This week’s news that Annecy in the Haute-Savoie region of France has been selected to compete with Munich in Germany and Pyeongchang in South Korea to host the Winter Olympics in 2018 means that British investors could soon be ‘going for gold’ in the race to secure properties tipped to soar in value in the run-up to the event.

Some Fly-to-Let investors will be keeping an eye out for confirmation of the final winner, due to be announced in July 2011 before making any decisions.

Others may take a gamble by buying in to one of the favourites for the Winter Olympics while property prices are cheaper, knowing that the value of their investment will rise considerably both in terms of capital growth and rental opportunities if that country’s bid is successful.

The MGM Group, the Annecy-based developer, has eight residential schemes planned or underway in the historic town and villages around its lake.

Nathalie Turchet, MGM’s London-based UK sales manager said: “Although still relatively unknown to Britons, the picturesque ‘olde worlde’ town in the foothills of the French Alps, with its ‘Little Venice’ canal network, restaurants, cafes and weekly markets, increasingly will be the subject of countless conversations and media reports as the competition hots up.

“If Annecy wins it is inevitable that the demand for property will soar as planning for the Winter Olympics gets underway, so capital growth and rental incomes can be expected to rocket.”

The scope for good rental returns is already high in the university town which regularly hosts international conferences, festivals and sporting events.

Annecy is only half-an-hour by road from top ski resorts like Le Grand Bornand and La Clusaz which will be among those participating in the Winter Olympics if Annecy wins.

If the region was the winning bid MGM Group has already expressed that it would be keen to become a major supporter of the Winter Olympics.

Turchet continued: “We would be looking for significant sponsorship opportunities but it is too early to say whether we would be bidding to build the Olympic Villages planned for Annecy and Plaine du Mont-Blanc.”

© Fly2Let.net Ltd 2010 l Terms of use l Contact l Free Subscription l Webmaster
Brazil l Bulgaria l Canada l Cape Verde l Croatia l Cyprus l Dubai l Egypt l France l Germany l Hungary l India l Italy l Morocco l Portugal l Romania l Slovakia
South Africa l Spain l Thailand l Turkey l UK l USA l Other Countries
Investment Property l Off Plan Developments l Ski Property l City Apartments l Golf Property l Beach Front Property l Land Investment
Cheap Flights l Car Hire l Property Finance l Property Insurance l Travel Insurance l Property Maintenance l Overseas Removals l Currency Exchange l Exhibitions & Seminars