Lower altitude properties lead to higher yields
Lower altitude properties lead to higher yields
People investing in property around popular skiing destinations should look to lower altitude resorts so they end up with "an all year round rental vehicle".Andrew Beale, director of ski property investment company Free Spirit International, said that higher altitude resorts suffered during summer due to a lack of clement weather.
He said: "You don't necessarily look high [up] for an all round rental vehicle; you look at a resort which has a good summer season, as well as a winter season.
"Typically, high altitude resorts are empty during the summer."
Mr Beale suggested that investors should look for resorts with access to high altitude skiing but that offered attractions such as walking, mountain biking and golf during the summer.
He cited Tremblant in
Canada and Chamonix in
France as examples of such resorts.
And, according to Mr Beale, "traditional" destinations such as these are set to remain popular despite the emergence of new ski resorts in
India,
China and
Russia.
This article was brought to you by holidaylettings.co.uk, the UK's No.1 holiday home website.
19 December 2007
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