Work due to start on new French Alpine apartments

New Alpine properties to be completed

Work is due to start later this year on a set of new apartments in the French Alpine village of Valmorel as demand for holiday properties in the region increase.

Annecy based developer MGM is building the résidence de tourisme comprising 86 holiday homes in the mountain village that is within the Grand Domaine area of the Alps is reached by a scenic route through picturesque ancient villages and old orchards but just two hours from Geneva Airport.

They point out that it is not just a popular winter sport destination. ‘In summer this is an idyllic rural location with the peace of the mountains being broken only by the music of cowbells and birdsong,’ said Richard Deans of MGM’s London sales office.

Valmorel, a fully pedestrianised village built in the 1970s in a traditional Tyrolean style featuring stone, timber and decorative paintings on external walls, is popular for family holidays all year round.

The new project, La Grange aux Fées, will occupy an elevated position with panoramic valley and mountain views. ‘Spectacular walks will start on the doorstep and in winter the chairlift alongside the new résidence will provide ski-in, ski-out access to the 150 kilometers of pistes,’ explained Deans.

MGM’s leaseback apartments range in size from 25 square meter studios to 100 square meter four bedroom duplexes and are available to buy off plan with prices starting at €190,000 for a one bedroom apartment rising to €490,000 for a four bedroom, three bathroom property.

These prices exclude French VAT at 19.6% that is waived under the leaseback scheme.

Included in the price is underground parking and cellar storage as well as use of locker rooms, a laundry and drying rooms.

Four-star facilities within the résidence will include an indoor pool, fitness suite, gym, sauna, jacuzzi and steam rooms. A beauty centre will have a variety of massages and treatments on offer.

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