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Property French Alps | Sextant New build - Find new Build properties and Leaseback in France

Is the city of Lyon a future great attraction?

France’s second biggest city has more to boast about than its dynamism and popularity. With 480,000 inhabitants in the city and 1,430,000 more with the suburbs and satellite towns, Lyon is also a strategic place geographically speaking. Read the rest of this entry »

Posted on April 6th, 2011 | Permanent link | No Comments »

Welcome to Les Arcs

Known as one of the most sought after ski resort areas in the French Alps, Les Arcs is about to open another busy winter season.
It’s been reported that forty per cent of all Britons still head down to France to ski. Read the rest of this entry »

Posted on December 7th, 2010 | Permanent link | No Comments »

First snow in the Alps!

You know it’s that time of year again when we start mentioning the first snow of the season. Often it falls a little later in the year, towards the end of November or the beginning of December, so could we see this as an auspicious sign for a Read the rest of this entry »

Posted on November 9th, 2010 | Permanent link | No Comments »

French ‘off plan’ leaseback property – an investment protected from currency fluctuations

French LeasebackIn these economically troubled times, many potential investors are put off by poor exchange rates between the pound and the Euro, preferring instead to err on the side of caution. While this course of action is wholly understandable, they do risk missing out on some great opportunities.

Sextant Properties is currently marketing a leaseback development for sale in the French Alps with a yield up to 4.5% (ref 19547). Having appeared on the market on the 21st September 2009, the development is attracting an overwhelming amount of interest. – as of the 12th November, 47 of the 77 apartments have been sold, and 5 others are reserved.

The 25 remaining properties still offer plenty of choice. It is unlikely that any of the properties will still be available in January. Here is why you can buy today without being affected by the unfavourable exchange rate:

The properties are ‘off plan’, which means that the buyer pays little now. Additionally, taking out a French mortgage will result in monthly payments which are the best way of responding to currency fluctuations.

If you buy apartment number C001 on the market at €175,800 (including VAT) you will need to pay only €154,764 because the VAT will be reimbursed. You can take a 100% mortgage on the price excluding VAT (€154,764) and the property can thus be financed in the following way:

> Due now 5% Reservation deposit: €8,401
> On signature of the mortgage offer, brokers fees €774 to be paid in December 2009
> Just before signature with Notaire, Bank fee €1548 (to be paid in March 2010)
> After signature with the Notaire refund of extra deposit €2,248

For the next 24 months you pay life insurance payments of around €41 per month (subject to approval). The delivery is scheduled in November 2011. You will then start to receive a rental income every three months from La Grange, and this will be used to pay back the mortgage.

Our specialist broker, Athena Mortgages, gave us a quote for this particular property, as follows:

MORTGAGE AMOUNT including an estimation of deferred interest during 24 months.
Estimated Interest Rate
Duration of the loan
25 years
Variable rate
2 year fixed rate then tracks Euribor 1 year
Monthly mortgage instalments
Monthly rental income
Estimated shortfall / Surplus
Premiums for life insurance (estimate)

The start date for repayments will be in March 2012. The buyer will need to pay €286 per month from that date. The rental income will be increased every 3 years, and, for this reason, the shortfall will decrease with time.

In summary, the purchase of an ‘off plan’ property worth €175,800 would only require an initial payment of €10,723, which would be paid in several instalments. Industry experts predict that the exchange rate will have improved significantly by March 2012, making the reality of investing in French property far more accessible than most people think.

If you do not want to miss this unique opportunity, contact us on 020 7428 4910 or visit the reference 19547 for more details

Posted on November 12th, 2009 | Permanent link | No Comments »

Start the après-ski early on the ski train to the French Alps

EurostarAs the leaves continue to fall and the days become ever shorter and increasingly cold and miserable, the average person naturally begins to entertain thoughts of escaping the damp gloom of the UK. Ski resorts have a sort of inherent glamour – names like Chamonix, Val d’Isere and Courchevel instantly evoke images of roaring fires, of glittering expanses of snowy slopes, and of attractive people with rosy noses and gleaming white teeth laughing gaily as they tuck into vats of fondue. Even resolute non-skiers born utterly devoid of any sense of balance are not immune to daydreams of alpine frolics, finding themselves being seduced by the idea of après-ski antics and melted cheese. Unfortunately, in reality, skiing holidays invariably entail a considerable amount more hassle than they do in escapist daydreams; getting there involves either driving for hours along winding mountain roads, or grappling with bulky ski-wear in a vain attempt to make it all comply with airline baggage restrictions. Unless you possess the driving skills of Clarkson and a tardis-like suitcase, or resort to wearing your salopettes and snowboard boots on the flight, getting there can be a rather stressful experience. There is now, however, a third option – one which will allow you to travel down to your chosen resort in comfort and style, with minimal fuss.

The Eurostar is arguably one of the best inventions of the 20th century – it is without a doubt the best and easiest way to hop between London and Paris. It is sleek. It is comfortable. It is fast. It is entirely carbon neutral. It is very, very stylish. And, from the 19th December 2009 and the 17th April 2010, it can whisk you from St. Pancras International or Ashford International to the ski resorts of Moutiers, Aime-la-Plagne and Bourg-St-Maurice at a seriously speedy 186 miles per hour. If booked early enough, prices are competitive – a Standard class return journey begins at £149, while a Leisure Select ticket, including meals, drinks and extra comfortable seating, starts at £229 return. One of the many advantages of using the Eurostar Snow Train service is that it deposits you on the doorstep of your resort – it is merely a case of hopping on the train in London or Kent, settling back to enjoy the stunning scenery, then hopping off the train at the other end, ready and raring to hit the slopes. Either opt for the day train, which departs from St. Pancras at 10am and arrives at its last stop in Bourg-St. Maurice in time for dinner around 8 hours later, or the overnight train which leaves at 8.30pm and arrives at 6.30am, allowing you time to grab breakfast before hitting the slopes. It is worth taking into consideration the fact that if you decide to travel on the night train in both directions, it will allow you to spend eight days on the slopes rather than the usual six. Those travelling with children needn’t worry about sharing the train with crowds of drunken revellers, either – Eurostar will be imposing limitations on the amount of alcohol passengers can bring onto the train with them, so a restful journey is assured. Snow Train passengers also benefit from an increased luggage allowance, allowing you to pack clothing and equipment for the whole family without resorting to wearing it.

For avid skiers looking to invest in the French property market, there is plenty of affordable accommodation in the most popular Alpine resorts, conveniently located for the Snow Train service. Fully furnished leaseback apartments in a new 4 star development in Les Arcs cost between €222k and €428k, have between one and three bedrooms, and come with access to a superb leisure complex including a swimming pool, sauna, hammam, jacuzzi and fitness room. The complex is a stone’s throw away from the station in Bourg-St. Maurice, the last stop for the Eurostar Snow Train, making it unbelieveably easy to travel from the UK in comfort without having to haul mountains of ski equipment between the airport and your resort. As all the leaseback apartments come with a guaranteed return on your investment of between 3.8% and 2.5%, dreams of a cosy apartment in a winter wonderland have the potential to become a reality.

Posted on November 6th, 2009 | Permanent link | No Comments »

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