New development planned for French Alps

In excess of a thousand new properties are to be built in French ski resorts, it has been announced.

The news is sure to interest individuals looking at Midi-Pyrenees property listings or those searching for Provence-Alpes-Cote d'Azur property for sale.

According to developer MGM Group, the holiday homes will be state of the art in terms of both sustainability and economy.

Richard Deans, of MGM’s UK sales office in London, said that this is the company's biggest undertaking so far this year.

He explained that with market growth in the French Alps gaining momentum, MGM is looking to take advantage by building a "higher than usual number of sites".

Mr Deans added that demand has pushed property prices in the French Alps back up to the pre-credit crunch levels of 2007.

"While current demand makes further rises inevitable, currency exchange rate fluctuations may temper the high levels of demand we saw in the summer. Sales in July and August this year were the best I can ever remember," he said.

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