Core real estate markets in France are helping to support ski property prices across the globe, according to a recent report.

Knight Frank’s Ski Property Index noted that despite a 1.5 per cent rise in the three months to June (Q2), over a 12 month period there was a fall of 0.9 per cent.

Only a tight supply in the French Alps has helped to keep property prices competitive, with the global financial crisis denting confidence in newer resorts.

Nevertheless, classic sites, such as those in Courchevel, are continuing to perform well and have received renewed interest.

Matthew Hodder-Williams, Knight Frank’s French Alps expert, stated:  “Demand for prime property in France’s top ski resorts held firm in the 2011/12 season. Supply, particularly in the most exclusive resorts in Les Trois Vallées, remained tight.”

He added that these popular locations have not been impacted by the weakening Euro and prices and volume of sales continue to be buoyant.

source: http://www.propertyshowrooms.com/france/property/news/french-markets-supporting-ski-property-prices_312539.html

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