According to the Knight Frank Ski Index report
which evaluates the performance of property
in key winter sport destinations, the value
of properties located in the French Alps has
recovered from the global recession.
(PRWEB) October 12, 2011
Increasing interest and the rise in value of properties in the French Alps according to the Q2 2011Knight Frank Ski Index, alongside new figures released by Savills International and HomeAway.co.uk stating that France has now over taken Spain for the favourite location for UK investors, has led to Experience International’s launch of a free 2011 Autumn French Leaseback Property Magazine.
According to the latest Knight Frank Ski Index, there has been a reported rise in the value of properties in the French Alps due to Eurozone buyers boosting the market.
Evaluating the performance of ski properties in key winter sports locations, the report highlights key areas in France, including Courcheval, Megeve and Val d'Isere, which have seen an increase in interest from investors.
In total, the latest Knight Frank report has found the average annual price growth for ski properties in Europe was 1.7% in Q2 2011.
This is in line with the trend for rising house prices across the country. Property in France recorded around a 3.3% increase in the three-month period from April to June - when compared to the previous quarter - according to reports by French organisation, FNAIM.
This report is particularly good news for investors and those looking to purchase French ski property, as it indicates that the French property market is recovering from the effects of the global recession.
The French property market has also seen a rise in UK investors in 2011 according to research conducted by Savills International and HomeAway.co.uk, who have reported that France has replaced Spain as the favourite destination for investment in second homes.
The research states that France’s relatively stable property market, limited house price decline and location in proximity to the UK has made the country a safe bet for British investors.
Investors looking for the prospect of a guaranteed rental income and good long-term capital growth have taken advantage of the French leaseback scheme, as the well-established incentive provides a hassle-free way for investors to purchase a second home, whilst achieving good returns.
“French leaseback property is a viable way for investors to enter the French property market,” Steven Worboys, MD of Experience International states. “The French Alps is home to some of the world’s best ski locations and is an ideal location for second home buyers. Its appeal to attract tourist all year round is particularly useful for investors looking for good rental income.”
French leaseback property provides a VAT exemption and with a wider variety of finance products now available including up to 90% mortgages and low deposits, owning a home in France, whether for relocation or second home usage, is once again a viable option for many buyers.
To view a full range of French leaseback properties, download your free Focus on France magazine courtesy of Experience International, which contains all you need to know about purchasing French ski property.