Posted on 28 July 2017
You’re probably buying a bolt hole in the French Alps for two reasons: so you can indulge your passion for hitting the slopes whenever you choose, and to afford you the time to enjoy the alpine lifestyle at your leisure, rather than being rushed by an annual whistle-stop holiday. To ensure you have the financial resources to achieve your goals, you may opt to enter the rental market. If you conduct the necessary research and make a shrewd purchase with rental potential, the property could pay for itself.
Don’t be blinkered in your thinking around this. Yes you will probably be fighting potential tenants off with a ski pole during the peak season, but what about the summer months when a different breed of alpine enthusiast heads to the Alps? Rather than leaving your property empty and gathering dust during this period, take advantage of this army of adventurous summer holiday makers who shun package holidays on the coast in favour of fresh mountain air.
Want to buy a property somewhere in the Alps that offers summer rental potential? Click here to download the FREE guide to buying a home in France
By seeking out a destination with dual seasonality you will be well placed to maximise your rental income throughout the year. It might be easy to forget but there’s more to life than just skiing. Once the mercury begins to rise, people flock to the Alps to bike, hike, fish, canoe, raft, climb and play golf, or to simply relax and enjoy the views. Chris Froome and his rivals have only just finished peddling their way up and down the Alps in the Tour de France, attracting thousands of spectators in the process. Many of whom will be in need of somewhere to stay.
Location, location, location
It’s a bit of a cliché but the “three rules” of buying property: location, location, location really do apply to your rental venture being a success, once the skis and snowboards have been packed away. Many high-altitude, snow sure resorts are a magnet for snow sport lovers once the white stuff has settled, but grind to a halt out of season. While destinations slightly lower down the mountainside attract visitors when the flowers bloom and the landscape turns green – plus they’re more affordable. It’s about finding a resort that offers the right balance of snowfall in winter and activities in the summer.
So why not take a summer viewing trip to Les Gets, Chamonix or Châtel? Demand for property is increasing in resorts such as these thanks to their year-round appeal and the promise of good rental returns.
For a step-by-step guide to buying a property in France, download the France Buying Guide by clicking here.