THE ADDRESS Magazine Summer 2014 - Page 151

A select number of elegant ski apartments that unite rustic charm with an effortless, modern lifestyle T he appeal of a long-term lifestyle investment combined with comparatively stable prices and cheap mortgages are the key reasons an increasing number of overseas buyers are looking to acquire French ski property. Ski properties have limited supply, a captive, regular rental market and are very desirable to own, all of which help prices to remain relatively buoyant compared to other second home destinations. Homes for sale in the Chamonix area have this season attracted one of the highest rises in interest from buyers. Chamonix is one of the most popular and exclusive ski resorts in the Alps, a world-class winter sports destination, with easy access from important European destinations. And not only is it a great winter destination, Chamonix offers a fabulous array of warm-weather activities too. In fact there are now as many summer visitors as there are winter visitors. In a landmark deal, the Chamonix lift management company, Compagnie du Mont-Blanc, and the Chamonix council have announced a 40-year investment programme valued at €477million, which will see the upgrading of ski lifts and other facilities in the area. All of this means that the future is looking ever brighter for astute investors in Chamonix real estate. Chamonix attracts a wide range of nationalities, including buyers from Northern European nations, as well as those from the UK and Russia. Chinese, Koreans and Indians are also becoming more and more a factor in the Savoie region. For buyers seeking the ease of low-maintenance living and a yearround mountain lifestyle, these classic freehold ski apartments represent one of the best options for a luxury property investment in Chamonix. Offering an intimate environment of exclusivity and grand style, it is a limited selection of only six brand new ski apartments rarely available in Chamonix. The setting is sunny and southfacing, affording great amounts of www.theaddressmagazine.com 151