Investment Property Property News | Snow and exchange rate encourages property buyers in the French Alps

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Snow and exchange rate encourages property buyers in the French Alps

2/9/2012 9:10:00 AM

An improvement in the exchange rate between the UK and the Euro is encouraging buyers in France who are snapping up ski properties, it is claimed.

According to Richard Deans, who heads the UK sales office of MGM French Properties, the firm’s sales to UK buyers in January were more than three times the number achieved in the same month last year and the trend is continuing.

‘While many firms were enjoying a break between Christmas and New Year, we became very busy during the last week of December, dealing with a huge number of new enquiries from what I describe as ‘true buyers, not dreamers,’ he said.

‘It seems that many of them had just been waiting for the exchange rate to go back to 1.2%, significantly reducing their outlay on a new ski property compared with the amount they would have paid a few months ago and now they are making firm decisions,’ he explained.

Source: PropertyWire.com