Property-hunters in the French Alps are being treated to exceptional conditions in 2015, thanks to the favourable exchange rate, cheap mortgages and the opportunity to purchase hassle-free leaseback properties, said FranceBuyingGuide.com in February.
"The euro is hovering around a seven-year low against sterling, making property across the Eurozone cheaper," said Tamsin Roser, country specialist at FranceBuyingGuide.com. "However, French ski homes in particular now appear great value for money, thanks to the cost of comparative homes in Switzerland suddenly rocketing to foreigners with the surge in value of the Swiss franc. Meanwhile, French mortgage rates remain at historic lows, for both residents and non-residents, with typical deals starting at just 2.2 per cent for a variable mortgage over 10 years, and 3.25 per cent for a 25-year fixed-rate mortgage.
"Homes in the French Alps are often deemed a safe long-term investment, with a reliable rental record, thanks to strong demand from both the domestic and international markets. And for buyers who want a ski home that looks after itself, there more opportunities than in other second home destinations to purchase with a leaseback contract. Complementing savings on the exchange and mortgage rates, leaseback properties are exempt of VAT, making it a triple whammy for British buyers. The Haute-Savoie is especially popular right now and two new leaseback developments that stand there are MGM's Kalinda residence at Tignes 1800, a new resort within Espace Killy, and the developer's new residence in Valmorel, which won a prize for its family-friendliness last year."