Credit Crunch Good News for French Ski Property

An abundance of snow, combined with the credit-crunch has brought a surge in popularity to French ski resorts, as less French residents go abroad. According to the tourism study group Protourisme over 75% of French ski property was occupied over the Christmas period. This is excellent news for the French property market says Liam Bailey chief market analyst for overseas property portalProperty Abroad. His exact words were:

"In November this year it was revealed that property prices in southern France have continued growing throughout the credit-crunch. So, this massive upsurge in the popularity of the French ski resorts is excellent news for the French property market as a whole. Property investors are widely buying-to-hold until the global recovery begins, and the best buy-to-hold properties are the ones that can make good rental incomes while you wait. If the occupation of French ski property continues then good rental yields are certainly there for the taking. That combined with the low launch prices of off-plan developments near the Alps makes French ski property well worth consideration for investment."

Property Abroad is currently listing one such low priced off-plan property near the Alps. 1 bedroom apartments in the new development in Joue du Loup are available from just £52,872.

La Joue du Loup is a small village linked to the Superdevoluy resort in the southern French Alps. Situated in the Hautes Alpes between Grenoble and Gap, the two resorts La Joue du Loup and Superdevoluy are right on the ski slopes and boast a large common ski area with downhill and cross-country skiing. The resorts offer an excellent base for skiers and snowboarders of all standards.

Activities in the area include: Cinema and swimming in Super Devoluy, fondue night in the Relais, Disco night in the village pub, Quiz/games night in the village pub, bar, restaurants, supermarket, hiring establishments, games rooms, swimming pool, crèche and children's club.

Property Abroad have hundreds of French properties