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Is Ski Property A Good Investment

Is Ski Property A Good Investment

March 28, 2014 in Blog, French Property News by

Ski Property

Over recent years the popularity of skiing and snowboarding holidays has skyrocketed. An Alpine winter sports getaway has become one of the most desired products that travel and leisure companies have to offer. The world-class ski resorts located in the French Alps attract millions of tourists every ski season. The main attraction is reliable snowfall above 1600 metres, which makes the Alpine slopes into the perfect playground of pistes for all levels of skier or snowboarder. Add to this the lively après ski, gourmet cuisine, rich French culture, charming chocolate-box villages, stunning scenery and activities for all the family – and it is easy to see why France holds the top spot in the hearts of skiing enthusiasts around the world.

Investment returns

Each year more savvy investors are realising the incredible rental potential that exists in owning Alpine property. With such large numbers of tourist flocking to the region every winter, and more adventurous souls returning to experience their favourite Alpine resorts during summer months every year, the demand for short-term rental accommodation is huge. Purchasing a ski chalet in a popular resort, as a second home or a rental investment, could turn out to be the best thing you ever did.

Ski Property Types

The style and size of properties available in the French Alps is diverse. If you are looking to purchase a second home for your own use, you must take into consideration a variety of factors. The most important thing is to visit any resorts in which you are considering purchasing property both on and off-season. The liveliest of winter resorts can become ghost towns in summer months, and while you may enjoy the peace and tranquillity this offers, it may also mean that availability of goods and services is scarce. Once you have decided on a location, you also need to think about what you want form a property. Are you drawn to traditional wooden chalets or ultra-modern apartments? Will this be a family home, or a romantic rendezvous for you and a loved one? Make sure that the property you purchase provides all the space and facilities that you are likely to require.

Ski Property Investment

If you are planning to purchase an investment property that you do not wish to make personal use of, such considerations are even more important. You need to be aware of who you are marketing to and what needs they will have. Location, proximity to ski lifts, après ski, other activities on offer, and life during summer will all play a big part in determining the suitability of a property or resort for different sectors of the rental market, as well as the size and style. You also need to consider how the property will be furnished, what comforts and services will be provided for guests, and how the property will be managed. Luxury ski chalets should be richly furnished and fully managed by an experienced company. Guests will expect all the little extras to be provided, as well as services such as chauffeurs, chefs and even masseuse. On the other hand, smaller ski apartments tend to be very basic and rented on a self-catering basis.

The best place to start is by consulting a trusted buying agent. They will be able to determine the best areas and properties to suit your business plan. They will also likely have a network of contacts including professional reputable management companies. Finding a good buying agent who is fluent in both French and English can make the purchase of investment ski property a smooth and simple process.

 

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