With the new ski season fast approaching, many avid skiers will be starting to dust off those skis, while some shrewd property investors will be contemplating ways of being able to cash in on the sport's popularity.
Many property investors have ski properties in their portfolios because they can potentially offer high rental income during the winter months.
According to the latest data from leading holiday rental site, HomeAway Holiday-Rentals, investors seeking high rental incomes should look at the Three Valleys in the French Alps which attracts the highest average weekly rental rate of £1,200 for a two-bedroom chalet.
Residential properties in the Three Valleys, home to the prestigious ski resorts of Courchevel, Meribel and Les Menuires, attract high rents compared to neighbouring Tignes Sainte Foy, Les Arcs and Portes du Soleil where average rental incomes are £1,130, £970 and £960 per week respectively.
Ed Scott of Experience International says: “It's not hard to see why chalets in Les Trois Vallees or Three Valleys are so popular. It's the largest ski area in the world with more than 600km of ski slopes, 120km for cross-country skiing and 183 ski lifts. With a top elevation of 3,230m, snowfall in the Three Valleys is very reliable but just in case there are 1,920 snow cannons in place.”
To read our guide to buying a property in France, click here.