Opportunities to buy quality new ski homes in smaller, less developed French resorts have become available following the launch of a handful of leaseback projects by a leading Alpine developer.

 

Developer MGM currently has property for sale in Val Cenis in the Haute-Maurienne, Valmorel within the Grand Domaine ski area and Montgenèvre, close to the Italian border in the Southern Alps. These three resorts are off the radar of most British skiers.

Richard Deans, sales consultant at MGM, commented: “Some may feel that we are going ‘off piste’ by developing in lesser-known locations like these but we are continuing to build in high profile ski resorts like Tignes and Chamonix, as well as popular Haute Savoie villages such as Samoens and Les Carroz. Nevertheless, our developments in lesser-known locations continue to attract strong interest.”

Following on from the opening of its first leaseback development in Montgenèvre almost two years ago, this month MGM began work on its second résidence in the village. Off-plan prices there start at €271,000 for a one-bedroom apartment rising to €560,000 for a four-bedroom duplex; these prices exclude French VAT at 19.6 per cent which is waived under the leaseback scheme.

For details of more properties in France, visit the France listings on Rightmove Overseas

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Anyone who needs to transfer money to complete a property transaction in the French Alps, or any other part of France, should use a currency specialist to exchange their pounds into euros. For more information, contact Smart Currency Exchange.

To understand the full step-by-step process to buying a property in France, collect The Overseas Guides Company’s ‘France Property Buying Guide’