Common sense dictates that alpine properties located near ski lifts would fetch a premium price, but Athena Advisors says deals are available for chalets that are conveniently located near the lifts. Realtors say bargains for well-situated properties under €500,000 are not easy to come by, but that there are some out there and many buyers are now families looking for premium vacation homes. Developers in many alpine locations are now trying to take advantage of demand by building new properties in these prime ski locations. For more on this continue reading the following article from Property Wire.
Location is really important for being investing in ski property but a property near the ski lifts does not have to be super expensive, it is claimed.
Over 89% of enquiries about ski properties have been for apartments and chalets located within a 100 meter walk from the pistes, lifts and other amenities, according to Athena Advisors.
‘Investors like super prime locations as they provide the best returns, but we’re now seeing more lifestyle purchasers, like families, request such properties as it means their children don’t have to travel far by foot,’ said Nicholas Leach at Athena Advisors.
‘Properties in super prime locations very rarely changed hands so buyers with budgets of €150,000 to €500,000 are normally priced out. However, occasionally buyers can get their hands on properties in great locations without the customary seven figure price tag,’ he added.
An example is Les Fermes de Chatel, a brand new collection of ski properties in Chatel in Haute Savoie in the French Alps. They are located at the top of the village in front of the slopes and adjacent to the Super Chatel ski lift.
According to the firm these high specification properties occupy what is considered by many to be the most sought after prime location in the traditional Savoyard ski resort with prices starting at €145,000.
‘Les Fermes de Chatel definitely has a super prime location, yet its price tag would suggest the opposite. It is highly rare for a new collection of ski properties to be in such a position, especially in a resort such as Chatel,’ explained Leach.
‘Plots like this, in such a perfect location in front of the slopes and at the top of the village, only become available once every generation so this is highly unique. If you combine this rarity with the fact that these properties will have excellent private facilities and will be built to very high standards, it really does make this a very compelling opportunity,’ he added.
They are being built directly in front of the slopes and adjacent to the Super Chatel telecabine which links to the massive Portes du Soleil ski domain. They are also close to shops and also have panoramic views over Chatel.
‘Chatel is not a sprawling resort and this means that there are only a handful of properties which can truly call themselves ski-in, ski-out, of which Les Fermes de Chatel is now one,’ said Leach.
‘We expect these new properties to be in very high demand, not only because of their build quality and location in the village, but also because of Chatel and all the reasons which have made this resort so popular with international alpine enthusiasts and especially with the announcement of a new lift linking Linga and Super Chatel,’ he pointed out.
Chatel is one of the most popular resorts in the Portes du Soleil ski range. It is 90 minutes by road from Geneva Airport and links with 12 French and Swiss ski resorts via the Portes du Soleil ski area.
The properties at Les Fermes de Chatel are available through the leaseback structure which provides owners with consistent guaranteed rental yields and personal usage. Up to 5% returns are available which the firm said represents the best yields of any leaseback property currently available in the village.
‘Because this project is in such a prime location, the highly experience rental management group Odalys are very confident of the projects rental potential. As a result, Les Fermes de Chatel offers the highest rental yield of any leaseback ski property available in Chatel,’ added Leach.
This article was republished with permission from Property Wire.