If you’re looking to buy into the property market, then you can do a lot worse than looking at property for sale in Morzine. This charming French region of the Northern Alps is still close enough to the Swiss border for easy access without the restrictive Swiss legislation on buying property in the area. It’s also conveniently close to the Geneva airport, and boast year around attractions to keep the tourist foot through the door.
Why consider property in Morzine?
The area boast both a strong tourism market and high demand for rental properties from those looking to establish a base in the area. There’s ample opportunity to turn your holiday home into an investment opportunity as well. Morzine property compares favorably to other areas of the Alps, especially popular areas like Val d’Isere and Megeve. There’s a steep increase in summer tourism through the area, as well, which has helped to boost the rental opportunities and incomes for those who own in the area. As a niche market proposition, it’s a good one.
How do prices compare with the rest of the Alps?
There’s high demand for ski property in general, with areas in Haute Savoie taking the lead in high property prices. The Grand Massif, the Portes de Soleil- where Morzine property falls and the Mont Blanc region feature the highest concentration of British buyers.visit http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2015/08/20/why-real-estate-could-be-a-better-investment-than-stocks today!
Unsurprisingly, the growth in the area is manifesting in burgeoning developments specifically catering to the requirements of the buying populace- modern properties with greater bathroom space. The most popular purchases currently are one and two bedroom apartments.
Of course, it hasn’t all been smooth sailing. The 2008 US recession has had a detrimental effect overall on the buyer’s market, but in turn on the upswing caused property available in the area to be particularly scarce. At the movement, prices are far more negotiable and attractive for the buyer. Don’t take that to mean you’ll have all the time in the world to move on your Morzine property- you’d do best to close quickly when you find the best deal for you.continue reading!
What type of seller am I likely to find?
Many of the area vendors of Morzine property are actually not French, but rather British looking to reconvert their Euro to Sterling due to the favorable rate they receive. Remember that a holiday home can be more than an occasional treat for yourself, but can make quite a lucrative passive income from rentals in the area while still providing healthy capital growth.
The future for property for sale in Morzine appears to be stable with strong continued growth in the developing areas. It’s more than possible to opt for a smaller investment at first and look to upgrade and sell as finances become less tight. Do remember that land in the area is increasingly rare and prices are only anticipated to rise as the area becomes more developed, so why not plan to further your investment portfolio with a stunning Morzine property?