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Finland's Lapland resort attracts year round rental

 

Overseas Property News - Finland

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News Detail

In the midst of an unspoilt Arctic wonderland lies the exotic Lappish resort of Levi. Renowned as one of Finland's best and most extensive ski-areas, it offers snow-sure sking from November to May in a warm and friendly atmosphere.


This tranquil resort in the heart of Lapland also hosts the annual Alpine ski world cup; has 48 slopes (15 of which are floodlit); 26 lifts; superpipe; halfpipe; snow park; black runs and intermediate and beginner runs.


Attractions off the slopes include husky reindeer and snowmobile safaris, Icelandic horse-riding, and the magical Northern Lights where visitors can ski amidst the silence of the fells in a mystical blue twilight of rose-coloured dawns and dusks.


The overseas property specialists DSR have two properties in Levi. The Aurora Sky hotel is part of a small off-plan holiday village being built right at the foot of the downhill ski-slopes. While Snow White Golf Hotel has all the qualities of the Aurora Sky Hotel but is also near a fantastic 18 hole golf course.


Both properties come with at least 6 percent guaranteed rental yield for the first five years, but professional investors could make far higher yields if they market their own rental, or submit the property to a holiday lettings site. This is because Lapland's all-year-round beauty is attracting vast numbers of tourists for summer vacations as well as the 6 months of world class skiing conditions.


Both properties are also expected to see huge capital appreciation. Finland property prices grew by an average of 97 percent between 1995 and 2005, and although capital appreciation has slowed to a respectable average of 8 percent, property in the new emerging market of Lapland is expected to grow by around 250 percent in the next ten years.

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