Austria is still one of the world's most stable economies and with the UK interest rate dropping markedly, 6% is a competitive return
London (PRWEB) January 12, 2009
Ski lovers looking for a secure investment with competitive returns can now enjoy 6% per annum on a mountainside chalet at the Hagan Lodge ski resort in Ausseerland, Austria. For more information visit: http://www.hagan-lodge.co.uk
AlpenParks is Austria's largest ski resort developer and the luxurious Hagan Lodge resort is the first open to UK investors, offering a rare opportunity to own an authentic mountainside chalet in one of Austria's premier ski locations. Hagan Lodge is a family-friendly ski resort with a dedicated children's ski school, beautifully crafted chalets and hours of skiing from the front door.
In addition to fabulous dual season holidays, there are now two rental options available to investors. Owners who only wish to use their chalet for two weeks per year (one week in winter and one week in summer) can earn a bank guaranteed yield of 6% per annum for three years. Owners who wish to use their chalet for up to 12 weeks per year can rent their property either independently, or through AlpenParks, with rental returns depending on the amount of personal use.
"Austria is still one of the world's most stable economies and with the UK interest rate dropping markedly, 6% is a competitive return," explains Jonathan Jennings, Director of AlpenParks UK.
The Loser Mountain boasts 29km of perfect pistes and a host of cross-country trails, downhill descents and a freestyle fun park for boarders. In summer there is no end to the nearby outdoor activities that can be enjoyed including fishing, hang gliding, hiking and an indulgent spa treatment centre.
All the chalets at Hagan Lodge sleep a maximum of nine people and come with the latest luxury fittings and furnishings, including an indoor Swedish sauna and optional outdoor hot tub. Prices range from €365,000 to €374,000, and the sale price includes all the costs of solicitors, notaries and taxes so there are no unexpected expenses. The capital gains tax of 50% in Austria is waived after 10 years, and there is also no inheritance tax.
The Loser Mountain, home of Hagan Lodge, is only 2½ km from the lakeside village of Altaussee and 1½ hours east of Salzburg.
For more information about Hagan Lodge and the other great resorts from AlpenParks visit http://www.alpenparks.co.uk.
AlpenParks was established in 2001 and is Austria's largest ski resort developer. Mortgages are available through AlpenParks with a loan to value rate of 60%. Mortgages are arranged through Austria's premier bank, Sparkasse, and normally take four to six weeks to arrange. Buyers only deal with the AlpenParks team directly. AlpenParks will hold annual management meetings in London where UK-based owners can give feedback and have input into decision-making.