It’s heating up in the French Alps! Leading Alpine developer MGM French Properties is bracing itself for an influx of property investors this summer season as holiday-goers look for more action packed adventure from their sunny season break. Specialising in the sale of luxury leaseback and outright ownership properties across the French Alps, MGM French Properties offers a wide collection of properties across some of the Alps most coveted summer destinations.
Discussing the appeal of the Alps as a year-round investment destination, Richard Deans of MGM
French Properties commented:“Often people think of the Alps as a winter ski destination, however, there is a lot of activity in the region in the summer months. In fact, Samoëns saw more visitors between June and August of 2015 than during the ski season. The Alps as a whole is an incredibly popular summer destination, with sales figures growing year-on-year in the warmer months. In fact a number of our resorts are fully booked for the entirety of the warm season, with visitors looking to take in the fresh air of the Alps during their summer break.”
It’s the perfect time to consider a second home in the mountains. This is a selection of MGM French Properties top picks:
Résidence Kalinda, Tignes, 3450m
Nestled near the church, Résidence Kalinda is located in a prime position in one of the most popular resorts in the Alps, Tignes 1800. Inspired by traditional architecture, the attractive development is finished externally in local stone and timber blending seamlessly into the surrounding landscape. The resort offers the largest variety of summer activities in the Alps and is situated around a beautiful lake offering a fantastic setting for water sports. Tignes has access to the Grande Motte Glacier at 3,400m which often remains open for 9 months of the year. An eight-seater gondola has also been specially installed below the development on the slopes allowing instant access to the higher slopes in the summer months.
- 1 bedroom apartments from £188,262 (€241,667) – NET of VAT via leaseback purchase
- 2 bedroom apartments from £227,212 (€291,667) – NET of VAT via leaseback purchase
- 3 bedroom apartments from £324,589 (€416, 667) – NET of VAT via leaseback purchase
Les Chalets de Flambeau,Val Cenis
The second phase of the popular Les Chalets de Flambeau development is now available to purchase.
Comprising of 13 ski-in ski-out apartments ranging from one- three bedroom, the development is inspired by traditional Vanoise architecture built with local wood and stone. Expected to be in high demand year round, this is the perfect residence from which to enjoy the family-friendly resort of Val Cenis – one of the Alps’ best-kept secrets. During the summer, visitors can hike up one of the surrounding mountains and enjoy stunning views of Vanoise glaciers, the Grand Bec and the Grand Ciasse. Rock climbing and paragliding are also popular activities, with a number of the local ski resorts turning into adventure activity destinations. The resort also sits on the border of the Vanoise National Park, often referred to as the ‘Great Garden of France’, the perfect location for an active summer retreat.
- 1 bedroom apartments from £138,489 (€179,167) – NET of VAT via leaseback purchase
- 3 bedroom apartments from £270,537 (€350,000)- NET of VAT via leaseback purchase
Le Cristel de Jade, Chamonix
Chamonix is the location of the highest European mountain west of Russia, Mont Blanc, and is near the high peaks of Aiguilles Rouges and most notably the Aiguille du Midi. One of the most popular winter ski
destinations, Chamonix is also a thriving summer sports destination, with outdoor activities ranging from mountaineering and rock climbing to white water rafting and horse riding. Recording average summer temperatures of 23 degrees Celsius, Chamonix is also a great warm weather getaway, with open fields and parkland perfect for sunbathing, as well as a number of luxury spa resorts nearby. Cristal de Jade is MGM French Properties’ first five-star residence and the first Résidence de Tourisme* of its kind in Chamonix. Offering owners access to a range of top-class hotel-style services the apartments are also meeting more than 200 stringent criteria to achieve 5* status. The luxury development comprises a collection of four-storey chalets containing 56 apartments from one to four-bedrooms. Full completion is expected in December 2016.
- One-bedroom apartments from £225,448 (€291,667) – NET of VAT via leaseback purchase
- Three-bedroom apartments from £434,792 (€562,500) – NET of VAT via leaseback purchase
Perfect for investors and lifestyle buyers, each of the turn-key properties above is sold as leaseback,
saving investors 20% VAT on the purchase price. The properties are fully managed by the MGM team
and purchasers own 100% of the freehold whilst securing guaranteed rental income for up to 10 weeks
per year. Setting MGM French Properties apart is the fact that they allow owners to maximise personal
use at the most desired times of year such as Christmas, Easter and February half term.
Example rental income of an MGM Property ranges from £3,800 (€5,500) to £6,300 (€9,000) per annum
for one to four-bedroom apartments respectively.
*Résidence de Tourisme is a listed hosting establishment, which provides a collection of managed ‘turnkey’ rental for tourists. Purchasers of these properties can buy the freehold deeds, but must lease them back to the developer/management company to be rented out for set periods of a year. Leaseback purchasers with MGM French Properties benefit from flexible personal usage at the most desired times of the year, as well as the option to sell the property at any time of their choosing.
For further sales information contact the MGM French Properties Sales team on Tel: +44 (0)207 494 0706