French Alpine developer MGM describes its plans for a brand new residence de tourisme in the ski resort of Les Carroz d’Araches as ‘tip-top’ for good reason.
Work is getting underway on the final phase of a massive €100 million investment in order to create 130 more brand new apartments in what have proved to be three of the French Alpine ski resorts most likely to appeal to British tastes, it is announced this week by the region’s leading property developer, the MGM Group.
Work is well underway on the creation of a brand new residence de tourisme of ski-in, ski-out apartments available to buy on a leaseback basis in the heart of the village ski resort of Montgenèvre at an altitude of 1,850 metres in the Southern Alps.
A French property developer which six years ago stunned its rivals by acquiring a near-vertical rock face on the side of a mountain in the French Alps and announcing plans to build more than 130 apartments on it is about to perform an encore.
It appears that more and more of us are seeking a little slice of life overseas, with Conti, the overseas mortgage specialist, experiencing a 62 per cent surge in mortgage enquiries during August, its busiest month so far this year.
Far from spending their days sunning themselves on the beach in a state of almost stupor-like relaxation, it appears that British holidaymakers are demanding more and more from their holidays.
The recent government announcement detailing a reduction in the qualifying period of ownership from 30 years to 22 years for property sellers to now be eligible for exemption from real estate capital gains tax is expected to boost sales volumes in the French property market, thinks euro mortgage brokers Offshoreonline.org.
Publicity about this year’s sixtieth anniversary of the ascent of Everest by Sir Edmund Hillary and Tenzing Norgay may have reawakened interest in the allure of snow-capped mountains, explaining why this promises to be a busy summer for companies selling properties in the French Alps.
There’s still a healthy appetite for homes overseas from the British public, with the traditional locations of France and Spain still topping the hotspot lists, according to an overseas property report from BuyAssociation.
It’s a fact, we’re living longer. Average life expectancy in the UK is now 80 years according to the World Health Organisation (2010) and with better standards of living and medical advances, this is only going to increase.
French Alpine developer MGM is breathing new life into former ski resort hotels whose heyday has passed, thanks to the growing preference among families for self-catering accommodation in their own modern apartments.
Recent census data has shown that one in six people in England and Wales are now aged 65, the highest proportion ever recorded at this age and a trend we will continue to see in the coming years.
Plans to build state-of-the-art new homes in a French Alpine location which has been inhabited for more than 5,000 years have been announced by the region’s leading developer, MGM French Properties.
Just on the market in what is said to be one of the property hotspots of the French Alps is a brand new luxurious new five-bedroom, five-bathroom detached chalet.
France has rubber-stamped its position as the UK’s favourite place to buy overseas property, attracting the largest share of enquiries into information provider The Overseas Guides Company (OGC) for each quarter of 2012.
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