MGM, the leading alpine property developer, had a brilliant year. Not only did they launch numerous new developments, but they tripled their year-on-year UK sales figures, with Brits snapping up apartments in droves.
Seven new developments are due to launch this season in Flaine, Les Contamines, Le Grand Bornand-Chinaillon, La Plagne, Samoëns, Val Cenis and Les Houches. With this year having one of the best and longest ski seasons since the 1980s there has not been a better time to buy a ski lodge of your own, and the stats are even more attractive for investors.
Price growth for ski lets is steady, and a 5.3% increase in tourism makes these developments a very appealing option for property investors. Passion for snow sports never seems to wane, and France remains the most popular travel destination in the world, with 89 million visitors in 2019.
MGM’s 57-year track record for excellence speaks for itself, and with prices starting at just €204,167 for a luxury apartment you can guarantee they won’t be available for long. Outright purchase and leaseback options are available throughout the French alps, so you could you own a piece of the French mountains no matter your budget.
Laurent Hallez, UK Sales Manager at MGM French Properties comments, “It was a fantastic year for the company, and our exceptional sales record shows a rejuvenated market and that UK buyers are still interested in investing in the ski market despite some uncertainty following the Brexit vote.
“Our high-quality construction and reputation for excellent property management has continued to attract purchasers and we are looking forward to further building on our successes in 2020. Our new launches cover a wide variety of popular ski resorts of varying sizes, many of which see consistent demand from the UK market. We are expecting a great deal of enquiries about these developments.”
One of the largest schemes to launch this season is Résidence Alhéna, a ski-in/ski-out development in the heart of Flaine comprising 39 units of one to three-bedroom apartments with panoramic views of the Mont Blanc and surrounding mountain ranges. The apartments are sold under a leaseback agreement offering a guaranteed rental income to the owner, while MGM manages the property’s upkeep and maintenance on the owner’s behalf. The development also boasts a hotel, restaurant, indoor heated swimming pool, Jacuzzi, sauna, Hammam, gymnasium and spa facilities.
Find out more about MGM’s new developments contact MGM French Properties on Tel: 0207 494 0706 or visit www.mgmfrenchproperties.com.