Posted on 27 February 2012
Ski property is currently among the most popular in the world according to various reports. Here are the top 5 places to buy ski property and why.
France has to go at number one, because it is, and long has been the most popular place to buy skiing property, and is especially popular right now.
Right now one of the main reasons for buying property is to invest in a tangible asset that will hold its value, because even cash isn’t safe in today’s climate with foreign exchange volatility and inflation eroding its value.
Ski property in France is high end by definition. The primary buyers of high end property like this are those who can afford the finer things in life. As a result they rarely need to accept a lower offer to get a quick sale. At the same we often see wealthy buyers seeking out properties that may not even be on the market, and making high offers in order to bag the property. Both of these factors lead to French skiing property holding its value during down cycles and growing strongly during up cycles.
Switzerland is popular for the very same reason as France. In fact, Switzerland would actually go in number 1 if it was based on safe-havenism alone, as it has the added benefit of not being in the Euro. However, we know that France is more popular than Switzerland with buyers from various surveys.
The likely reasons for this are the excellent French leaseback scheme which is a government guarantee on rental income, France’s excellent range of low rate mortgages, slightly lower prices and its proximity to the UK.
Meanwhile Switzerland ski property is the ultimate safe haven, top end pricing, no euro risk, and one of the strongest currencies in the world.
Austria is the first one on the list not to be there solely because it is a safe haven. Ski property in Austria is not as expensive as that of Switzerland and France, but nor could it ever be called cheap. Therefore alpine ski property in Austria has gained a reputation as a safe investment for the current climate. In fact several reports last year showed Austria ski property prices to be growing rapidly.
Austria has an excellent balance of offering excellent Alps skiing and beauty but not at unearthly prices. The resort of Sheldon in the Oetztal region of Tyrol in the Austrian Alps is very popular with Europeans, and is set to see increasing popularity with North Americans after being chosen as the official European training base for the men’s Alpine competitors of the U.S. Ski Team.