French Alps good for investment

An apartment in the French Alps could represent a good investment opportunity for overseas buyers this year, it has been claimed.

Estate agent Knight Frank has released its top recommendations for investment in France during 2010 and Chamonix is expected to fare well.

The property portal says that it has experienced an increased demand for houses in the region and as such prices have remained relatively stable.

Paul Humphreys, head of Knight Frank's French department, explained that property prices in Chamonix have now become more affordable.

He continued: "The snow has again been good and despite the last two years in the financial world, the skiing season has been busy in 2008-09 and 2009-10 so far, giving a good basis for both a lifestyle and investment purchase.

"Those areas where prices have reduced, sales volumes will increase while demand for property in the prime locations will underpin price stability in these areas."

France was recently awarded the top spot in International Property Magazine's Quality of Life Index for the fifth year in a row.

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