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French property scheme sells well



Country:  France

25 June 2009 

Nearly half of the 27 off-plan apartments in a new French property residence de tourisme scheme at Chantemerle 1350 in France’s Southern Alps have already been sold ahead of its opening in December this year.

Chantemerle 1350 is one of six villages which make up the Serre Chevalier ski resort in the Southern Alps region of France, and occupies two linked chalets close to the ski slopes, mountains, shops and restaurants.

Richard Deans, London-based sales consultant with the French developer MGM which is building and selling apartments in the residence, L’Orée des Neiges, said this week: “The level of off-plan sales underlines the continuing attraction of this region, not only for summer walkers and winter skiers but also Britons who have been coming here in search of respite from asthma and respiratory problems for 70 years.

“Easy access to the region’s healthy climate and hot mineral-rich springs, as well as some of Europe’s best ski slopes and the Mediterranean coast – a three-hour drive away – are among reasons why its popularity among year-round holiday home buyers is growing.”

The scheme follows the success of MGM’s earlier residence in Chantermerle, the 78-apartment Le Hameau du Rocher Blanc which opened for business at the end of 2007.

All of MGM’s new leaseback homes are fully furnished and decorated. They have pine internal finishes with tiled and parquet floors. In keeping with MGM’s policy of using local natural materials wherever possible, the buildings are clad externally in timber and stone. Each home comes with cellar storage, a ski locker and underground parking.

“A major factor attracting investors is the way in which property prices in locations like Serre Chevalier are only three-quarters of those for comparable properties in the Northern Alps,” adds Deans.

The prices of the apartments still available at L’Orée des Neiges start at £154,500 for a one-bedroom apartment, rising to £368,500 for a three-bedroom duplex. These prices exclude VAT at 19.6% which is waived under the French leaseback scheme.


See Also:   France, Marc Da-Silva


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