Posted on 24 March 2018
With growing interest in both the tourism and real estate markets of the Alps, knowing where to buy ski property in France is really about personal preferences and of course your budget. The French ski real estate market is active with an enormous number of resale, new and off plan properties advertised.
Of course, though, as with any real estate investment, you want capital growth and liquidity potential, as well a location that is prepared to invest in its infrastructure. For these three requirements, specific destinations stand out above the rest and buyers will be pleasantly surprised with their potential.
Where to Buy Ski Property in France
1: Val d’Isère: Modern, Trendy and a Rising Star
Upmarket Val d’Isère has already proven itself as one of France’s most famous skiing resorts. Sitting in the Tarentaise Valley of south-eastern France, it belongs to the Espace Killy ski area along with nearby Tignes.
Getting there is easy enough with Bourg St Maurice trains station just 40 minutes away, and a choice of Chambery, Lyon and Geneva airports within two to three hours away. There is also a daily bus service from Geneva and travel companies within Val d’Isère all sell transfer services. Val d’Isère also stands out as the king of Après Ski with many bars and restaurants catering to this time-honoured tradition.
Two projects make it stand out as the ideal place to buy ski property. The 16 million Euro Solaise gondola project improved its ski infrastructure and the ongoing, 200 million euro Le Coin De Val Project is set to modernise the rest of the town while keeping its traditional Alpine feel. (See properties for sale in Val d’Isere)
2: Alpe d’Huez: A Growing Year-Round Tourism Scene
Covering an area of 10,000 hectares, Alpe d’Huez, links traditional mountain villages like Villard Reculas, Vaujany and La Garde. Property owners have access to 250 kilometres of novice and experienced runs, as well as stunning views of the Alpine mountain range.
To spend time off the slopes, the resort also has an outdoor heated swimming pool, and sports centre. Property owners who want to lease their properties out can also tap into the summer tourism scene of Alpe d’Huez that is growing every year.
This resort is an all-rounder suiting families, couple and single buyers but the most exciting aspect on the horizon is a planned gondola project to link Alpe d’Huez with Les Deux Alpes. Changing the face of skiing in the area, property owners will have access to 800 kilometres for runs.
The project that will cost a total of 60 million euros will allow residents to get between the two resorts in just 20 minutes. Work begins in 2018 and will be completed by 2021. (Properties for sale in Alpe d’Heuz)
3: Chamonix Mont Blanc
Sitting at the base of Mont Blanc, Chamonix is one of France’s oldest ski resorts and loved by hikers, paragliders and snowboarders as well as skiers. Sitting in the east of France, it’s close to the junction with Switzerland and Italy and just a 75-minute transfer from Genova making getting there even more straightforward. It is also easy to get there from Italy using the Mont Blanc Tunnel.
As another resort that delivers everything novice and experienced skiers want, it has access to 952 kilometres of runs serviced by 248 lifts. Chamonix is not just a winter wonderland because, during summer, tourists flock to the full range of outdoor activities including mountain biking, trekking, paragliding and in resort activities like a casino, bowling alley and cinema.
Après Ski is as lively or as quiet as you want, and restaurants within Chamonix serve up a variety of cuisines to suit the tastes of their multicultural tourism base. Starting in 2014, Chamonix is also undergoing a massive project to upgrade its ski infrastructure. Estimated completion date is 2021. (Chamonix property for sale.)
Buy Leaseback Ski Properties in France
The above destinations all have potential because they have summer and winter activities and are currently undergoing a mass transformation of their ski and urban infrastructure. For those who want to take their real estate investment further though, it is worth considering French leaseback properties.
The scheme first started in 1967, due to a lack of beds to accommodate tourists. Buyers purchase a freehold property, usually apartments in a serviced building with tourist facilities and amenities. The property owners then lease them to a management company.
Upon purchasing, property buyers can also claim a 20% vat refund. For the duration of the leaseback agreement, buyers will receive rental income, usually averaging at 4% and agree on a set duration of weeks during the year that they can use their home.
Anyone who’s looking for a holiday home instead of permanent residence will find many benefits of this government approved scheme. See our range of leaseback property for sale here or alternatively, if you would like to know more about the scheme, email, or ring us today.
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