The French property market enjoyed a positive year in 2018 and things look set to continue into 2019. Putting the Brexit stalemate aside, the property market fundamentals in France are positive and with the London property market showing signs of continued difficulty France represents a good investment prospect, particularly taking into account the fact that interest rates have remained low.
For non-resident buyers looking to invest in French property the Alps have long been hugely popular, coming second only to the Côte-d’Azur region. If you have a large family, or a group who you ski with regularly, investing in a chalet may become an interesting prospect and make financial sense – especially if you plan to both use and rent the property out, and enjoy what the Alps have to offer in the summer months. Many ski resorts are adapting to lower snowfall periods by developing their year-round tourism offers; in addition to the skiing it is important to assess the summer potential of the property.
While resorts such as Méribel and Val d’Isère are very popular, properties come at a premium and looking further afield there are many villages with a wealth of Alpine charm which are less well known but, if you are looking to remain under a threshold price-wise, will allow you to find larger properties for your budget. Equally if you are looking for access to a wide network of pistes but prefer to be away from the hustle and bustle of the après-ski crowd in a family friendly environment, smaller resorts are well worth consideration.
One such area is Peisey-Nancroix which is a cluster of traditional Savoyard villages linked to the Les Arcs region via Plan Peisey. Located at 1300m altitude in Moulin, one of the three villages of Peisey-Nancroix, the 6 bedroom 18th century farmhouse pictured above, has been completely restored maintaining many of its traditional features and can accommodate up to 16 guests. The property is minutes from the slopes of Les Arcs and the Vanoise Express right in the centre of Paradiski, making it possible to go to Les Arcs, La Plagne or both in a day. The chalet has a large open plan living and dining area and balcony with views of the of the mountains and Rosuel valley. It is currently for sale at €1,080,000. www.chaletlepasseu.com
Whether you are looking for a chalet or an apartment, traditional or new build, now is the time to make the most of upcoming ski trips by viewing properties whilst you are there.
Emily Southcombe is an independent property search and relocation agent
+441727 841 884