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Investors looking for super-prime French ski property

Date : (News Section: France)

Investors looking for super-prime French ski property
Investors on the hunt for French property in the country's top ski locations are increasingly focusing their attentions on super-prime locations. According to Athena Advisors, 89 per cent of their ski real estate enquiries this season have been for chalets and apartments within less than 100 metres walk from the pistes, lifts and local amenities.

However, it isn't just the status quo of owning one of these properties that is driving demand. Nicholas Leach from Athena Advisors explained: "Investors like super-prime locations as they provide the best return." For those considering entering the holiday let market, this is vital and it may be worth investors more now to reap the benefits later.

Nonetheless, there are other factors influencing purchases, namely lifestyle. Mr Leach claims that families are increasingly opting for super-prime units to ensure their children don't have to travel far by foot. This can also be a big draw for prospective renters.

Investors seeking out super-prime property must naturally be prepared to pay for them, but this sum may not be as high as initially thought. "Properties in super-prime locations very rarely changed hands so buyers with budgets of €150,000 (approximately £129,855) to €500,000 (approximately £432,852) are normally priced out. However, occasionally buyers can get their hands on properties in great locations without the customary seven-figure price tag," Mr Leach said.

Athena is just one developer offering bargain super-prime real estate and today (March 4th) launches Les Fermes de Chatel - a brand new collection of properties in Chatel. Situated at the top of the village, in front of the slopes and adjacent to the Super-Chatel ski lift. Mr Leach explained that it is very rare for such high specification properties that are new to be located in such a position.

The release of these units follows a prolonged period of house price drops in the country. This downward trend began in 2011, when growth began to slow. Shortly after, the Global Property Guide reported that Credit Agricole predicted property prices would fall by five per cent to six per cent in 2012, with an eight per cent drop in sales.

Article by +James Roberts on behalf of

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