Where to invest in the mountains
PUBLISHED: 12:15 15 January 2009 | UPDATED: 20:00 06 February 2012
Hervé Rabret, International Sales Manager at Lagrange Patrimoine looks at where to invest in the mountains
Buying property in the mountains does not differ much from buying anywhere else. The three main rules still apply: location, location, location…but with a slight difference.
Try to choose a ski domain that remains within a two-hour drive of a train station or an airport to maximize rental potential. Choose a domain that gives you plenty of kilometres of slopes so that you don’t get bored after two days’ skiing.
Statistics show that in the coming years, holiday-makers will take altitude into account much more when choosing where to ski; buying now at medium or high altitude ensures your property will retain its value.
The alternative to buying at high altitude is to look at low-altitude towns that are directly linked to big domains and often have spa centres which add year-round appeal.
Check out the facilities that the development includes; many incorporate stylish interiors and decoration as well as a heated indoor swimming pool, sauna or whirlpool. Think about après-ski activities as holiday-makers want to have fun off the slopes too.
Buying through leaseback means you get the VAT refunded on the cost of your investment (19.6 per cent in France) provided you sign a commercial lease with a management company who offer your property for rent when you are not using it. Ensure that your leaseback investment is adequately marketed by choosing a company with wide distribution points.
Add value to your property by considering whether it is ski-in/ski-out, how close it is to amenities and whether it’s in a resort that offers activities during summer.