The Alps cover an area of 191,000 square km, spanning seven countries and attract up to four million tourists annually. With 36% of the world’s ski resorts, the Alps capture 45% of all global skier visits (North America is second, with 21%).
A number of visitors decide to make a more permanent commitment and purchase a property in the region. Some of these will look for an income return and let the property to visitors but most make a lifestyle and leisure choice to enjoy a holiday home in this unique region. A top tier of Alpine resorts are frequented by, among others, celebrities and European royalty, so have emerged as important destinations for the global super rich to buy property.
In this edition of our Alpine Homes report, we take a look at these ‘ultra prime’ property markets as well as the resorts that are seeing an increased number of international buyers returning to their property markets.
We have taken a close look this year at the factors that determine resort quality, and future potential, ranging from length of snow season, snow depth, piste length and available bedspaces. Our quality measure culminates in comparing the price of a hot chocolate on the mountain in each of our 30 featured resorts; the all-important ‘Kakao Index’.
Finally, we look at the prospects for resort expansion, development and price growth. We hope you enjoy this property market ride through the Alps.
Source : Savills