Overseas property news - Investors on the piste in france

Investors on the piste in france

Ski resorts in France are becoming more and more popular with investors…

 

According to Currency exchange firm HiFX, Ski resorts such as Meribel and Courcheve accounted for more than a quarter of all the enquiries it received from prospective buyers, despite their relatively high property values.

 

Mark Bodega, director of HiFX, commented: "Prices are higher in well-established resorts but the rental yields also remain consistently high. France's close proximity to the UK was one of the main reasons for its popularity among British buyers. In addition, he said the fact it is serviced by numerous low-cost airlines has also helped draw people to the country.

Access to France was recently improved further with the introduction of a high-speed rail link by Eurostar. The service, which runs between London and Paris, allows people to travel from one city to the other in just two hours and 15 minutes.

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