France: €2.3m Ski season's nearly here: Lauren Mulhall reports on a luxury chalet in France, and more modest apartments in Bulgaria
SkiApartments: A €2.3 million luxury apartment in the heart of a major French alpine ski resort is available in a chalet renovation project.
Le Ferme d'Angelina development in Chamonix consists of four apartments at the foot of the L'Aiguille du Midi ski lift. The €2.3m home is a fully-furnished 200sq m (2,152sq ft) three-bed on the top floor.
Only two of the apartments remain on the market.
The other apartment, also with three bedrooms, is on the market for €1.2 million.Both have pine finishes with tiled and parquet floors.
French developer MGM's London-based UK sales manager, James Rodwell, says that similar properties in the area rent for about €1,000 a day.
Chamonix is known for its mountain sports including off-piste skiing, paragliding, climbing, mountain biking and rafting.
It is one hour by road (88km) from Geneva airport.
"Easy access means good letting potential and that is an important consideration for investors," says Rodwell.
The developer also has four two, three and five-bedroom apartments in Chamonix for sale from €520,000 in its Villa Princesse scheme.
[ www.mgmfrenchproperties.comOpens in new window ]
Modest prices in Magnolia
Ski apartments: Overseas investors looking to buy property in a European ski resort at a more modest price may be tempted by Magnolia in Pamporovo, southern Bulgaria. The complex consists of 420 studio, one and two-bedroom apartments, being sold through London-based estate agents Global Spaces.
The integrated self-contained complex combines seven shops, a restaurant, bar, club, medical centre, spa and swimming pool.
Prices start at €56,280 for a studio apartment, €72,000 for a one-bedroom apartment and €87,400 for a two-bedroom apartment. Units are expected to be ready for occupation by winter 2007/2008.
Pamporovo is in the Rhodope Mountains in southern Bulgaria.
www.globalspaces.com
