Why 2016 is a great year to invest in the alps
In 2015, British investors’ interest in the French Alps sky rocketed. Property sales and enquiries were at the highest levels in over ten years. This can be attributed to last year’s excellent conditions for buyers: the Euro exchange rate was the best for seven years, interest rates were low, and property prices very flexible.
With last year’s sudden surge in interest, what can we expect from 2016? Are the conditions still favourable? What can potential investors expect?
ADVANTAGEOUS CONDITIONS FOR POTENTIAL INVESTORS
Many property investment specialists have reported that sales to British investors have been continually high since the beginning of the year. Although the strength of the pound has dropped slightly since last year, it is still much stronger than it has been compared to recent years. Moreover, interest rates are still low. Although price levels have stabilised and are expected to rise marginally throughout the year, prices are still advantageous for buyers looking to capitalise on their budgets.
SUMMER HOLIDAY INDUSTRY GROWING
The rapid growth of the Alps’ summer holiday industry is yet another reason to invest in French mountains this year. Rental residences already have low vacancy rates, what with the uniquely long ski seasons and excellent ski conditions attracting around 55 million visitors per year (Source: Home Hunts property blog). However holiday makers are now also looking to the region for summer holidays: hiking, biking, fishing, rafting, paragliding, golf and plenty of sunshine.
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