Apartments in France look set to be snapped up by investors

Part of the new MGM development, Le
Domaine du St Laurent at Annecy-le-Vieux.

The remaining 12 apartments within a new French development could disappear soon as property investors increasingly secure their spot at Le Domaine du St Laurent.

With all except for 12 of the 99 apartments, which overlook Lake Annecy, now sold, French developer, MGM, is expecting investors to be quick to buy the last few properties in the wake of the news that Annecy has been short listed as a contender to host the Winter Olympics in 2018.

"We predict a scramble to buy up properties in the Annecy area if it is announced that the town has beaten its rivals, Munich in Germany and PyeongChang in South Korea," says Nathalie Turchet, MGM's London-based UK sales manager.

"Even though the final decision is two years away, there are signs than some investors want to get in early and buy property in Annecy now, before prices soar."

The MGM apartments on offer are located on the outskirts of Annecy at Annecy-le-Vieux, where work has recently been completed on its development, Le Domaine du St Laurent.

Taking its name from the local church of St Lawrence, the scheme comprises 11 two- and three-storey buildings with an external design inspired by the area's traditional Savoyard farm buildings.

For more information, visit www.mgm-constructeur.com

Information courtesy of Tim Stanley Public Relations and MGM French Properties

© PropertyIndex.com 2009 | Last Updated: 15th April 2009