France 'offering Alpine property bargains'

France is offering a wealth of property bargains in the Alps, it has been stated.

In a feature on the ski areas of the mountains, the Daily Mail noted that the anecdotal evidence of property professionals is that the country's winter sports regions have seen a softening in value.

Ski specialist Erna Low was quoted by the paper as stating: "Interestingly, it is largely the French who are snapping them up, exploiting recent domestic tax breaks while the British are dithering."

Ms Low is selling properties in the Arc 1950 development for around 33 per cent less than the 2007 peak price.

Britons keen to invest may wish to do so now before values rise significantly again.

Figures from Knight Frank's Global House Price Survey for the third quarter of 2009 indicated that the country saw an eight per cent fall in the year to the end of the third quarter, but a 1.9 per cent rise in the three months to October.

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