Despite the global real estate crunch that is at the epicenter of the recession, investors are still dropping cash on Alpine ski properties, according to a leading French developer.

The MGM Group has reported that it’s property sales are only slightly down this year, and it’s sales targets for the winter season were actually surpassed. The company says that buyer interest from the United Kingdom in particular remains strong despite poor exchange rates.
London-based company sales consultant Richard Deans says MGM sold over 200 off-plan property sales without having to reduce prices more than five to ten per cent.

Within eight weeks of announcing plans for 40 new ski-in, ski-out homes in Les Arcs, we had sold one-third of the properties to British and French investors,” said Deans.
After the year’s success, MGM is planning several more new developments in the French Alps which it expects to begin construction on next year. They will be located in St. Martin de Belleville, Bisanne, Val Cenis, and Alpe d’Huez.

• Ski France: Read more stories about real estate developments at French ski resorts by clicking here.