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.

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Latest Comments

MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

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ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

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NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

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Landlady14
Landlady14 01 Mar 2017

You would think so Niraj Shah! My experience only proves that there are varying qualitiers of professional in all aspects of property letting. None of the ones I have dealt with, from letting agents to...

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Mark
Mark 01 Mar 2017

Thanks for this article. Hopefully one day everybody's lifestyle will be eco-sustainable.

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Ben Taylor
Ben Taylor 28 Feb 2017

I was convinced that London was the most expensive!

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Alan Read
Alan Read 28 Feb 2017

Australia are leading the way in this I think. The trouble with Britain is we don't get enough sun to make use of solar power.

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James Powell
James Powell 27 Feb 2017

This is a very good news.

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DanHumphreys
DanHumphreys 27 Feb 2017

It sounds like a good idea. Anything to help the younger generation get a foothold.

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Matt
Matt 20 Feb 2017

Is this fake news?

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Matthew Hollywood
Matthew Hollywood 07 Feb 2017

Matthew Hollywood - Director Mishon Mackay Land & New Homes - Brighton The shortage of New Homes is in part effected by the lack of land sales. Land sales are held back because there is a disparity between...

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CommercialTrust
CommercialTrust 30 Jan 2017

Hi Graham, Would be interesting to see the above figure calculated against an investment via a Lt Company /SPV structure and if the investor found themselves pushed in to the higher tax bracket. Mortgage...

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