It is safe to say that demand for prime luxury chalets in the French Alps is constant, and investments have proven to be secure and profitable for many property investors. Chalets can provide lucrative income streams if you wish to rent them out. You will generally find it easy to rent out property in the winter months, as people will flock to the region to ski. However, the French Alps can be popular in summer, too, with many tourists looking to rent property in warmer months.
The French Alps offer a unique environment but also deliver on both privacy and relaxation. Alpine property has always attracted huge demand, despite being in short supply. If you are looking to acquire property in the French Alps, expect significant competition as and when properties become available. Any delay in securing finance is likely to be the difference between a successful purchase and a prolonged wait.
Domestic French banks, international private banks and niche lenders offer mortgages in France for foreigners hoping to buy in the French Alps.
France's retail banks have a high appetite to offer mid-sized French mortgages for chalets in hotspots such as Chamonix and Morzine. Enness will often be able to negotiate these loans in such a way that lenders will offer high loan-to-value financing, as well as credit-only relationships. In short, you will not necessarily have to place assets under management with French retail lenders to buy in the region.
On the flip side of the coin, private banks also have an appetite for offering mortgages in France for foreigners wishing to buy in the Alps. However, if you want to borrow from a private bank to buy a property in the region, you will likely get the best rates and terms when you put assets under management with an institution. In essence, many private banks look to lend against Alpine properties in return for starting a professional relationship with you.
As a final point worth noting, the more liquid you are and the more diverse your assets, the fewer assets you are likely to need to have under management with your lender, regardless of where you are buying in France and the cost of your real estate transaction.