Posted on 12 November 2011
Alpine-Property, an estate agent specialising in the French Alps has reported growing demand from Swiss buyers, lured by the strength of the Swiss Franc against the ailing Euro.
“The buyers we speak to tell us that they can now get a lot more for their money by turning to resorts like Chamonix or Morzine rather than their Swiss equivalents,” Gareth Jeffries, a representative from the firm, explained.
Arguably even bigger news, was the fact that according to the firm this strong demand for ski property in the French Alps is causing prices to surge, with prices now higher than they were at the peak four years ago according to the firm.
In our last blog we covered the Savills Alpine Property report, which reported positive rental yields to be had across the French Alps. This came one month after Knight Frank published its first Ski Resort Property Index, showing positive price growth in the year ending June 2011 in most French ski resorts.
The fact that both these big hitters are now publishing specialist reports on Alpine ski property, with a great deal of focus on France and Europe, is a testament to just how popular such properties are becoming. Of course, we know that this popularity is because they are being perceived as safe-havens against the financial volatility we live in. With Europe showing no signs of making a quick getaway from said volatility, we can expect demand for ski properties to remain strong over the coming months and even years.