By Shane McGinley
The French Alps continues to offer the best return on investment
As the latest ski season begins to a get underway, France continues to dominate the ski property investment market, holding the top three positions in the latest Knight Frank Prime Ski Property Index.
The latest quarterly report looked at how luxury residential property prices performed during the second quarter of 2012.
“The fact that property prices in the French Alps appear to have stabilised faster than in some of the key North American resorts can be attributed to a number of factors,” said Kate Everett-Allen, a research associate at property agency Knight Frank and author of the report.
“Firstly, many French ski resorts are located at high altitude, which makes them generally more reliable in terms of snowfall. Secondly, the French resorts are well established, most offering an array of sports and activities beyond skiing.
Finally, significant investment over the last five years has been ploughed into these alpine resorts, which has improved the quality of skiing, accessibility and infrastructure,” she said.
“The 2010/2011 season proved to be surprisingly robust with a strong level of sales activity in the French alpine resorts. Courchevel, Méribel, Megève and Val d’Isere performed well with the best properties attracting interest from more than one buyer which enabled sales to be completed at or near the asking price,” added Matthew Hodder-Williams, head of the French Desk at Knight Frank.
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