Investment opportunities

Probably a bit off topic, anyone have any places where property prices are low and the area seems to be getting busy?

Long shot, but i am always looking at Ski resorts.

cheers,

capt.

Wait a while, the Italians all have second homes and are getting into trouble.

More and more on sale, but prices still too high. Give it another year at least.

Don't buy small studios. Clients are looking for quality and space these days. Not a 1970s shoe-box.

Volf

oooh, there's a couple of places in SagnaLonga above Claviere. Very exclusive. I'm sure I could rent them out for you.

http://www.benimmobiliari.it/annunci-residenziali/96819-villa-singola-vendita-cesana-torinese.html

Volf wrote:Wait a while, the Italians all have second homes and are getting into trouble.

More and more on sale, but prices still too high. Give it another year at least.

Don't buy small studios. Clients are looking for quality and space these days. Not a 1970s shoe-box.

Volf

Great advice but i don't think that your average working man has a spare half a million Euro's to spare for a ski challet...

Quality & space doesn't come cheap in the hills. Depending on which resort you invest into a shoe box studio could and probably would more than pay for itself over the seasons. Unless i got my maths wrong at school isn't that what we would call an investment?

A 20m2 box will cost Euro 120K minimum. Rent from that around 4k per annum. Take off mortgage interest, agency fees, local taxes, building maintenance charges etc. You then have an overpriced shoe-box bringing in nothing.

Hi,

There are two new apartment complex's being built in Bourg-St-Maurice, on is on the corner of the main cross roads just up from the Train Station, the other is at the other end of town.

The apartments have been built by MGM and are available on Leaseback or out right Freehold, the freehold apartments start at around 130,000 - 140,000euros for a good size 1 bedroom apartment and upwards in price and size from there.

There are also plenty of resale apartments and small/medium and large half chalet and full chalets for sale.

In the Les Glieres apartments where I have my apartment there are a few for sale, these range from a 17sq/m studio for two at around 50,000euros up to larger properties 25sq/m ( which can accomadate 4-6 people ) to apartmets of aound 70 sq/m or so, the 25sq/m apartments which if they look over the town and up to Les Arcs and La Rosiere from one end , and at the other look out over the pool and gardens range from about 80,000euros to 96,000euros, with the larger apartments coming in around 125,000euros or so.


The beauty of Bourg-St-Maurice is that it gives access to several major resorts and areas, including Les Arcs ( direct via funicular railway) La Plagne, La Rosiere ,Ste-Foy ,Val D'isere and Tignes and the Trois Vallee's resorts also all of which are within 7 minutes via the funicular to Les Arcs 1600 , and the others being reachable within 40 minutes to about an hour.Also there is the direct train link with eurostar,SNCF,TGV to Bourg itself from London,Ashford and Calais, and also within 2- 2.5 hours from Geneva , Lyon,Grenoble and Chambery airports.

In the summer months there are fete's,Music Festivals ( Folk ,Jazz etc) and is also periodically on the route for the Tour de France, and World and European White Water Championships.


All in all a fantastic Town and stunningly beautiful part of the
Alps with high alpine walks and several glaciers so summer skiing is also popular ( Tignes, Grande Motte for example ),also in summer you can drive over the Col u Petite Saint Bernard into La Thuile Italy, and onto courmayeur.

Jon

P.s I will post a good website for french property once I have dug out the address.

Hi Again,

Here's the link...

http://www.frenchpropertylinks.com/buying.asp?rr=RA

You could also look on the following websites...

Century21 Alberon Immobiliere
AB Serti
Lamy Savoie
Socogest Immobiliere
Solvimo Immobiliere

Best of luck

Jon.

Well, if this is purely investment, and if your funds are in £Sterling, then I wonder if €zone or CHF is attractive at all? On a historical basis the £ is pretty weak against these currencies. So I wonder if the USA wouldn't be a better market to invest in, especially given the relatively distressed residential market background?
If it's partly for your own leisure use as well, then that's a different matter, and I'd say a rather more difficult judgement to make.