Author Archives: Gareth Jefferies

Skiing and Saving: Renting your Alpine Property!

The apartment itself is set up for the rental market and has a solid existing client base, as well as a website that can be transferred to the new owner. With about €14,500 taken in bookings already for the season 2013/14 (which would be passed directly to the new owner), this property comes with a guaranteed return-on-investment of 5% GROSS ROI for the coming season.. That’s 10 times better than the Bank of England’s rate!

Chalet for sale in Les Gets

Chalet Frollie: €695,000 This 5 bedroom, 4 bathroom chalet is perfect for the rental market. Low maintenance, it means that management from afar is very low-hassle. Less than 5 minutes walk from the nearest ski-lift and the village centre ensures all the action is nearby, but the chalet itself is in a nice quiet neighbourhood. Perfect for family rentals! With an annual turnover close to €35,000, a solid client base and an established website, this chalet also offers a fabulous investment opportunity.

If you’d like to know what the annual costs are associated with these rentals please let me know via the contact form on our website. This will make the NET ROI easy to work out. It’ll beat the current rate of inflation which is 2.4% and that leaves capital appreciation which is doing well at the moment.

With the massive growth seen lately in road biking and triathlon holidays boosting summer rentals, and the well established family and mountain biking holidays the investment potential of a property in the Alps can only continue to grow!

We’ve written an article here on the different ways to gain a rental return.

Ski investment at the Espace Roc d’Enfer

Investment for this year includes groundworks on many of the pistes making them better for skiers at a cost of 130.000€. Snow canons have been added at La Cheverie side from the top of the Graydon chairlift all the way down to La Cheverie itself at a cost of 460.000€. A new drag lift called ‘teleski du lac’ is being built to bring skiers up from the Roc d’Enfer circuit allowing them to easily ski back down to the bubble lift. This is 350m long and is costing 330.000€. There are also plans for a new blue piste in the forest from the top of the bubble lift all the way down to the bottom.
I’ve taken some pictures of the work and plotted the line of the new lift.

and some photos here taken 22nd of December 2013

The latest piste map with the area in question circled.
espace roc d'enfer piste map

Good reasons to buy in the Alps

The first one is in The Times, it’s topical as it features Vallorcine (see Chalet Regards above) in it’s article “Where to ski this winter”. Here is a link to the article, and a little image too.

http://www.thetimes.co.uk/tto/travel/holidays/wintersports/article3885982.ece

The Telegraph has the “Worlds best ski runs”, the Haute Savoie gets one, the Swiss Wall in Champery, though they claim it’s in Avoriaz, France, doh!

http://www.telegraph.co.uk/travel/snowandski/features/10356840/The-worlds-best-ski-runs.html

and the best family ski resorts, Avoriaz again and Flaine.

http://www.telegraph.co.uk/travel/snowandski/10339051/The-best-family-ski-resorts.html

The Guardian went left-field with an article by Andrew Gilchrist, very engaging too with loads of comments.

http://www.theguardian.com/travel/2013/oct/04/italian-dolomites-ski-snowboard-safari

Giving your chalet a makeover

The final stages of finishing off a renovation are often overlooked, the furnishing and decorating of the newly renovated apartment or chalet is often left to the owners to undertake – a daunting enough task close to home! Many of the renovation projects managed by members of the Alpine Property team are finished off by professionals, you’d imagine that this would increase the cost even more, it doesn’t have to. Especially if you take into account the amount of time you would need to finish the job. Time better spent enjoying the finished product!

Liz Ockelton – MAKE SPACE DESIGNS (www.makespacedesigns.com) has completed a number of projects for Alpine Property. Here are some of the results.

1. Chalet Robri in Morzine.  Situated in out of the  most sought after locations in Morzine and well worth going to some effort to present in the best possible light.

1. Chalet La Roche SAMOENS – sold by Denis Barbier of Alpine Property renovations completed by MSD adding an extra bedroom and now 4 new bathrooms. The original property listing is here. A selection of photos of the updated chalet are below.

2. La Christiana MORZINE – sold by Lee Massey of Alpine Property though before it ended up on the website. Newly furnished by MSD.

3. This BONNEVAUX farm, sold by Claudia and Ed. Chalet Bonnevaux. The original listing is here, this old farm was habitable but it has now been renovated. Below are some images of the construction and renovation work.

Ultra Trail du Mont Blanc update

Here are some images from the 168km Ultra Trail race that took place last weekend in the Mont Blanc area.

Competitors left Chamonix at 4.30pm Friday and these pictures are from the first feed station in St Gervais. The earliest runners reached it in under 2 hours. Volunteers, friends and family lined the street to cheer them on, very conscious of the mental and physical challenges that lay ahead: to get through the entire night and following day, running. Just running.

After St Gervais, participants were headed for Les Contamines and then over the col de Croix de bonhomme into Italy and finally through Switzerland back to Chamonix.

 The Frenchman Xavier THEVENARD, won the race after 20:34 hours.

My friend who took part said it was the single most difficult thing she has ever done in her life. She finished after 37.58 hours, coming 11th in her category which is amazing in itself given she has only seriously taken up running a few years ago after the birth of her second child. When I saw her Sunday afternoon she was understandably beyond exhausted having had just a few hours sleep since completing the equivalent of ascending twice Mt Blanc from sea level and running 100 miles.

‘The last 10 hours of the race were brutal and no longer enjoyable’ she reckoned, as I struggled to comprehend how any of it can be undertaken for fun. My hat goes off to this busy mum of two young children, for completing this monumental event and for returning to work as a full time cardiac nurse after a day’s rest!

Next time my 10k runs drags on, I will think of her. Bravo to everyone who took part!

On of the pictures above is of David Kadunc who was came 27th overall with 25.35 hours of running.

Alpine Property market report

“I’m assuming that because of the current economic situation it’s a buyers market in the Alps.” It’s a common sentiment at the moment. Some of our prospective buyers from the UK are expecting discounted prices which isn’t the case and they are leaving disappointed. I guess it’s a combination of a difficult market in the UK and the UK press giving the impression that Europe is “on its knees”. Although the situation in Spain and Greece might seem closer to home many of the mainland Europeans feel pretty secure about their situation at the moment, The Alpine market is very stable and has been for the last couple of years, currently the majority of the buyers are coming from France and Switzerland. This is a big change from the pre-2008 situation where the Alpine Property market was being driven by the British. Many of the current buyers are looking for something to do with their savings and don’t see much milage in the stock market or with the banks. This is leaving the sellers feeling bullish and they are getting close to asking price.  This week I asked some of our agents for comments on the subject. These quotes are from three of them, Chatel, Les Gets and St Gervais.

  • “Those from the UK want a “good deal in a buyers market”, but they are talking about 20% off the asking price and it just won’t happen.”
  • “There is still flexibility in prices, but I can’t think of any seller that I have that would take a silly price. Offers have to be within 10% of asking price to be taken seriously.”
  • “I have sold 2 big and expensive chalets in Chatel this year before they even got onto the website.”
  • “2 and 3 bedroom apartments in 4 Elements (Chatel) have sold incredibly fast, and now the developers are bringing forward the start date.”
  • “The MGM apartments sold so well they put the prices up midway through the project.”
  • “Some difficult properties (that have been with all the agencies for years through the recession) have now been sold.”
  • “My last 3 sales in St Gervais have been asking, price or very close. One is signing in 2 weeks at asking price, the others are going thru at very close to asking price. 

Obviously these comments are a reaction to my question so they are particularly bullish, and they are only anecdotal in a broad market. There are weaker areas, which generally sit between the very expensive and the more moderately priced. As an example, none of the properties referred to above are valued between 600,000 and 800,000€. One of the latest (and most picturesque) properties we have for sale is Les Balcons de la Tournette. Pictured below. Situated in striking distance of both Lake Annecy and the skiing at La Clusaz and Le Grand-Bornand.

Chalet for sale near lake Annecy