Fractional Ownership France – French Alps Ski Apartment

Fractional ownership in France. Own a fraction in a 3-bed vacation apartment in the ski resort of Morzine, France. This area is great for both Summer and Winter vacations. It is also one of the most suitable ski resorts for self-drive vacations from the UK. This apartment is ideal for families/friends sharing as it has 3 bedrooms. To rent a similar apartment in high season can cost up to GBP 1500/week, so it is easy to see how a fractional scheme such as this could save you money over the initial scheme period (5 years).

The apartment is a refurbishment/new-build project located in Montriond, a short distance from Morzine (and on the ski-bus route). Morzine is a traditional French Alpine village which has a charm sadly lacking in many purpose-built resorts. In the Summer season Morzine becomes a mecca for mountain-biking, and with some of the ski lifts open, you can do the best sort of mountain biking, i,e, the downhill type!

This is an artists impression of the completed development:

These photos show the apartment building prior to refurbishment:

The fractional scheme will run for 5 complete years. At the end of this period the property will be sold and the value will be payed back to the fractional scheme members pro-rata based on the size of their share. Alternatively, if all of the fraction owners agreed (or those that didn’t were bought out at market value) then the fractional scheme would be extended.

Time allocation will be by week as follows (based on 2009 calendar). The changeover day will be Saturday. The time allocation has been broken down into weeks to keep prices to a minimum. Although this method of time allocation looks similar to timeshare, the important difference is that you own a fraction of the property. You could reasonably expect to get your money back or more (depending on movements in property prices) at the end of the fractional scheme period. There is of course nothing to prevent you from purchasing more than 1 fraction, pick Summer and Winter weeks to see the best of everything that Morzine and the French alps have to offer.

Winter Season Weeks

Week 1: Jan 03 – Jan 10 Price GBP11,800 (2.9% fraction)
Week 2: Jan 10 – Jan 17 Price GBP11,800 ”
Week 3: Jan 17 – Jan 24 Price GBP12,900 (3.2% fraction)
Week 4: Jan 24 – Jan 31 Price GBP12,900 ”
Week 5: Jan 31 – Feb 07 Price GBP15,900 (3.9% fraction)
Week 6: Feb 07 – Feb 14 Price GBP15,900 ”
Week 7: Feb 14 – Feb 21 Price GBP19,200 (4.7% fraction)
Week 8: Feb 21 – Feb 28 Price GBP15,900 (3.9% fraction)
Week 9: Feb 28 – Mar 07 Price GBP15,900 ”
Week 10: Mar 07 – Mar 14 Price GBP12,900 (Reserved – 3.2% fraction)
Week 11: Mar 14 – Mar 21 Price GBP12,900 (3.2% fraction)
Week 12: Mar 21 – Mar 28 Price GBP12,900 (3.2% fraction)
Week 13: Mar 28 – Apr 04 Price GBP12,900 ”
Week 14: Apr 04 – Apr 11 Price GBP12,900 ”
Week 15: Apr 11 – Apr 18 Price GBP11,800 (2.9% fraction)
Week 16: Apr 18 – Apr 25 Price GBP11,800 ”

Summer Season Weeks

Week 21: May 23 – May 30 Price GBP7,500 (1.8% fraction)
Week 22: May 30 – Jun 06 Price GBP7,500 ”
Week 23: Jun 06 – Jun 13 Price GBP7,500 ”
Week 24: Jun 13 – Jun 20 Price GBP7,500 ”
Week 25: Jun 20 – Jun 27 Price GBP7,500 ”
Week 26: Jun 27 – Jul 04 Price GBP8,100 (2% fraction)
Week 27: Jul 04 – Jul 11 Price GBP8,100 ”
Week 28: Jul 11 – Jul 18 Price GBP8,800 (2.2% fraction)
Week 29: Jul 18 – Jul 25 Price GBP8,800 ”
Week 30: Jul 25 – Aug 01 Price GBP8,800 ”
Week 31: Aug 01 – Aug 08 Price GBP9,200 {2.3% fraction)
Week 32: Aug 08 – Aug 15 Price GBP9,200 ”
Week 33: Aug 15 – Aug 22 Price GBP9,200 ”
Week 34: Aug 22 – Aug 29 Price GBP9,200 ”
Week 35: Aug 28 – Sep 05 Price GBP8,900 (2.2% fraction)
Week 36: Sep 05 – Sep 12 Price GBP8,900 ”
Week 37: Sep 12 – Sep 19 Price GBP7,800 (1.9% fraction)

Winter Season Weeks

Week 50: Dec 12 – Dec 19 Price GBP10,500 (2.6% fraction)
Week 51: Dec 19 – Dec 26 Price GBP15,800 (3.9% fraction)
Week 52: Dec 26 – Jan 02 Price GBP18,500 (4.5% fraction)

The low-season weeks not covered by the above list would be available for the fraction owners to book (1 additional week for each week purchased). A fair use policy will be enforced to ensure that the fraction owners get a fair share of these additional weeks over the time the scheme operates.

The annual maintenance fee will be GBP125/year per main week purchased, with an additional GBP50 for each out of season week booked.

To reserve a week a 5% returnable deposit will need to be paid to our solicitors (or you can specify your own solicitors if you prefer). Please email neil@thefractional times.com for more information/to reserve a week.

Tags: fractional france, fractional ownership, fractional ownership deals, fractional property, fractional real estate, fractional ski