Winter train service could boost property prices in the Alps, according to expert
A new winter train service between London and the French Alps is set to boost the region as a property investment prospect, it is claimed.
The new winter service starting on December 19th 2010 will allow passengers to travel direct from St Pancras and Ashford International to Moutiers, Aime-La-Plagne and Bourg St Maurice in the heart of the Alps. The journey will take seven hours, passing through stunning scenery with returns fares costing around £149 per person return.
‘The French Alps have and always will offer the finest skiing in Europe in my opinion. Ski property with quick and easy access from the UK is in particularly high demand and the news that you can go from London to the Alps in seven hours spells good news for owners. I fully expect demand and subsequently property values to rise,’ said Charlie Williams, French property expert at Experience International and passionate Alpine skier.
There has been a marked increased in the number of people choosing to visit France by train as opposed to flying with Eurostar reporting a 6% rise in passenger numbers during the first half of 2010. Environmental concerns combined with the impact of the volcanic ash cloud earlier this year and the rising trend of travellers choosing rail travel over short haul flights is believed to have accelerated this growth.
One resort tipped by Williams as a hotspot for the 2010/2011 ski season is Sainte-Foy-en-Tarentaise. Located just 15 minutes from the train station at Bourg St Maurice and 15 minutes from both Les Arcs and Val d’Isere, he describes it as an unspoiled resort that has long been the preserve of experienced guides bringing their clients over from nearby Val d’Isere to enjoy the famous powder and off piste skiing available.
‘Thanks to some sensitive re-development this Savoyard town has been reborn as a luxuriously quiet retreat for families and groups alike. Prices increased by 7.5% over 2009 and in response to demand for quality accommodation a prestigious developer has released La Chapelle, a ski-in ski-out development with many facilities and outstanding views on the leaseback system with 100% finance,’ he explained.
With a freehold leaseback property, owners can enjoy guaranteed index linked returns for 18 years as well as personal usage including an extra four months during the summer. The first phase is almost sold out but prices for the soon to be released second phase of four one to four bedroom luxury properties start from £185,000 with furniture, ski locker, storage and underground parking included.