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French Alps remains firm favourite with Brits



Country:  France

26 November 2008

A leading developer in the French Alps reports that a quarter of the buyers of properties sold off-plan in its latest new scheme are British.

At Le Telemark, a brand new residence de tourisme of 57 ski-in/ski-out leaseback apartments at Tignes Le Lac, French mountain and lakeside property specialist the MGM Group reports that 39 of the properties already have been sold; ten of them to UK buyers.
 
 Nathalie Turchet, MGM’s London-based UK sales manager, says: “Clearly the appeal of these properties to British buyers is that they meet three requirements – a high quality second home to enjoy winter sports in one of Europe’s top ski resorts, a great base for summer holidays and a guaranteed source of rental income.”
 
Located close to the residence are ski lifts giving direct access to the 300 km of slopes within the Espace Killy skiing area. One of the best-known and, at an altitude of 2,100 metres one of the highest resorts in the French Alps – making it also one of the most snow-sure – Tignes is used by the national ski team of France to train for international competitions.
 
Within a 15 minute walk of Le Telemark is an 18-hole golf course around the Chevril Lake which has a sailing centre nearby. Prices range from €232,000 (£197,000) for a one-bedroom apartment to €795,000 (£676,000) for a four-bedroom duplex home.

Prices exclude VAT at 19.6% and include a further reduction in lieu of rental income during the 11-year term of their lease agreement.



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