High demand for French Alpine property
Despite the current harsh financial climate French property developer MGM have seen a veritable uplift in sales of Alpine properties to UK property investors so far in 2012.
In fact by the end of the first quarter of 2012 more properties had been bought by the Brits than for the whole of last year. Experts believe business with the British investor had declined due to the poor exchange rate with the Euro and that many families looking to purchase a holiday home in the French Alps had postponed the decision until more favourable exchange rates returned.
The London sales office of MGM reports a huge increase in the amount of enquiries from the UK since the beginning of the year and the resulting sales has helped to boost the chance of further developments in the region.
If as forecast by several financial experts the exchange rate improves further in favour of Stirling then demand is expected to remain strong throughout the remainder of the year.