With average French mortgage rates held at a low of 1.5%, now is still a good time to invest in a French property, says Erna Low Property.
Specialising in luxury ski properties in the French Alps, Erna Low has listed five popular areas to invest in ahead of the new year.
A brand-new development for the dual-season in the Samoens, Le Pre d’Anne Cloe is located close to the town centre, making it an enjoyable stay for family and friends. The resort offers a range of sporting activities, featuring a six-seater chair lift opening in Flaine this winter.
Exactly 24 apartments make up the small residence, which can be divided into three stand-alone chalets. Some 18 of the apartments will range from 1-3 bedrooms, while the remaining six will be semi-chalets of four and five bedrooms. Prices start from €244,500.
Huge infrastructure improvements are in process for the Alpe d’Huez and Les 2 Alps ski areas over the next four years. A gondola will link the two domains, creating a ski playground of 475km and making it France’s third largest ski resort.
Made up of 50 apartments over five buildings, Les Edelweiss in Vaujany – close to Alpe d’Huez – is a three-minute stroll from the village centre and 250m from the main ski gondola. Prices here start from €142,000.
Les Chalets de Montriond will be the latest development, comprising two separate chalet buildings, both designed to allow each apartment to face the Alpine views. The development will use the traditional Savoyard style, featuring natural stone and reclaimed wood. There are one and four-bedroom apartments available, with prices starting from €350,000.
Made up of a collection of four chalets, Les Chalets du Chantel is scheduled to be completed around the second term of 2018. Each property will have outdoor parking and a garage with a minimum of four bedrooms and four bathrooms/shower rooms.
The development will feature the Savoyard style with large bay windows and wrap-around balconies. Located just outside the village of La Rosiere, access to the ski area is quick and easy, with a regular ski bus stopping just 50m from the chalets. The four chalets are sold classic (standard purchase) freehold at €399,000.
Lastly, situated in the heart of Les Arcs, Arc 1950 is a unique mountain village with direct access to Paradiski, one of the largest skiing domains in the world. This makes the mountain one of the largest in Europe, built at an altitude of 2,000 metres and offering panoramic views.
Francois Marchand, director of Erna Low Property, commented: “The popularity of this unique high-altitude village resort ensures that year-on-year it enjoys an occupancy rate of over 90% during the winter.”
“This makes for a strong rental market and an attractive proposition for investors,” he said.