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MGM to build ski properties in Valmorel

16th February 2011 Print

Valmorel, a ski resort within the Grand Domaine area of the French Alps linking the Tarentaise with the Maurienne, is little-known to Britons but that is set to change this year as the London office of developer MGM starts encouraging Britons to buy some of the 86 apartments the company will start building there in the spring.

They will form part of a new residence de tourisme – La Grange aux Fées – located close to the centre of the village and occupying an elevated position with panoramic valley and mountain views. The new ski-in, ski-out residence alongside the chairlift will have easy access to the resort’s is 150 km of pistes. 

Valmorel, a two-hour drive from Geneva Airport at a ‘snow sure’ altitude of 1,400 metres, is reached by a scenic drive up through picturesque ancient villages and old orchards. The family-friendly pedestrianised resort, popular for holidays all year round, was built in the 1970s in the stone and timber style of a traditional Tyrolean village.

MGM’s leaseback apartments range in size from 25 sq m studios to 100 sq m four-bedroom duplexes. They are available now to buy off-plan.

Prices start at €213,000 for a one-bedroom apartment rising to €518,000 for a four-bedroom, three-bathroom property. Two-bedroom apartments (51 sq m) are €288,000 and three-bedroom properties (63 sq m) are €360,000. These prices exclude French VAT at 19.6 per cent which is waived under the leaseback scheme.

Included in the price is underground parking and cellar storage as well as use of locker rooms, a laundry and drying rooms. Four-star facilities within the residence will include an indoor pool, fitness suite, gym, sauna, jacuzzi and steam rooms, as well as a beauty centre with a variety of massages and treatments on offer.

Construction work on the new residence in Valmorel will start as soon as the current ski season has ended. The apartments will be ready for occupation in December next year.

For more details, visit

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