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



Our Next Event

Buy-to-Let Roadshow July 2017

Buy-to-Let Roadshow July 2017

Newcastle - 18/07/2017

Bolton - 19/07/2017

Derby - 20/07/2017

Reading - 21/07/2017

Register now

Latest Comments

SecomTech
SecomTech 22 Jun 2017

AT Last...This was discussed years ago and there was a move towards landlords registering their bad tenants on a database..(can't remember where) It seems a logical step though our leaders will probably...

view article
Bertrand
Bertrand 02 Jun 2017

How about the Welsh Govt introducing a scheme to protect landlords against "rogue" tenants who are then taken to court for criminal damage to the properties they trash. Pretty unlikely I suspect and politically...

view article
AmberMorris
AmberMorris 25 May 2017

"Please don't pick a novelty tune-playing doorbell. They're not 'fun'. They're stupid." Laughed a lot to this. It's actually true, though.

view article
Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

view article
Bertrand
Bertrand 17 May 2017

First step to nationalisation of the private rented sector IMHO. Nanny state poking their noses into things yet again. I object, as a decent landlord, sometimes having to deal with some pretty awful tenants,...

view article
Izzy
Izzy 16 May 2017

This is such a great a post. I love the detail you've gone into. It's a very useful article for helping those who are looking at deciding which sector they would like to go into! When I first started investing...

view article
paul burnham
paul burnham 30 Apr 2017

Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

view article
CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

view article
warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

view article
Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

view article
Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

view article
MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

view article

Related stories

More articles from Property

Buy-to-Let Roadshow
July 2017

18th-21st July

4 days
7 specialists
4 locations
Free to attend

Click here to register now