Owning a French property in the mountains is a dream of many French and international investors.
The French Alps or Pyrenees are a place to go and enjoy the ski slopes for part of the year and a place to gain rental investment when the property is not occupied by the owner.
But sales are down on this desirable type of French property.
In a new French real estate article in Le Figaro David Giraud, head of the construction company MGM says that sales are down. In fact, MGM sold only 180 apartments in 2013, according to Mr. Giraud when in 2010 they sold 360.
As always price is always the issue and in addition MGM CEO suggests they need to adjust to the changing needs of buyers by adjusting the size of the apartments and changing the facilities offered to catch the attention of what news buyers are seeking.
The good new for you if you are looking to invest is that the reduced demand means opportunity is knocking for you to get a good price on a French mountain property.
Read the full article in French here
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