Alpine resorts 'still growing in value'

The value of property in French Alpine resorts is still on the up, a property firm has stated.

Ascendant Property told Property Wire that there have been large year-on-year price increases in such resorts, with figures including 13.8 per cent in Le Grand Bornand, almost 10.9 per cent at Morzine, 8.9 per cent in Chamonix Mont Blanc and 7.5 per cent in Megeve.

The firm said there were two good reasons for the trend, with one being that French banks have protected their property market from boom and bust with tighter lending criteria and larger deposits.

In addition to this, the supply of Alpine property is scarce, the company noted.

As well as the growth of Alpine locations, those investing in property in France may also gain from the growth of its high-speed TGV rail system.

New proposals from the French government involve more than doubling the size of the system by 2020.