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Overseas Property News
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MGM has long-term market confidence
Country: France
3 February 2009
Ski property developer, MGM, is taking a punt on the long-term recovery of the French property market in the Alps, by announcing plans to build new ski-in, ski-out properties in Bisanne 1500. The small community in the Savoie region is 6km from the family-friendly resort of Les Saisies.
“Like all developers, MGM is affected by the current downturn but we are continuing to sell properties in the French Alps and the level of interest shown by would-be buyers attending The France Show in London in January reinforces our confidence in the long-term future,” says Nathalie Turchet, MGM’s UK sales manager.
“We are looking beyond the gloom of the current year and our ‘green shoots’ will be the start of construction of our latest scheme in the autumn.”
The new development, Le Chalet Ameria, comprises 12 apartments for outright purchase. Located next to the ski slopes and a five-minute walk from village shops and cafes, the properties range in size from two-bedroom apartments to a three-bedroom duplex. They have floor areas of between 42 and 88 sq metres. Off-plan prices start at €222,000 (£199,000).
The scheme follows the success of MGM’s earlier development of 120 apartments at Les Saisies – Les Alpages de Bisanne – which was completed in 2007.
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