Top Tips for buying a ski property

Top Tips for buying a ski property

Has this year's ski season convinced you it's time to buy your own property on the slopes?

Branson Atterbury, Marketing Director at Kristall Spaces, offers his top tips on how to buy a place in the snow.

As revealed in Savills' 2015/16 'Alpine Property Market' spotlight report, 92% of investors buying a ski property will use it for personal holidays as well as an investment. Capital growth and rental returns can vary depending on the country and resort and owning in the biggest ski resorts, doesn't always offer the best value or returns.    

Before you buy, it's important to do your research. Here are a few points to consider:

1. Altitude

There are conflicting views on global warming and the long-term viability of lower ski resorts and their ability to attract winter tourists throughout the season. One way to safeguard against any speculation is to buy high or in resorts with access to glaciers or pistes above 2,000 metres. If anything, there will be increasing demand from paying rental customers in higher resorts and future resale values will be enhanced.

2. Location and access

Aim to buy within a 90-minute drive of major airports.  If you are going to earn rental income from tourists, then it helps to be close to an airport. Find out which major cities fly regularly into these locations. Some established ski resorts even have their own train station – a great way to arrive for a holiday. Although letting your property during ski season is the obvious thing to do, don't forget the growing appeal the Alps hold during the summer months. Maximise your rental income and research dual-seasonal resorts to widen your audience.

3. Expected capital appreciation

To maximise capital appreciation on your property, consider buying in one of the less established or smaller resorts that still hold growth potential. Austria, for example, has seen property prices increase by 41% since 2008, compared to falls of 0.9% in France over the same period.


4. Investment in infrastructure

A good indication on whether a resort could be a rising star are planned infrastructure investments, such as new ski lifts and après-ski facilities. The more the local authority is investing into the local area, the more likely it is that tourism figures and property values will increase.

5. Pricing dynamics

All alpine regions have varying development restrictions and foreign ownership rules. Some have encouraged overseas buyers for years whilst some have been more protective. Compare the average price per m² in different countries and resorts as they can vary by as much as 400%. Currency is also a factor:  take a view on how the Sterling will perform. The Swiss Franc has been used as a safe haven and is likely to fall in value over the next few years when markets stabilise. The Euro is good value and should rise over the long term against Sterling and the Dollar.

Join our mailing list:

Leave a comment



Latest Comments

Spencer Fortag
Spencer Fortag 25 Aug 2016

The funny thing is, I mentioned the brick issue in my blog back in April: http://medwayproperty.blogspot.co.uk/2016/04/the-medway-property-market-and-lack-of.html

view article
SecomTech
SecomTech 19 Aug 2016

Firstly, I either lodge with DPS or do not take a deposit...secondly, If a tenant has not received a confirmation their deposit is secured with either a scheme or in an insured account with an agent/landlord,...

view article
jasonevans
jasonevans 19 Aug 2016

Belvoir has over 15 years of experience in property lettings, buying and renting and is one of the best agencies I know about. I have heard that they revived an award for the hard work. Really amazing...

view article
jasonevans
jasonevans 19 Aug 2016

Usually these areas are least affected when it comes to unexpected economical collapse.

view article
TheWaspNestRemover
TheWaspNestRemover 11 Aug 2016

You agree to pay for the treatment needed to get rid of fleas, ants, mice, wasps nests and other pests unless you can prove that these are a result of us not meeting our repairing responsibilities or these...

view article
madisonwelch80
madisonwelch80 02 Aug 2016

16% is quite a raise. Let's hope this tendency won't continue for long.

view article
madisonwelch80
madisonwelch80 02 Aug 2016

?66,963 is a serious price drop However buying a property it a serious investment only small percentage of the UK population could afford.

view article
madisonwelch80
madisonwelch80 02 Aug 2016

Wow, it kind of surprised me. I mean counting on mom and dad's bank even after retirement is too much. That's the moment in life when one should have ensured themselves. I am shocked.

view article
AbbieP.
AbbieP. 22 Jul 2016

"While house prices in the most expensive eleven boroughs have declined values in the cheapest eleven boroughs continue to rise" - not a nice way to even out the price range. London is overrated as it

view article
AbbieP.
AbbieP. 21 Jul 2016

And try to profit from your decisions, I may add

view article
CommercialTrust
CommercialTrust 19 Jul 2016

Retirement investment has always been one of the biggest draws of buy to let. And the buy-to-let demographic is, on balance, older. (Over a third of our applicants are over 50 at the time of application.) It...

view article
Forrest Wheatey
Forrest Wheatey 11 Jul 2016

I find the time perfect for ever home-owner wannabe. Prices should slowly, but steadily drop, at least for the inner buyer. Making it harder for outsiders to buy properties (the whole Brexit thing means...

view article

Related stories

More articles from Property

Specialist Lending Roadshow 2016

20th-23rd September

4 days
6 specialists
4 locations
Free to attend

Click here to register now