A leading European property developer says British interest in buying a ski property in the French Alps is at its highest level for ten years.
Numbers of potential buyers not seen since before the global economic crisis are now looking to secure a property, says Richard Deans in of MGM, which is selling a number of brand new developments of chalets and apartments in some of the French Alps’ most popular locations.
Deans says that zero inflation (and potentially deflation), together with the best euro exchange rates for seven years, the new availability of cash through pension reforms and low interest rates have all combined to prompt the highest level of enquiries for a decade, even as the skiing season reaches its end.
Deans says: “By last summer, our UK office had achieved its sales target for the year ending December 2014. This year the pace is even hotter; by Easter we had already made half of the sales we had aimed to secure by the end of 2015.”
Deans goes on to explain that there is growing interest in property in the French Alps as a summer holiday destination, thanks to the multitude of activities available, such as hiking, cycling, rafting, paragliding, fishing and golf.