Expert claims: 'no better time' to invest in france property

Photo: The Telegraph

The French newspaper reports a 6.3% increase on 2011. Alpine property specialists, Erna Low Property report that the statistics for the 2012/ 2013 winter season are equally impressive, with a 7% increase on numbers from the 2011/2012 season.

This steady rise in tourism, and the resulting increase in demand for accommodation in French ski resorts, is promising news to existing owners and those looking to buy in the French Alps. This confidence is demonstrated by the number of new developments that are currently being built in the French Alps and available to buy under the leaseback scheme or classic freehold.

Francois Marchand, General Manager at Erna Low Property comments: “Many clients have been waiting to see where the Euro Crisis was going, and have now decided to move ahead with their investment as there are many excellent opportunities that are currently been snapped up by the French. With low fixed interest rates on offer and a better exchange rate for cash buyers, as well as keen pricing, there is no better time to invest in the French Alps.”

Over the last year, Erna Low has seen a strong increase in the Alpine property market, with more clients deciding to purchase their piece of the French slopes. They report that most clients are looking to buy two or three bedroom apartment and have budgets between €300,000 and €500,000. Clients want established resorts with a reasonable commute from the ski lockers to the slopes. Ski-in ski-out is always hugely popular, but generally comes at a premium.