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MGM French Properties launch new development in ski resort Champagny-en-Vanoise, La Plagne

PUBLISHED: 10:51 21 December 2015 | UPDATED: 11:10 04 May 2016

The proposed new development Les Balcons des Etoilés in the heart of beautiful Champagny en Vanoise

The proposed new development Les Balcons des Etoilés in the heart of beautiful Champagny en Vanoise


MGM French Properties is delighted to announce the launch of a new development in picturesque Champagny-en-Vanoise. Perfect for buyers looking for a hassle-free second-home, the new Les Balcons des Etoilés is located in an enviable position at the heart of the village and features six chalets comprising of 47 one – three-bedroom apartments.

Chocolate-box  Champagny en VanoiseChocolate-box Champagny en Vanoise

With the pound to euro exchange rate reaching its strongest point for seven years earlier this year , Richard Deans of MGM French Properties explains that “today’s exchange rate means that a €450,000 property is now £55,000 cheaper than it was in March 2014– a huge incentive for prospective purchasers. We have noticed a definite increase in pre-season enquires across the Alps this year thanks to promising early snow, the strength of the exchange rate and greater confidence in the market. A number of units have already been reserved during our pre-launch period.”

A hidden jewel in the Alps, this chocolate box resort is situated in the Savoie region recognised for its breath-taking natural beauty. Champagny-en-Vanoise is one of 11 picturesque villages in the renowned La Plagne ski area. At an altitude of 1,250, the traditional Savoyard enclave is built around a 17th century church and retains much of its original charm.

A skier’s paradise, the La Plagne ski area offers over 435kms of pistes and is linked to Les Arcs via the ‘Vanoise Express’. The largest cable car in the world, it can cross three resorts, Les Arcs, Peisey-Vallandry and La Plagne in just 4 minutes. The resort is also only 20 mins away from Courchevel where ski devotees can explore the world renowned trois valley ski area. Other adventurous activities in the area include ice-climbing on natural waterfalls, skidoo riding, hang-gliding and snow-shoeing.

Inspired by traditional Vanoise architecture, the attractive development is built with local wood and stone and is expected to be in high demand year-round. Within close proximity to the slopes, all residences enjoy stunning views of the Vanoise National Park which is often referred the ‘Great Garden of France’. These turn-key apartments are fully-managed by the MGM team with underground parking and cellar storage as well as use of locker rooms, a laundry and drying rooms and access to a range of top-class facilities including an indoor pool, fitness suite, gym, sauna, jacuzzi and steam rooms, as well as an OdesCimes beauty centre with a variety of massages and treatments on offer.

Champagny en Vanoise in the summerChampagny en Vanoise in the summer

All properties in the new development are sold as leaseback saving investors 20% VAT on the purchase price. Owners still gain 100% freehold ownership as well as a fully-managed property, guaranteed rental income and up to 10 weeks usage across high, medium and low seasons. Setting MGM French Properties apart is the fact that they allow owners to maximise personal use at the most desired times of year such as Christmas, Easter and February half term. For more information on the leaseback model click here.

Example rental income of an MGM Property: 3 to 4 weeks use in winter or summer can generate between £3,800 (€5,500) and £6,300 (€9,000) per annum for 1 – 4 bedroom apartments respectively. Higher or lower usage packages are also available.

Pricing: 1 -3 bedroom duplex apartments from £150,000 (€213,000) to £270,000 (€383,000) (NET of VAT via leaseback purchase) Completion: Christmas 2017 / +44 203 327 7671

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