Buying blow Les Gets

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Buying blow Les Gets

Updated: BST, 23 July Buying a luxury apartment in the Alps is widely perceived as the preserve of winter sport enthusiasts. Of course, you can visit in summer - and the mountains are beautiful then too - but some resorts that thrive in winter can be a bit of a ghost town once the snow goes. But if the purchase is in what is known as a dual-season season resort, buyers can get the benefits of using the property in both the winter and summer. Les Gets in France is one such resort that caters as much for mountain bikers and hikers, as it does for skiers and snowboarders. MailOnline Property visited Les Gets to check out a new development of luxury freehold apartments and what summer sport facilities are on offer. Annapurna is a new development of 38 apartments in the centre of Les Gets in the French Alps. The village of Les Gets is a dual-season resort open in both the winter and summer seasons. At to 1, metres above sea level it may be fairly low altitude for the French Alps, but Les Gets is a favourite of British skiers. The key to that is that it is a pretty village with an abundance of classic ski chalets and a distinct absence of high-rise blocks. Les Gets is between Geneva Lake and Mont Blanc, and belongs to the Portes du Soleil ski area, which includes a total of 12 resorts linked by km of ski runs - including its popular neighbour Morzine. When the summer arrives, the ski runs in Les Gets turn into the ideal terrain for mountain bikers and hikers - particularly those who value a helping hand up the steep alpine slopes, as chairlifts are in operation with attachments to carry bikes to the top of the green hills. Back in the village and the ski hire shops swap their stock in the summer to provide the bikes and all of the robust clothing required for the adrenaline-inducing two-wheeled sport. There are also plenty of certified instructors at hand to help mountain bikers master hitting the trails at speed. The mountains in Les Gets are a haven for hikers, runners and cyclists during the summer. In the centre of Les Gets is a new development of 38 luxury apartments called Annapurna. The penthouse has already been sold and a second phase of development is being constructed next door, with a further 34 apartments. It will also include a gym and beauty spa, in addition to the swimming pool and leisure suite that is already available at Annapurna. Unlike leaseback apartments which are often found at French ski resorts, these apartments can be bought without having to rent them out. However, buyers can sign up to what is called a flexi-lease if they want to rent out their properties and still benefit from reclaiming VAT. The flexi-lease is run by operator Alpine Residences, which oversees the rentals. If buyers sign up for a minimum of nine years, it means buyers can then apply to claim back the VAT paid on the purchase. They don't have to rent out their property if they don't want to and can pull out of the lease agreement at any time with the penalty of paying back the VAT benefits. Les Gets attracts professional and amateur mountain bikers during the summer months. The apartments are bought on a freehold basis, but buyers can sign up to what is called a flexi-lease to get a rental income. Management of the rentals, including cleaning, can be arranged through Alpine Residences. Leaseback is a common way of buying a ski apartment in France, but has its limitations as it locks buyers into renting out their apartment, often at times when they might want to use them for themselves. The apartments at Annapurna in Les Gets offer a flexi-lease, which has some key differences to leasebacks. Morgan Bientz, of Alpine Lodges explains some of the main differences. He says: 'A leaseback is a nine-year commercial contract where the property is handed over to a management company. This management company is selected by the developer and future buyers do not have a say in the company that they want to use. Owners are not able to enjoy their property whenever they want as the access rules are strict and so an owner is considered to be more of an investor who rents out their property. Mr Bientz goes on to explain that a flexi-lease is a different proposition as owners are not obliged to rent out the property. He said: 'A flex-lease is a three-year lease contract and the owner can decide if they want to change the operator after this period of time. However, if they use the property more, they will receive less rental income. There a range of finishes and accessories available for buyers wanting to use the interior design options provided at Annapurna alternatively, buyers can use their own interior designers. There is a fantastic restaurant on site, with plenty of further eating out options in and around Les Gets. Head along the trail towards Mont Caly and you will find it, along with breath-taking views of Mont Blanc on a clear day. If managed by Alpine Residences, the fee would be 25 per cent, including 20 per cent to cover marketing on websites such as booking. The net yield is around 4. Privacy Policy Feedback. A ski resort's not just for winter! Leaseback vs flexi-lease Leaseback is a common way of buying a ski apartment in France, but has its limitations as it locks buyers into renting out their apartment, often at times when they might want to use them for themselves. What would a three-bed flat return? Annual rent:. Share or comment on this article: We visit Le Gets ski flats for sale that are good for summer too e-mail More top stories. Bing Site Web Enter search term: Search. 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Buying or Building a Ski Chalet - any experience/advice?

Buying blow Les Gets

Registration's totally free, of course, and makes snowHeads easier to use and to understand, gives better searching, filtering etc. When you register, you get our free weekly -ish snow report by email. It's rather good and not made up by tourist offices or people that love the tourist office and want to marry it either We don't share your email address with anyone and we never send out any of those cheesy 'message from our partners' emails either. Anyway, snowHeads really is MUCH better when you're logged in - not least because you get to post your own messages complaining about things that annoy you like perhaps this banner which, incidentally, disappears when you log in Username:- Password:. Or: Register to be a proper snow-head, all official-like! Prev topic :: Next topic. Poster: A snowHead. Very early days research wise but wondering if anyone had any experience or advice to offer. Has anyone got anything similar and if so does it turn a profit, break even or cost to run. Long term plan is to move to the alps when we retire in around 8 years so before then would look to rent out or lease direct to a chalet company before then and trying to work out if it works out as an investment or if I am better investing my money elsewhere and looking to buy further down the line. Also interested in any other recommended resorts. PDS appeals due to proximity to GVA and extensive terrain, variety of snow parks, the stash etc although maybe more for the kids than me by the time I retire and relatively long season in my experience - we usually spend our Easter Holidays in Morzine and always had good snow cover, even in 'bad years'. Was planning to be in St Gervais this Christmas as wanted to see that as a potential option but Omnicron put a spanner in the works there so ended up in Switzerland. Thanks, FT. Obviously A snowHead isn't a real person. Some advice I was given when chatting to the owner of a chalet in chamonix where I was staying was make sure you have also looked into the summer side of things. Even breaking even as an investment now is probably dependant on both summer and winter seasons. They pointed out that a huge factor was whether you got the sun, as the mountains can mean parts of the valleys being in the shade most of the time. Also while chamonix is relatively active year round, several nearby areas mostly shut down for chunks of the year. Several people on snowheads can probably advise you on it better than I can, but I know when I not actually that seriously looked into it I quickly realised that I was far better investing in something else and putting some of the return into a ski trip fund than messing around with alpine property of course part of this was that I could only go out for so many weeks a year anyway and don't need to travel during peak season Also probably worth looking at what covid has done to alpine property prices AFAIK they are up drastically because of people thinking they want out of cities and can work remotely from nice places Finally, somewhere to retire to may be different to somewhere to rent out; E. Well, the person's real but it's just a made up name, see? The Catered Chalet industry is in decline. You need to Login to know who's really who. I agree having a decent summer season is definitely worth having on the check list and I believe the PDS is relatively busy with mountain biking etc and being so close to Geneva must help I would assume. I had in my head that now may be a good time as people considering selling after a couple or more? Hopefully some can advise, not sure if you can find sold prices like you can in the uk? Agree with you point being further out but initially looking in a resort as short term better for rental income I would think. I think us brits will always want that service so just a different way of getting it. As always time will tell…. Anyway, snowHeads is much more fun if you do. We have a place in Chatel and PDS also great choice for summer which was not in our thoughts when buying. We very much enjoy the proximity to lake GVA and all the water activities on a hot day which allows us to get all year-round use. Definitely not a financial investment for and many will agree. All things considered it is the best thing we have ever done. You'll need to Register first of course. We sold in We loved it there in the summer as well as the winter time. I know the family would want it then now, if we still had it! From what we have heard the French are buying chalets quite a bit now, our old next door UK neighbour sold earlier this year to a family from Brittany. Then you can post your own questions or snow reports Where I am Morzine it is very hard to find anything to buy, and even the totally shite properties, that have been on on the market for years, have sold. Any decent land is snapped up by one of the army of property developers in the area. As a result, despite the enormous amount of new building also going on, prices are definitely on the rise. After all it is free. You'll get to see more forums and be part of the best ski club on the net. Ski the Net with snowHeads. Some friends built a chalet in Morzine about 6 years ago. Google Corner4 Morzine. They live out there full time. It was a long and very challenging process but their place is gorgeous. And love to help out and answer questions and of course, read each other's snow reports. So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much. Chamonix, adequate parking, both covered and open is a required part of the planning application. Something like 2 places minimum increasing by one place per bedroom over 3 bedrooms i. You know it makes sense. Just a few of my observations and a question Cash or mortgage? I doubt there's much of a market letting for a season to a chalet company in winter and none in the summer. Chamonix still has a stronger and longer summer than anywhere else nearby. Summer very and increasingly important. Self catering very viable if you manage it yourself, but that's quite a lot of work. And I don't think I'd want to be doing it remotely we originally thought we could, we wouldn't have been able to we rented 3 apartments in Chamonix for 15 years. Finding cleaners etc. Be aware and wary of evolving French tax situation, it's, complicated. Otherwise you'll just go on seeing the one name:. Random thoughts from me: We did look at a building plot a few years ago, but didn't go for it and I'm so glad-it was on the shady side of the valley. Aspect should be a big thing in your property search. In the end were lucky enough to find an old converted stone barn which was liveable but needed a proper refresh after 20 years. It's a mile from the lifts, and 15 mins walk to the bars and shops in the village. It's gorgeous, quirky, but not for renting out. I think there is a difference between a place that feels like a real mountain 'home' and a place you are prepared to let others occupy. Building your own if you can find a good plot and a good architect or renovate an older property-either might be an option. For a long term place that you want to call home-be prepared to look beyond the properties that are close to the middle of the resort or lifts. You get more for your money, in a quieter location. The downside is less rentability other than in really peak weeks. OK…I have had long term experience of the Alps, climbing and skiing, and have a family chalet in the Rhone Alps, at m. You need to take climate change into account. I would not buy or build in PDS. Too low. You need ready access to altitude. In the past twenty years things have changed out of all recognition. And the rapid change we see now is the result of human action 50 years ago. Things are going to get worse before they get better. When you buy or build you are committing to the long term. We relish DH and enduro biking as much as we like skiing. And we are likely to be doing a lot more biking and a lot less skiing, as the climate changes. Plenty of choice. Yes, go for sun - we nearly also bought in Peisey Nancroix twenty five years ago - lovely working village, but no sun Nov-March. Our family chalet gets days of sun and is South facing - far better. Go high. Go flexible. We have ten village systems within 45 mins. We chase the best snow. Some of these - high, fantastic off piste. Few know about these small, high resorts. They will likely have snow when a lot of PDS becomes wet grass in the winter sun. Grief, it was 10 deg at m just before New Year. A couple of other things, as you accumulate kit you need to designate a bedroom as a workshop and store or have a heated garage in which you can store things and work on them. We are restricted in our place - it has five bedrooms but no good kit store and we have bikes and skis and climbing gear everywhere. You need to get alternative heating not gas, not oil and have a hyper-insulated house, zoned so that only a very small part of it needs to be heated when you are not there. So, I would build, and take a lot of advice from a really good, switched on architect. We are retro-engineering our family place and it is costing a fortune. Hi underanewname - it would likely be half cash and half mortgage as mortgage rates seem to be competitive and fixed for long periods in France so seems to be the logical route from my initial research anyway. Yes I think having a good summer season is key and one of the reasons Morzine appeals. I don't know Chamonix really good excuse to check it out but the disjointed nature of the area and buses puts me off but I am probably being unfair. Perty completely agree with your thoughts - we were in La Tsoumaz for Xmas last minute change from St Gervais due to covid restrictions and were in a lovely chalet with an amazing view BUT never got any sun so the large balcony and outside space never got used, so agree aspect is key. I think a new build, if we can find the land, is the best bet as would like to think that you would have some capital in the property one finished to act as a buffer against any currency fluctuations etc. I guess location wise its a balancing act between something that can hopefully generate a decent return or at least pay for itself vs maybe more for your money but more difficult to let. We have time on our side and there is an option to invest money elsewhere until nearer the time but finding the right thing may take a fair amount of time and it's certainly something I am keen to do as a lifestyle choice above all else but can't help trying to balance the books - I manage costs for a living. In my mind Avoriaz is pretty reliable despite not being the highest of resorts and we have always had decent skiing when we have visited. I hear what you are saying about climate change but this doesn't concern me too much maybe wrongly as time will tell as I expect resorts to improve snow making - one thing we are good at is coming up with solutions. In verbier I was surprised to see snow cannons way above m but I guess they are investing in the future. I would however be interested to hear what small villages you think are worth considering. I was looking at Ecsus for chalet build who build bespoke eco chalets with ground source heating, ultra insulation and the like - again one of the advantages of building is that you can really ensure you get a well insulated and cheap to run home. Just wanted to say thanks to all the other posters who I haven't responded to directly. Appreciate the input and advice - one thing I am learning fast is that there is a lot to learn! I stayed in Morzine for many, many weeks while training and it is one of my least favourite resorts. You spend all your time on skis travelling to actually find somewhere to go skiing. Everyone that lives there raves over the summertime activities but all alpine resorts have cycling, climbing hiking etc. For your budget I wouldn't think you would be able to get a ski in ski out position in a high altitude resort but might be possible. Most of my mates who live in the mountains 'commute' and prefer the additional space and you get used to the morning drive or bus. You need to decide if you want a place in the mountains to enjoy year round or want a place so you can maximise skiing now and in the long run. Such a lot depends on the use you plan to make of the place. Because we often went out skiing just for a couple of hours - or walking just for an hour. We also drove to other places to ski occasionally, and other places to walk, too. Being able to have lunch at home was also important - we did 'lunch out' for a treat when over the other side of he domain, but it's too expensive every day, when you are there for weeks. For small kids and some not-so-small ones having snow right outside the door to play in, and a wee slope to toboggan down, was a key part of their enjoyment. Get them into their warm togs, throw them out. Sometimes they played for ages, sometimes they got cold and wet and wanted to come back inside in 20 minutes. Would have been an absolute pain to have to drive them somewhere every time. Having a top-quality view was also critical for us, and what sold us the apartment - we saw the site when it was just a field, were blown away by the view, and bought 'off plan'. Views are also critical to me in my UK house which is a badly built, terraced, architectural monstrosity - in a superb location. It's important to think hard about what's important to you - and what you are prepared to compromise on. It has appreciated in value significantly. But they are out of town so have to drive to the lifts and not sure whether there are still plots left. I would also be wary of the height of PdS the highest lift is almost a vertical km lower than in the 4V but many people like it. You can see the rental prices on their website - it is pretty much always fully booked in Winter. Not sure about the Summer. New Topic Post Reply. Snow Snow Snow! Solo Skiers v Groups - Orga Archives Lost and Found Ski Club of Great Britain To one side secret Mountain Hideout snowShops You cannot post to forums until you login You cannot read some forums until you login Read about snow conditions : snow conditions And leave your own snow report : snow report Find advice to help plan your ski holidays : ski holidays The snowHeads Ski Club : Ski Club 2. Terms and conditions Privacy Policy. Snow Reports. After all it is free After all it is free. So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much. Otherwise you'll just go on seeing the one name: Otherwise you'll just go on seeing the one name:.

Buying blow Les Gets