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Euro Ski Property Thread

Discussion in 'Europe' started by Undies, Aug 13, 2014.

  1. Kirk

    Kirk First Runs

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    As someone who spends pretty much most of their life trying to avoid butt-draggers when out on the slopes, I have spent many hours dreaming of buying up a little chalet somewhere in the Alps and being able to ski absolutely whenever I want!

    I have taken a look at most of the sites you guys are linking to here and wowzer there are some absolutely beautiful properties. Whilst on a serious hunt for a property I came across this site that has the most luxurious, beautiful places you have ever seen, now before you guys get the wrong idea there is no way AT ALL i would ever be able to afford any of these places but as we are dreaming a little here i'd like to share it with you guys..

    http://www.uniqueliving.com/property-for-sale/french-alps/

    But seriously guys, do you know of any property sites that isn't made for super millionaires but more for the average folk ;-)
     
  2. cin

    cin Old n' Crusty Ski Pass: Gold

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    alpine property has a search by price function
    for under 400,000EU there are 240 properties;

    http://www.alpine-property.com/sear...0000&Search[maxPrice]=400000&Search[type][]=0

    a lot are units, but you can still get a cute little chalet within that price range, like this for 299,000EU;

    http://www.alpine-property.com/les-...0000&Search[maxPrice]=400000&Search[type][]=0
     
  3. Chester

    Chester One of Us

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    Entry level for an apartments in a smaller, lesser known French ski resort/village starts as low as 50k€. At that price you're buying a studio that's not big enough to swing swing the proverbial cat in.

    IMO, it's better to try to buy directly off the sellers, as opposed to some of the British (or other) agencies.

    This site is a French version of gumtree ....

    http://www.leboncoin.fr/ventes_immobilieres/offres/rhone_alpes/occasions/?f=a&th=1

    You can narrow down your search by selecting regions and specific towns, villages or postcodes.
     
  4. CarveMan

    CarveMan Pool Room Ski Pass: Gold

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    I met a Swede who bought a studio at the base of the Aiguille du Midi for about 90k€ a couple of years ago.
     
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  5. Chester

    Chester One of Us

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    Swedes have more money than humble Aussies. ;)
     
  6. Apresski

    Apresski Pool Room Ski Pass: Gold

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  7. Chester

    Chester One of Us

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    Ok, but they still possibly have more money than us considering it costs them a lot less to fly to their 90k€ studio a few times a year. ;)
     
  8. CarveMan

    CarveMan Pool Room Ski Pass: Gold

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    Yes this chick came out 3-4 times during winter and a few summer trips too.
     
  9. Chester

    Chester One of Us

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    Yep, that's the advantage Europeans have over Aussies. For us, travelling to Europe multiple times per year is both cost and time restrictive. As discussed earlier in this thread, IMO, I think it's more practical for the average Aussie to rent an apartment every time they want to ski overseas, and invest in property locally. Unless of course, money is not an issue.
     
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  10. CarveMan

    CarveMan Pool Room Ski Pass: Gold

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    Yeah $1500-$2000 plus time in the air plus jetlag........

    In a perfect world I'd like 2 extended stints in Europe per year.
     
  11. Chester

    Chester One of Us

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    Yep, and the fact that anything under 2 weeks is not a realistic option adds another hurdle to the cost, travel time, and jet-lag equation.
     
  12. Apresski

    Apresski Pool Room Ski Pass: Gold

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    Yeah, easier to just move there for a few years.:thumbs:
     
  13. piolet

    piolet Better make it three Ski Pass: Gold

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    Swedes can spend up as the cost of living profile is different. Sure it's pricey but a case in point: my buddy in stockholm lives with his family in a rent controlled apartment (very common). Its pretty nice and in an ok area. Its also dirt cheap and he, like many others, owns a country house outright. For similar money to what he could buy a studio in zee alps... try doing that in oz as an average wage earner...
     
  14. Boodwah

    Boodwah One of Us Ski Pass: Gold

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    Easiest to marry it.;)
     
  15. CarveMan

    CarveMan Pool Room Ski Pass: Gold

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    I married the correct passport I guess......
     
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  16. Chester

    Chester One of Us

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    That only works as long as 'she' that 'one' marries doesn't put a stop to the fun.
     
  17. piolet

    piolet Better make it three Ski Pass: Gold

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    Then you've married poorly. Get the pass and move on! ;)
    And yeah, its the way to go :D
     
  18. Chester

    Chester One of Us

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    They have been known change after they have a ring on their finger ... apparently !!
     
  19. piolet

    piolet Better make it three Ski Pass: Gold

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    Im shocked
     
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  20. Whiteman

    Whiteman A Local Ski Pass: Gold

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    I'm shocked as well. Who'd of thunk that. :whistle:
     
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  21. dawooduck

    dawooduck relaxed and comfortable Ski Pass: Gold

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    .......... the kids get the passport and you then buy the property through them :thumbs:
     
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  22. Cryin_boris

    Cryin_boris Hard Yards

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    I have EU citizenship - feel free to make any purchases through me ;)
     
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  23. Chester

    Chester One of Us

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    Sounds like a good plan. Just post your full name, address, D.O.B. passport number, tax file number, banking details and I'm sure someone will be in touch soon. ;)
     
  24. greensnow

    greensnow Hard Yards

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    Found this
    http://www.frenchmortgagedirect.com/mortgageguide.php

    If you can get day 2.5% finance on a 200,000 euro place in Cham, interest is then 5000 euro or $7000 aud, maybe 10k p.a after other costs.

    At $150 a night you would only need to let it out 60-70 nights a year when you aren't there to break even.

    Can negatively gear like a domestic property now too.

    Airbnb is full now full of Londoners with Cham 1 br places for let.
     
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  25. greensnow

    greensnow Hard Yards

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    I haven't done tax law for a while but pretty sure you can claim a good portion of the flights to 'inspect' annually.
     
  26. gareth_oau

    gareth_oau Pool Room Ski Pass: Gold

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    yep, negative gearing, but throw in a decent chunk of depreciation too
     
  27. Whiteman

    Whiteman A Local Ski Pass: Gold

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    Every time I visit, it reinforces that I need to win lotto.......this week.
     
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  28. Whiteman

    Whiteman A Local Ski Pass: Gold

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    And there's your problem. Smarties have already snapped up the good, easy to rent apartments. Need to look outside the main towns, which prolly decreases your chance of meeting rental target.
     
  29. CarveMan

    CarveMan Pool Room Ski Pass: Gold

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    Or just marry in to a family who owns Cham property like @piolet :out:

    But like I said earlier we usually find a comfy place for around 1000e for a month - if we manage to keep doing that I can't see us wanting to buy something.
     
    Chester likes this.
  30. piolet

    piolet Better make it three Ski Pass: Gold

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    Omg






    Wasnt quite like that, they needed a little steering! ;)
     
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  31. Whiteman

    Whiteman A Local Ski Pass: Gold

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    Oh I agree, I've been looking for a French wife for some time now, trouble is current +1 isn't thrilled with that idea.

    Just a dream to live there one day. :thumbs:
     
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  32. gareth_oau

    gareth_oau Pool Room Ski Pass: Gold

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    dont forget that part of your business model should include the positive of not having to pay for rental accommodation when you are on holiday
     
  33. cold wombat

    cold wombat Twitter Contributer Moderator Ski Pass: Gold

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    Unless you want to go elsewhere.
     
  34. Chester

    Chester One of Us

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    Unless you're going to spend large periods of time there, now and for the rest of your life, IMO the best three options are to RENT, RENT or RENT.
     
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  35. gareth_oau

    gareth_oau Pool Room Ski Pass: Gold

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    but if you are going elsewhere, then either:

    A/ you generate more rental income (hopefully), or
    B/ arrange a swap with someone else so neither of you pay rent
     
  36. cold wombat

    cold wombat Twitter Contributer Moderator Ski Pass: Gold

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    It's either an investment or a lifestyle expense. Not both.
     
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  37. Chester

    Chester One of Us

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    If it's purely an investment, there are better ways to invest money. That's why it's better to be looked at as a lifestyle investment.
     
  38. gareth_oau

    gareth_oau Pool Room Ski Pass: Gold

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    define "investment"?

    a Capital Investment may not provide a short term operating return and you are relying on long term capital gains.

    If you choose to buy a ski property now, its more likely that you are doing so because prices are depressed. That may also lead to a great capital gain in years to come, and potentially even a foreign exchange gain if you are lucky enough to buy when the AUD is high and it drops.
     
  39. Chester

    Chester One of Us

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    Good luck.
     
  40. cold wombat

    cold wombat Twitter Contributer Moderator Ski Pass: Gold

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    That sounds like trying to rationalise a lifestyle choice. If you want to make the lifestyle choice, go for it, but on any *objective investment criteria*, it is unlikely to make the short list of viable possibilities.
     
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  41. ODNT

    ODNT Part of the Furniture

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    Been discussing this very topic for a while & I like the idea of B Gareth. I'd only be interested in property that was flexible , popular with permanent residents & you had the option of leasing it out yourself on long term leases when you wanted a change of scenery or just throw it into a holiday pool & use yourself throughout the year .

    And I agree with many here that the purchase of property in or around resorts shouldn't be looked @ as purely an investment because the first thing to go when you have your GFC's are your recreational assets be it holiday apartments ( the arse falls out of them ) boats & flashy cars.

    I'll be gearing mine with enough equity so it can survive a lean season & at least pays its own outgoings. That way regardless of what happens to the markets, its as close as bullet proof as possible. I think the benefits of not toping up repayments in the back end of your career ( which commits you to work longer ) far outweighs the benefits of getting finance for taxation purposes.
     
    #141 ODNT, Nov 5, 2014
    Last edited: Nov 5, 2014
  42. gareth_oau

    gareth_oau Pool Room Ski Pass: Gold

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    trust me, I have no false illusions that ski properties are pure investments, and anyone who buys one on that basis has more money than sense.

    However, if you make a lifestyle decision, but use investing criteria to help filter the potential results, then hopefully the long term pain can be somewhat reduced.

    If you chose to purchase a ski property, purely as a lifestyle choice, but also had the opportunity to rent it, depreciate it and negative gear it, then why wouldnt you?
     
  43. cold wombat

    cold wombat Twitter Contributer Moderator Ski Pass: Gold

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    Sure, claw back a bit on the side, but it's not really an 'investment' as such. You've selected the property first and foremost for it's lifestyle returns.
     
  44. ODNT

    ODNT Part of the Furniture

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    Further to that I observe many parents who see their kids out of home, downsize for a winnebago or holiday home etc
     
  45. gareth_oau

    gareth_oau Pool Room Ski Pass: Gold

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    yeah, offload them to the coalmines as soon as they are teenagers!! :evil:
     
  46. ODNT

    ODNT Part of the Furniture

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  47. gareth_oau

    gareth_oau Pool Room Ski Pass: Gold

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  48. ODNT

    ODNT Part of the Furniture

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    I feel for them :(
     
  49. main street

    main street Doing what I want. Ski Pass: Gold

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    & what if the place is the principal residence ?
     
  50. cold wombat

    cold wombat Twitter Contributer Moderator Ski Pass: Gold

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    The best lifestyle choice of the lot!

    :D
     
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