According to Tim Swannie, Director of Home Hunts, for anyone thinking of investing in a ski property in France this season, the local and international economic climate is working in their favour and the conditions are good.
“Although the exchange rate has fallen since mid-August, the pound remains strong against the euro and British buyers get more ski home for their money if they are buying now compared to the same time last year.
“Those currently requiring a mortgage are also onto a good deal as French banks have been positively affected by the quantitative easing applied by the European Central Bank to revive the Eurozone market. This means that interest rates remain at an historic low and overseas buyers should be looking at a fixed rate of around the 2.5-3% mark for a while to come.”
France remains the most popular ski destination for visitors from the UK for many lifestyle reasons. Importantly, French ski resorts are among the most easily accessible – budget airlines service the main ski destinations, driving is economical and allows for plenty of kit and Eurostar has launched two new services, direct to Lyon from London and to Geneva (via Lille).
A home in the Alps offers a top quality ski experience with high altitude options for the adventurous or those wishing to ski late in the season. The Alps also has extremely large ski domains, great snow and many French resorts have new and efficient lift systems.
Home Hunts has found the most popular ski home destinations with the British tend to be Les Portes du Soleil, which includes Morzine, Avoriaz and Les Gets and L’Espace Killy with renowned Val d’Isère and Tignes. A lesser-known destination, but providing good value for money is also Samoens with its convenient ski lifts to a large ski domain and is only an hour by car from Geneva.
New to market this season:
Seven bedroom farmhouse conversion. €2,250,000 (approx. £1,636,887)
Recently converted Savoyard farmhouse in the lovely village of Montriond on the outskirts of Morzine and close to the slopes of the Portes du Soleil. This classic farmhouse was beautifully renovated in 2014 with a taste for design and modernity. It has a great view over the Morzine valley and is a very sunny spot.
The property comprises two apartments. The first, on the ground floor, has three ensuite bedrooms, a separate WC and a lovely open plan living area with a wood-burning stove.
The second apartment, on the upper floors has four ensuite bedrooms and a large open plan living space (68 sqm) opening onto a loggia. There is also a relaxation space on the mezzanine. The property comes with a cellar and additional land (483 sqm) and is being sold fully furnished. More information here.
About Home Hunts: Home Hunts specialises in finding luxury homes and investment properties throughout France, Monaco, Geneva, London and New York.
For more information go to the website: www.home-hunts.com