The weather outside may have been frightful, but property investors must have thought it was delightful given that a ski resort sparked off an avalanche of enquiries last month. A fire sale of apartments in the Three Valleys that had only recently been completed received the highest amount of inquiries to a major property website in November, with purchasers being attracted by both the price discounts and the promise of NET returns of up to 10%.
In fact, the demand was so strong for the French Alps listing that it actually got more enquiries relating to it than did the Las Lomas resort in Spain. The most popular listing for three months in a row on the Move Channel was La Manga apartments, which also include free access to the world-class sports facilities offered by the resort. When the ski property was launched toward the end of last month, it attracted more enquiries in the first few days than the Murcia listing had received for the entire month.
Aside from the slopes, investors were continuing to put their focus on sectors that had guaranteed returns. These include condominiums in Florida, a hotel suite in Cape Verde, a coconut plantation in Brazil, and student housing in Glasgow. All of these proved to be very popular and highlighted the investment trend, which has taken place throughout this year, of alternative products in addition to commercial properties.
Purchasers also continued to show that they were willing to turn to destinations in Europe that are outside the eurozone, such as Croatia, where they were looking for seaside resorts with rental potential; however, the French Alps was able to race ahead, with demand for ski property snowballing.
