eco-friendly Kalinda Village. Kalinda, which only opened last season and has views of Mont Blanc, is a four-star development of ski-in ski-out apartments and hotel, where facilities include a relaxation and fitness area with an adults-only swimming pool, a children’s pool, an ESF crêche, plus a range of shops and services in the heart of the village.

Elsewhere, La Plagne has a new ski-in ski-out leaseback property investment, offering fully furnished apartments that should be ready in December.

Meanwhile, one resort tipped as a potential year-round hot spot is Samoens, following speculation that Club Med, having shunned several other French Alpine locations, is about to announce plans for a five-star Trident Club there. Samoëns is located within the Grand Massif area, the third biggest ski area in the French Alps. In winter a gondola lifts skiers from Samoëns to the slopes in just eight minutes and a six-seater chairlift takes them to the top of the ski area in a further 12 minutes. This means that skiers can reach an altitude of 2,100 metres from the village in just over 20 minutes.

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