Brits take to the slopes as Alpine sales soar

Brits take to the slopes as Alpine sales soar


Todays other news
The National Residential Landlords Association is staging a property investment...
After breaking records in July, rents remained high in August...
Relocation experts 1st Move International Removals have analysed rental yields...
Paragon Bank analysis of buy-to-let mortgage offers in popular student...
Knight Frank has been appointed by Legal & General to...


Ski property developer MGM French Properties has recorded its best summer for five years with a 20% annual increase in sales in the French Alps, as UK property investors flock to the French Alps.

The figures include record sales during August and September with British buyers acquiring 60% of the new build apartments at Résidence Alexane, in Samoëns where apartment prices start from €240,000 (£214,000), according to MGM French Properties.

A host of different factors are helping to counter any Brexit concerns, including the availability of cheap mortgages in France, ongoing investment in growing resorts and more flexible leaseback rules.

Laurent Hallez of MGM French Properties said: “Sales in summer 2016 were excellent with a 20% increase in the level of enquires compared to last year. This underscores our belief that despite uncertainty UK buyers will continue to invest in high quality overseas property.

“Over the past few months, we have found savvy British investors eager to buy up French property as they look to take advantage of the historically low interest rates and attractive mortgage packages.

“We are encouraged by the quality prospects ahead and look forward to a number of new leaseback and outright purchase developments in the Savoie region to be announced over the course of the season.” 

Share this article ...

Join the conversation: Login and have your say

Subscribe to comments
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
A finances expert at the Best Invest consultancy is warning...
Investors will be delighted that there have been so many...
Property investors are cautiously optimistic and focusing on the prospect...
The financial success of your buy-to-let depends on the investment...
The new Labour government has finished the job started by...
Manchester is the highest-ranking English city for residential investment, according...
Recommended for you
Latest Features
The National Residential Landlords Association is staging a property investment...
After breaking records in July, rents remained high in August...
Relocation experts 1st Move International Removals have analysed rental yields...
Sponsored Content
In the ever-evolving landscape of property investment, staying ahead of...
Property investors, This one's for you. Lendlord's latest Deal Analyser...
The savvy property investor knows the importance of adapting their...
0
Would love your thoughts, please comment.x
()
x

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here