Rich Skiers in the Alps are Still RichBy Steve Casimiro on December 10th, 2012
content/uploads/2012/12/chamonix-150×150.jpg” alt=”" title=”chamonix” width=”150″ height=”150″ class=”alignleft size-thumbnail wp-image-55833″ />Despite all the various economic crises floating around Europe like so many flu bugs, resort real estate is going off, although the buyers are increasingly Brits taking advantage of a weaker Euro and snatching up condos in places like Chamonix, Les Portes du Soleil, Les Deux Alpes, and Les Arcs for 15 to 20 percent less, thanks to a drop in the currency vs. the pound. Average transaction prices are still kinda steep vs. the dollar: $450,000 for a two-bedroom apartment. But sales are up 30 percent vs. last year, with nearly half the buyers paying cash. Don’t forget that if a lot of Brits can fly to Geneva or Zurich in a few hours, take a high-speed train for another hour and be at their digs faster than anyone in L.A. can drive to Mammoth. Via Property Wire.
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