France is famous for its delicious cuisines, scintillating scenic locations and white sandy beaches. While the summers in France promise plenty of entertainment, the winters turn the page as tourists get ready to treat themselves to a fantastic time out on the snow. Although the country is dealing with an economic recession, ski resorts in the French Alps continue to attract millions of people each year. If you're looking to make a good bit of business, a ski chalet or resort is a great option to consider.
Ski towns such as Chamonix have developed considerably over the years. Towns close to the popular ones have also undergone renovations to serve as world-class ski holiday towns. Those such as Argentiere have seen a significant increase in the value of properties, and with further development in order, prices are continually on the rise. If you're thinking of purchasing a ski property in France, or building a new one, Argentiere is a town you must definitely consider.
Building and renovating resorts
Instead of buying a well-to-do resort for a high price, you may choose to purchase a property and build one in your own customised way. Another great option would be to purchase a resort or chalet that isn't doing very well in terms of business, and have it renovated to improve the returns. For instance, you can purchase a whole farm that includes outbuildings and land that is located close to ski areas for around 250,000 GBP. You could then convert this property into a resort or a home with many rooms, etc. Purchasing a large property is easier than getting your hands on a one-bedroom apartment due to the economic climate in the county.
Properties that are located in close proximity with the slopes will be favourable as the rental yield you make will be pretty attractive. Since there's no shortage of tourists in the French Alps throughout the year, you can be assured of flowing income. During the spring, the region is known to attract climbers, hikers and walkers while the summer is popular among those who are interested in riding horses, mountain biking, white water rafting and cycling.
If you want to make the most of your budget and purchase an affordable property that will deliver a good performance all the year round, look for something that will flourish during every season. Some locations are ideal for just the winter months, while some others will attract people throughout the year. So make sure you've done a thorough research before deciding which property you will be purchasing. Since property prices throughout the country have dropped incredibly, the best time to purchase a French ski property would be now!
Martin Wynn
