If you are looking to invest in a foreign property in 2013, then Enable Independent IFA's in Bishop's Stortford can help you to find the next property hot spot and finance to go with it.
Some of the other main cities like Berlin, Paris, London, are predicted to be property hot spots for 2013, however since the recent snowfall in the Alpes, people are starting to invest again in ski property, especially in France. The Alpine resorts still offer an attractive package of affordability and accessibility.
This year the winter season also looks as though it will achieve record snowfall as visitor and hotel reservations are up on the previous season.
The new build market in the Alpes has almost dried up, so attention is starting to be focused on older property in the ski resorts, and because of the added hassle of renovation, these are normally on the market for 20% less than a new build. Jeremy Rollason, Managing Director of Alpine homes commented: ‘New Year brings fresh snow and fresh buyers. At the beginning of 2012 and last year’s ski season, we spoke of rising stock markets and the January effect. That is to say, the FTSE 100 index had increased 5.5% in January and historically, stock markets are more likely to end on a high when there are positive gains in January,’
‘The FTSE 100 index did indeed end in positive territory in 2012, rising 4.4% on the year. We asked at the time, whether there could be any correlation to the ski property market and 2012 was a good year for the ski property market,’ he explained.
‘Activity has increased significantly. We have made four sales in both Austria and Switzerland so far in January. Resorts include Zell am See and Turracher Höhe in Austria and The Four Valleys in Switzerland. Prices range from €330,000 in Austria up to Chf2 million in Switzerland,’ said Rollason.
‘Buyers are however also active in the higher price bracket, typically Chf5 million to Chf15 million, but there is a dearth of buyers above this point,’ he added.
Rollanson has also reported that property viewing are up by 33% from the same time last year, with February being even busier, the snow fall has helped tourist number which in return has increased property prices, although he did give an air of caution: ‘However, levels of activity and sale volumes do not necessarily equate to increased sales prices. Many vendors remain firmly implanted in a pre crisis vacuum of market denial. Some still need to realise that alpine property prices took a dip in the period 2008 to 2010, stabilised in 2011, and only in certain cases, have they started rising again,’
If you are looking at investing in foreign property or a buy-to-let property then why not give our team, at Enable Independent a call on: 01279 755950.
No comments:
Post a Comment