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Added 01/12/08
French Alps continue to appeal to British Fly to Let investors  


A developer in the French Alps reports that a quarter of the buyers of properties sold off-plan in its latest new scheme are British.

As construction work gets underway at Le Telemark, a new residence de tourisme of 57 ski-in/ski-out leaseback apartments at Tignes Le Lac, French mountain and lakeside property specialist the MGM Group reports that 39 of the properties already have been sold with 10 of them being snapped up by UK buyers.

Nathalie Turchet, MGM’s London-based UK sales manager said: “Clearly the appeal of these properties to British buyers is that they meet three requirements – a high quality second home to enjoy winter sports in one of Europe’s top ski resorts, a great base for summer holidays and a guaranteed source of rental income.”

Located close to the residence are ski lifts giving direct access to the 300 km of slopes within the Espace Killy skiing area.

Within a 15 minute walk of Le Telemark is an 18-hole golf course around the Chevril Lake which has a sailing centre nearby.

Chambery Airport is less than two hours away from Tignes by car. The airports at Lyon and Grenoble are two-and-a-half hours by road.

Properties at Le Telemark are available for leaseback purchase only. Prices range from €232,000 for a one-bedroom apartment to €795,000 for a four-bedroom duplex home. They exclude VAT waived under the leaseback scheme.


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