Erna Low Property Launches its 2018 French Alps Property Report including the South of France
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Erna Low Property has unrivalled knowledge of the French property market, with a particular expertise in the French Alps. Erna Low Property launches its 2018 French Alps Property Report which includes the following key trends:
French Property Market Is Booming
There were a record number of sales of existing properties last year (958,000 report page 5). Along with strong international demand, this is helping to drive a wave of new developments across the French Alps.
Vaujany, connected to Alpe d’Huez, is a great example of this where Erna Low Property currently has three developments in progress with sales being fuelled by the impending 2021 lift- link to neighbouring ski resort Les Deux Alpes.
Race To The Top
French resorts are involved in a “race to the top” to become global brands – and they are investing staggering amounts of money in redevelopment and infrastructure. La Plagne, for example, has announced €455million of new spending (some of this is in collaboration with Pierre et Vacances). €12 million of this is focused on new snowmaking systems. La Plagne will also see its first 5* development of apartments – The White Pearl. Châtel continues to expand, with new developments taking advantage of its rising profile, both as a ski resort and a mountain-biking hub.
Ultra-Low Euro Mortgage Rates and the Best Currency Rates
Ultra-low Euro mortgage rates mean the cost of borrowing is cheap [see graph on page 5]; repayments on, for example, a €240,000 fixed rate mortgage are still considerably lower in 2018 than they were in 2011 and 2014.
Francois Marchand, Director of Erna Low Property adds, “Interest from UK-based buyers remains strong. The average spend of Erna Low Property clients has risen in the last two years, this coupled with the ongoing low mortgage rates mean it is an excellent time for buyers; plus with our currency expert Halo, we can ensure buyers benefit from the best rates available.”
South of France or French Alps for Summer
Buyers are ever-more interested in summer – a resort with good summer facilities, close to Geneva or other main airport – are now as sought-after in summer as in winter.
Erna Low Property has been selling properties in the South of France for over 10 years. Complementing its Alps business, clients have options in the Cote d’Azur and Provence. NEW, close to Cannes, Villa Alice offers apartments from just €150,000.
Standards Are Rising
The age of the rabbit-hutch apartment is gone, and our partner developers such as Nexalia and Terresens offer more spacious properties, with bigger windows, higher-quality finishes, and wood-burning stoves. Customised interiors (e.g. you can reduce the number of bedrooms if you want a bigger lounge), and more flexible rental schemes are all part of the scene now.
View the full report attached and online:
http://www.ernalowproperty.com/expert-advice/french-property-market-analysis
www.ernalowproperty.com/ 0207 590 1624
ENDS
Please contact Vanessa Fisher for a printed copy of the Erna Low Property French Alps Report, any information on available properties for sale and/or images: vanessa@vanessafisher.com 07957 618525
Erna Low Property was established to offer customers the opportunity to purchase properties in some of the world’s most beautiful and desirable locations. Whether looking for snow or sun, Erna Low Property helps buyers to choose the perfect property for holidays, retirement or investment.
Erna Low’s ongoing relationship with top Canadian resort developer Intrawest (well-known for pioneering Whistler and Mont Tremblant in Canada and Arc 1950 Le Village in France) led to the launch of Erna Low Property in 2003. Arc 1950, a new ski village in the French Alps and Intrawest’s very first project in Europe, was the first key property sales project for Erna Low and over the past few years, Erna Low’s property sales service has gone from strength to strength. Erna Low Property has its dedicated Estate Agency to sell properties all over the Alps and the South of France to property investors.
Erna Low Property now holds a sizeable portfolio of properties from the French Alps, across Europe and beyond. With their background as a specialist, niche tour operator, Erna Low Property and Erna Low Travel have been hugely successful in introducing many clients to both property sales and holiday rentals.
